U.S. Corp Execs at their Best:5-20-04 Former Texas Oil Exec starts serving sentence of over 24 Yrs

[etech]

Originally posted by: Tripleshot

Originally posted by: etech

Originally posted by: dmcowen674
Now that the Feds have got the heinous 62 year old Rich Corporate white lady, it's time they start going after some bigger boys:

3-6-2004 SEC Targets More Fortune 500 Names

The U.S. Securities and Exchange Commission is bringing more financial fraud cases against big-name, Fortune 500 companies, said a top SEC enforcement official on Saturday.

Equipped with a bigger staff and faced with a wave of corporate scandals, the SEC brought 199 financial fraud cases in 2003, and 34 of them involved Fortune 500 companies, said Susan Markel, SEC Enforcement Division chief accountant.

"In part, it's our willingness to take on the larger cases and it's also the resources we've been given to pursue them," she told reporters after a presentation at a conference in Washington.

Until its recent sharp budget increases, the SEC had been reluctant to take on the armies of lawyers fielded by major corporations, but that's changing, securities lawyers said.
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Interesting just how far will the U.S. Government go in eating it's own tail? Because afterall they are paid for by the very same Corporate Thugs they are now targeting.

Good, Clinton let them run rampant for eight years and now under a Republican administration they are being brought to justice.

Deal with it.

Yea, Clinton, Bush Sr., Carter, Ford, Nixon, Reagan, They all did. You Deal with it.

The point is, the problem is now being dealt with. That's a good thing and you die-hard Bush bashers just have to deal with it. But you can't, can you?

 

[dmcowen674]

Originally posted by: etech

Originally posted by: Tripleshot

Originally posted by: etech

Originally posted by: dmcowen674
Now that the Feds have got the heinous 62 year old Rich Corporate white lady, it's time they start going after some bigger boys:

3-6-2004 SEC Targets More Fortune 500 Names

The U.S. Securities and Exchange Commission is bringing more financial fraud cases against big-name, Fortune 500 companies, said a top SEC enforcement official on Saturday.

Equipped with a bigger staff and faced with a wave of corporate scandals, the SEC brought 199 financial fraud cases in 2003, and 34 of them involved Fortune 500 companies, said Susan Markel, SEC Enforcement Division chief accountant.

"In part, it's our willingness to take on the larger cases and it's also the resources we've been given to pursue them," she told reporters after a presentation at a conference in Washington.

Until its recent sharp budget increases, the SEC had been reluctant to take on the armies of lawyers fielded by major corporations, but that's changing, securities lawyers said.
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Interesting just how far will the U.S. Government go in eating it's own tail? Because afterall they are paid for by the very same Corporate Thugs they are now targeting.

Good, Clinton let them run rampant for eight years and now under a Republican administration they are being brought to justice.

Deal with it.

Yea, Clinton, Bush Sr., Carter, Ford, Nixon, Reagan, They all did. You Deal with it.

The point is, the problem is now being dealt with. That's a good thing and you die-hard Bush bashers just have to deal with it. But you can't, can you?

Yep, have to deal with it........... until November.

 

[etech]

Your reply has nothing to do with the point that a Republican administration is finally dealing with this problem. Why can't you just admit that?

 

[dmcowen674]

Originally posted by: etech
Your reply has nothing to do with the point that a Republican administration is finally dealing with this problem. Why can't you just admit that?

Sure, that's great but way too late. What's that saying "Too little Too Late", not better late than never.

 

[CWRMadcat]

Originally posted by: dmcowen674

Originally posted by: etech
Your reply has nothing to do with the point that a Republican administration is finally dealing with this problem. Why can't you just admit that?

Sure, that's great but way too late. What's that saying "Too little Too Late", not better late than never.

So then isn't it a moot point? If it's "Too little Too Late", what does that say about presidents that never attempted to address the problem? Why do you even bother to discuss this if in your mind, there's nothing left to be done?

 

[dmcowen674]

Originally posted by: CWRMadcat

Originally posted by: dmcowen674

Originally posted by: etech
Your reply has nothing to do with the point that a Republican administration is finally dealing with this problem. Why can't you just admit that?

Sure, that's great but way too late. What's that saying "Too little Too Late", not better late than never.

So then isn't it a moot point? If it's "Too little Too Late", what does that say about presidents that never attempted to address the problem? Why do you even bother to discuss this if in your mind, there's nothing left to be done?

He's had his chance and blew it in many different ways.

 

[etech]

We know Dave, you are so blinded by hate that you can't even admit when something right is done.

That puts all of your rants in perspective.

 

[dmcowen674]

Originally posted by: etech
We know Dave, you are so blinded by hate that you can't even admit when something right is done.

That puts all of your rants in perspective.

Blinded that I "hate" to see this Country driven into the toilet? If that is being "blinded" then fine.

 

[etech]

Originally posted by: dmcowen674

Originally posted by: etech
We know Dave, you are so blinded by hate that you can't even admit when something right is done.

That puts all of your rants in perspective.

Blinded that I "hate" to see this Country driven into the toilet? If that is being "blinded" then fine.

Nice example of your hate Dave. This is about a Republican administration taking care of business by "bringing more financial fraud cases against big-name, Fortune 500 companies". Now you turn that into "driven into the toilet".

Get some help Dave.

 

[dmcowen674]

Originally posted by: etech

Originally posted by: dmcowen674

Originally posted by: etech
We know Dave, you are so blinded by hate that you can't even admit when something right is done.

That puts all of your rants in perspective.

Blinded that I "hate" to see this Country driven into the toilet? If that is being "blinded" then fine.

Nice example of your hate Dave. This is about a Republican administration taking care of business by "bringing more financial fraud cases against big-name, Fortune 500 companies". Now you turn that into "driven into the toilet".

Get some help Dave.

Why don't you tell world's second Richest Man to get help? :

3-8-2004 Berkshire Profit Doubles, Buffett Attacks Greed

Warren Buffett blasted mutual fund companies, attacked greedy chief executives...

"We hope our taxes continue to rise in the future -- it will mean we are prospering -- but we also hope that the rest of corporate America antes up along with us," said Buffett.

 

[etech]

uhh Dave, this wasn't about taxes.

Nice try at changing the subject.


Get some help Dave, all that anger is going to cause you health problems.

 

[dmcowen674]

Originally posted by: etech
uhh Dave, this wasn't about taxes.

Nice try at changing the subject.

Get some help Dave, all that anger is going to cause you health problems.

Yet, Corp Thugs like Top Enron Brass are on the Hot seat and a Rich White woman Multi-millionaire is going to jail, who has the health problem???

 

[etech]

I'd say the bad guys are getting what they deserved and you can't admit that it is happening under a Republican admistration and is a good thing.

You have the problem of denial and it is going to eat you up from the inside and cause you problems. Get some help.

 

[dmcowen674]

Originally posted by: etech
I'd say the bad guys are getting what they deserved and you can't admit that it is happening under a Republican admistration and is a good thing.

You have the problem of denial and it is going to eat you up from the inside and cause you problems. Get some help.

You're cracking me up. Denial of what?

 

[dmcowen674]

Only complete and total Bankruptcy closure makes CEO's lose some of their giant salaries and Bonuses:

3-14-2004 Bankruptcy Court Reduces FAO Execs Bonuses

WILMINGTON, Del. - The judge overseeing the liquidation of FAO Inc. Friday approved pared-back bonuses for executives of the toy retailer that plunged into bankruptcy twice in 2003.

The trustee said paying bonuses to FAO executives would reward them for successive failure at the cost of creditors.

Rosenthal also lowered the requested $235,000 bonus for Jerome Kollar, who is FAO's senior vice president of finance and designated "last man standing" as the retailer collects its cash for creditors.

The judge approved a $78,000 bonus but said Kollar may come back to request more
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I can't even post the rest of the numbers, it's too fuggin disgusting, RBC Thugs.

 

[dmcowen674]

This should be Criminal charges but no these Thugs will get a slap on the wrist:

5-17-2004 9 Top Lucent Corporate Employees Charged by SEC for Accounting Fraud

The civil case dates back to the company's fiscal year 2000, during which the U.S. Securities and Exchange Commission charged Lucent, one of the world's largest suppliers of telecoms gear, with fraudulently and improperly recognizing sales of $1.15 billion and $470 million in pretax income.

Lucent finalized a settlement and will pay a $25 million civil penalty in the case for failure to cooperate with government investigators. It was the largest penalty ever imposed by the SEC against a company for failing to cooperate.

Under the deal, which includes three of the former employees, the Murray Hill, New Jersey-based company does not admit or deny the allegations, the SEC said. The agency said it will pursue the charges against the remaining seven defendants.

The defendants include current and former Lucent employees Nina Aversano, Jay Carter, Leslie Dorn, William Plunkett, John Bratten, Deborah Harris, Charles Elliott, Vanessa Petrini and Michelle Hayes-Bullock, as well as former WinStar employee David Ackerman.

In addition to Lucent's fine, Plunkett, Harris and Petrini will pay penalties of $110,000, $100,000 and $60,000, respectively, the SEC said. Plunkett has been permanently barred from acting as an officer or director of a public company, while Harris is barred for five years. Petrini will give back $109,505 in profits related to the conduct in the complaint, as well as $23,487 in interest.

 

[dmcowen674]

Latest Corporate Thug:

5-20-2004 Former VP & executive assistant to CEO of Enterasys Networks one of several former top executives charged with conspiring to inflate the company's revenue at a cost of $1.3 billion to investors.

Gayle Spence, 45, of Newfields, N.H., left, leaves U.S. District Court in Concord, N.H., on $50,000 unsecured bail Thursday, May 20, 2004, after she pleaded not guilty to federal fraud charges. Spence, former vice president of internal sales and executive assistant to the CEO of Enterasys Networks Inc., was one of several former top executives charged with conspiring to inflate the company's revenue at a cost of $1.3 billion to investors.

 

[dmcowen674]

Texas Oil Exec starts sentence of 24 yrs for fraud:

5-20-2004 Former Dynegy Inc. executive Jamie Olis, left, leaves the federal courthouse with his wife Monica and baby daughter after his sentencing hearing Olis surrendered to a low-security federal prison in Texas on Thursday, May 20, 2004, to begin serving a sentence of more than 24 years.

 

[Orsorum]

I'm not even sure how the issue of administrations came into this thread, but seriously Dave, just admit that you're attempting to divert attention from the real issue.

 

[chess9]

Disney's parks here in Orlando and very full. I'm amazed that people will pay the prices they pay for admittance. And, the entry fee is just the beginning. Try to get out of the park with your kids without buying lunch and souvenirs! If you take two kids to Disney for the day with two adults you will spend at least $250, and probably closer to $400.

My training partner is doing the Half Ironman at Disney this Sunday and the prices are horrific. I believe his entry fee alone was around $200. (For that you get to commit attempted suicide for 4.5-6 hours)

Incredible.

-Robert