For those of you who like me have been watching in disbelief as the accounting scandal engulfing Olympus Corp. has slowly unfolded like a slow-motion train wreck, I am sure you have many questions, but one that occurs to me in particular to ask is – why haven’t there been any lawsuits yet? After all, the company has
The Essential Lessons of the “Faithless Servant”
Accompanying the various print media stories this past week about the latest judicial developments involving jailed former Tyco CEO Dennis Kozlowski was the iconic photo of Kozlowski draping his arms over the shoulders of a couple of beauties at his wife’s infamous $2 million birthday bash on Sardinia.
There’s something about this photo that…
Pressure for Action Against Corporate Officials
News reports about the September 22, 2010 Senate Banking Committee hearing regarding the SEC have focused on the provocative statements by SEC Inspector General H. David Katz. Among other things, Katz suggested that a Texas-based SEC official quashed the investigation of allegations regarding Stanford Financial Group, allowing the Stanford-related Ponzi scheme to continue. Katz also…
Fresh Scandal for a New Year: The “Indian Enron”
2009 has barely just begun but the year’s first corporate scandal, which has quickly been dubbed the "Indian Enron," has already arrived. Your radar might not have picked this one up yet, but you may want to take a quick look at today’s news involving Indian information technology company Satyam Computer Services, Ltd.