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On November 17, 2005, Conrad Black and three other executives1 of Hollinger Inter- national, Inc., were charged with eleven counts of fraud with regard to payments allegedly disguised as “noncompete f...
See AnswerQ: Walt Pavlo joined MCI in the spring of 1992. At that
Walt Pavlo joined MCI in the spring of 1992. At that time, MCI was a growth company in the booming long-distance tele- communications industry that had 15% of the long-distance market, with revenues o...
See AnswerQ: Pierre Garvey, the CEO of Revel Information Technology, sat back
Pierre Garvey, the CEO of Revel Information Technology, sat back in his chair and looked at his assistants. He frowned. “My son has been diagnosed with MLD,” he said. They all looked at him with shock...
See AnswerQ: Employee stock options allow company executives to buy shares of their company
Employee stock options allow company executives to buy shares of their company at a specified price during a specified time period. They are given to executives as a form of noncash compensation. The...
See AnswerQ: Satyam Computer Services Ltd was founded in 1987 by B. Ramalinga
Satyam Computer Services Ltd was founded in 1987 by B. Ramalinga Raju. By 2009, it was India’s fourth-largest information technology company with 53,000 employees, operating in sixty-six countries. It...
See AnswerQ: By the late 1990s, Nortel Networks Corporation, headquartered in Brampton
By the late 1990s, Nortel Networks Corporation, headquartered in Brampton, Ontario, Canada, was one of the giants of the telecommunications industry. Seventy- five percent of North America’s Internet...
See AnswerQ: On June 20, 2005, “John Rigas, the 80
On June 20, 2005, “John Rigas, the 80-year old founder of Adelphia Communications Corp., was … sentenced to 15 years in prison and his son Timothy, the ex-finance chief, got 20 years for looting the c...
See AnswerQ: Dennis Kozlowski was a dominant, larger-than-life CEO
Dennis Kozlowski was a dominant, larger-than-life CEO of Tyco International, Ltd, a multi-billion-dollar company whose shares are still traded on the New York Stock Exchange (Symbol: TYC). His stature...
See AnswerQ: On March 19, 2003, the SEC filed accounting fraud charges
On March 19, 2003, the SEC filed accounting fraud charges in the Northern District of Alabama against HealthSouth Corporation and its CEO, Richard Scrushy. Scrushy was also charged with knowingly misc...
See AnswerQ: Siemens AG is a 160-year-old German engineering and
Siemens AG is a 160-year-old German engineering and electronics giant. It is one of Europe’s largest conglomerates, with profits in 2007 of €3.9 billion on revenue of €72.4 billion, up €6 billion from...
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