Confesses to helping Israel pack RV, park it at rest area near Bear Mountain Bridge; motor scooter possibly used
June 20, 2008
(Reuters)—U.S. authorities arrested on Thursday the girlfriend of fugitive former hedge fund manager Samuel Israel III, accusing her of helping to stage his suicide on the day he was to report to prison for fraud.
Debra […]
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Girlfriend of fugitive hedge fund manager arrested
Comverse ex-CFO pleads guilty to fraud
By Jeff Nash
David Kreinberg, the former CFO of software maker Comverse Technology Inc., pleaded guilty today to conspiracy and securities fraud related to the company’s illegal backdating of employee stock options over the past eight years.
Mr. Kreinberg, 41, is the first corporate official to plead guilty in a stock option backdating case. He offered […]
Just how vigilant is the Securities and Exchange Comission?
Just how vigilant is the Securities and Exchange Comission? The SEC, as part of its supervision of Bear Stearns, the fifth-largest U.S. securities firm, and its rivals, tries to ensure that the industry has adequate funds to meet expected obligations for at least one year during periods of “stress,” according to the agency’s Web site. […]
Walmart suit hits 401(k) fees
One of the great benefits working for a private company is the 401-k program. Over at my previous employment, I manage the company’s 401-k benefits program. It’s a great retirement savings program where you can save a maximum of 15% of your salary into this program and then your employer kicks in a matching percentage. Now, there are limits to the maximum amount […]
Bank of America units pay nearly $10 million to resolve SEC charges
Interestingly, Bank of America units paid nearly $10 million to resolve the Securities and Exchange Commissions’ charges that there were two investment advisors who favored mutual funds with ties to the firms. Talk about conflict of interest here. But with Bank of America settling for $10 million, I guess we already know who the guilty party, correct? I […]
Wanted: CFO for Michael Dell
How would you like to be the Chief Financial Officer of a company that produces more than $60 billion in annual revenue? It doesn’t come along very often. After all, only 30 U.S. corporations achieved that feat last year.
Should you be interested, computer maker Dell, is quietly trolling the market for someone to succeed its […]
XBRL - Interactive data
Remember Y2k? That event created a lot of jobs for computer programmers. As a matter of fact, there were a lot of Filipino computer professionals who were lucky to have landed some prestigious jobs in some of the Fortune 500 Corporations because of the Y2k opportunity. Will XBRL bring new opportunity for Filipino computer programmers?
It’s […]
Is there going to be a new “Spitzer”?
He is the terror of corporate finance.
“We would not be here today if the mortgage brokers and lenders and appraisers had maintained reasonable standards. But we would also not be here today if the relevant regulators had stopped these bad lending practices.”
“Many failures have been caused by the lack of federal regulatory entities to regulate—or […]
New level of indecency
Eliot Spitzer may have gone after radio for pay-for-play violations, but there’s an indecent proposal that’s now making news. Playgirl magazine is offering the former New York governor and attorney general a chance at a modeling career if he agrees to bare it all in its pages. In an open letter, Playgirl’s editors tell Spitzer “We’re ready to […]
Radio’s weekly audience: 235 million.
Forget fragmentation, radio still reaches 78% of the total U.S. population. The medium does even better among key advertiser demographic groups. Now, these are some very good numbers if you want to penetrate these audience and target them for your advertising.
Arbitron’s RADAR 96 report shows 95% of adults age 18-49 with a college degree and an […]