Archive for the Legal News Category
Hewlett-Packard’s Ex-CEO Hurd Let It Happen
Reading accounts of why Hewlett-Packard’s board of directors fired CEO Mark Hurd shows how his cover up of a personal relationship with an H-P marketing coordinator caused the H-P board to take decisive action.
Reports state that the board took action because he had a personal relationship with Jodie Fisher. Perhaps more importantly, Mr. Hurd filed [...]
What Business Can Learn From the Blago Trial
Well, the trial (or at least the first trial) of former Illinois Governor Rod Blagojevich (Blago for short) is over. He was convicted on one of the 24 counts against him. That one was lying to federal agents. So what can small and mid-size business owners take away from all the talk and events swirling [...]
Citibank Settlement Punitive to Shareholders?
The Securities and Exchange Commission announced that it’s come to a $75 million settlement with Citigroup. While on the surface it seems that this is a clear-cut case of people finally winning against banks who were knowingly deceptive, the people who did the wrongdoing will likely not be footing the bill when all is said [...]
Foreclosures Up in U.S. Cities
When people were being tossed out of their homes by indifferent banks, there was a sense of moral outrage that people were losing all they had while the banks that owned them gained almost nothing in the process.
Politicians promised to stem the tide of Americans being treated shabbily by lending institutions, and emergency measures were [...]
GM to File for IPO Once More
When GM was de-listed from the stock market after several decades of mismanagement and ignoring consumer wants and market demands, no one expected to hear much of them in the immediate future.
However, GM has proven to be a clear success story stemming from the bailout of the auto industry, as well as good news for [...]
Medicare Fraud Exposed
There has been plenty of negative press about Medicare and its’ efficacy in the wake of the health care overhaul that was passed earlier this year. Government personnel have ripped the program and its ability to administer medical care to millions of people.
Medicare might have its problems and is by no means a perfect program, [...]
FDIC’s Regulatory Power Expanded
When the FDIC was first envisioned, the corporation’s job was simply to make sure that banks had enough cash on-hand to cover the deposits of its customers even if the worst should happen. Of course, the FDIC and the Federal Reserve have both become something else entirely other than what they were built to be.
The [...]
