Marilee Jones, the dean of admissions for Massachusetts Institute of Technology, has resigned after it was discovered that she falsified her credentials. She claimed on her 1979 application to MIT that she had a bachelor’s and master’s degree from Rensselaer […]

Four defendants pleaded guilty to selling millions of dollars worth of fake Rockwell Automation software. The counterfeit software was sold on eBay, and had a retail value of $19 million. Each defendant faces five years in prison and a fine […]

A proposed amendment to make the internal controls portion of Sarbanes-Oxley optional for smaller corporations was defeated in the U.S. Senate this week. Specifically, the change would have allowed companies with market value less than $700 million to opt out […]

I was cruising cyber-space, seeing what others had to say about today’s earnings call for Overstock.com. I made my feelings clear about the use of the word “improvement.” Overstock’s numbers are terrible, and when compared to last year, no one […]

It seems that the executives of online retailer Overtsock.com may want to invest in a good dictionary. According to the transcript of today’s earnings call, they said:

A few weeks ago, a court barred Vonage Holdings Corp. from signing up new customers for its internet phone service while its appeal of a patent infringement case is pending. The U.S. Court of Appeals issued a stay of the […]

Richard Scrushy, founder of HealthSouth Corp. will pay $81 million to settle Securities and Exchange Commission claims. The payment includes $77.5 million in gains and a $3.5 million penalty, but he has already been credited with $71.5 million toward this […]

The issue of upper-level executive pay can raise the ire of many, as it might be hard to comprehend salary and benefits in the tens or hundreds of millions. It’s especially easy to rile up the masses if one compares […]

Wal-Mart is denying allegations that it investigated stockholders who submitted resolutions for the upcoming annual meeting. The Wall Street Journal reported earlier this month that Wal-Mart “directed its surveillance operations at critical shareholders,” citing a January 2007 memo. But CEO […]

Joseph Nacchio, the former CEO of Qwest Communications International was found guilty of 19 counts of insider trading. He was acquitted on the other 23 counts charged.The crux of the Nacchio case was whether or not he knowingly and willfully […]