Coca-Cola changed the director compensation plan to one that will pay members of the board of directors if the company hits financial targets. Under this plan, “equity share units” valued at $175,000 will be granted to each director if the […]
Netflix Inc. is suing Blockbuster Inc. for illegally copying its ideas, namely having a DVD wish list and offering rentals with no time limits and no late fees. Both companies offer subscribers up to three DVDs at a time for […]
From the Wall Street Journal: Executive/company Testified? Trial Outcome Franklin Brown former general counsel Rite Aid No. Convicted. Sentenced to 10 years in prison. More. Bernard Ebbers former chairman, CEO WorldCom Yes. Convicted. Sentenced to 25 years to life. More. […]
Eliot Spitzer, New York State Attorney General, has filed suit against online advertiser Direct Revenue LLC. The suit claims that the company was secretly installing millions of spyware pop-up advertising programs on people’s computers. Direct Revenue allegedly installed advertising software […]
The defense in the case against former [tag]Enron[/tag] president [tag]Jeffrey Skilling[/tag] and former Enron chairman [tag]Kenneth Lay[/tag] is claiming that there was no wrongdoing at the company. In day one of the defense case, testimony by five former Enron employees […]
Milwaukee County has sued its former actuarial firm, Mercer Human Resource Consulting, for malpractice and breach of contract related to the 2000 county pension deal. Mercer advised the county on the cost of the pension enhancements under a contract signed […]
The European Union’s chief antitrust regulator has warned Microsoft Corp that it can’t sell the Windows Vista operating system in Europe if it has certain features. One concern is Microsoft’s potential to unfairly direct users to Microsoft’s internet search service. […]
Federal prosecutors in New York, Alabama, and New Hampshire have threatened to label companies uncooperative if they continue to pay the legal fees of indicted executives. Prosecutors want individuals to pay their own legal fees, even though the fees can […]
Martin Frankel, infamous looter of insurance companies, was sentenced to 17 years in prison for his theft of more than $200 million. This is the same sentence he received in 2004, and he was resentenced pursuant to a Supreme Court […]
