Free Republic

I have created a public register of "bump lists" here on Free Republic. I define a bump list as a name listed in the "To" field used to index articles. Free Republic Bump List Register

<p>Verizon Communications Inc., the country's largest local phone company, is waging an unprecedented campaign to derail MCI's pending emergence from bankruptcy and drive it instead into liquidation.</p> <p>Verizon's chances of succeeding with its highly unusual tactics are slim because 90% of the creditors of the company, formerly known as WorldCom Inc., have voiced support for the reorganization plan. That will weigh heavily with the bankruptcy judge overseeing the case. MCI's chairman and chief executive, Michael Capellas, has said he hopes the company will emerge from reorganization as early as September.</p>

With a cast of characters including a former prime minister, some of the richest executives in France and Germany, Paris' biggest-ever corporate crime trial continued this week with 37 defendants in the dock. France's largest-ever corporate corruption trial resumed in Paris this week with more drama than your average Mexican soap opera. The case offered further tales of illicit backroom dealing, a €5 million divorce settlement tab picked up by French taxpayers and allegations that a former French prime minister accepted bribes in connection with a string of acquisitions made by the state-owned French oil conglomerate Elf Aquitane in the...

ZURICH, Oct 4 (Reuters) - Credit Suisse (CSGZn.VX) insisted on Friday it was adequately capitalised, hoping to quash fears it might need to raise fresh capital which sent its ailing shares down over 15 percent to their lowest in over nine years. "Due to the drop in its share price yesterday and today, Credit Suisse Group wishes to announce that it is not aware of any objective reasons prompting this development," Switzerland's second-largest financial conglomerate said in a brief statement. "The group's present capital resources remain adequate, and as stated before, no capital increase of the group is planned," it...

Wall Street powerhouse Goldman Sachs gave officers or directors of 21 favored investment banking clients access to lucrative initial public offerings it managed, said a congressional committee on Wednesday in a scathing report Goldman slammed as "rubbish." The so-called "spinning" of IPOs by Goldman occurred from 1996 to 2000 and allowed numerous high-profile corporate executives to reap hefty profits from new, red-hot, mostly technology and telecommunication issues, said the report from the House of Representatives Financial Services Committee. Among those who received the IPO share access from Goldman were former Enron Corp. Chairman Kenneth Lay and former Tyco International chief...

Cato Policy Analysis No. 293             December 29, 1997 THE MOUNTING CASE FOR PRIVATIZING FANNIE MAE AND FREDDIE MAC by Vern McKinley Vern McKinley has worked as a financial analyst for various federal financial agencies including the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Resolution Trust Corporation. He is currently an attorney in Washington, D.C. The views presented are his own. Executive SummaryTwo of the largest government-sponsored enterprises (GSEs), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), receive government subsidies estimated to be worth $6 billion. Of that total, an...

<p>AUSTIN, Texas (AP) The state's accounting board filed a notice Thursday to revoke Arthur Andersen LLP's accounting license in Texas because of its role in Enron Corp.'s collapse, the board's executive director said.</p> <p>The Texas State Board of Public Accountancy also is asking for at least $1 million in fines and penalties.</p>

I am migrating various files I have accumulated on "Friends of Bill"- you all recall that One-Man Crime Wave who has thankfully become history?... and I am posting them here for all to see and use.Feel free to copy, re-send, and otherwise disseminate anything you care to.I apolgize for any weird formatting; they worked OK when compiled, but changes in the board sometimes cause strange problems with older files of links. Some links may be dead, they are FYI, FWIW.Bear in mind you too can create similar lists using these:HotBot Description: An advanced search engine. There are many configurable options,...

For education and discussion only. Not for commercial use. WASHINGTON -- A corporation can't be handcuffed and hauled off to jail, but it can be charged with a crime. A company can even face an execution of sorts, if the charges lead to an overwhelming fine or bad publicity that destroys the business. Lawyers for Arthur Andersen, the top-drawer accounting firm charged with obstructing justice in the Enron case, have argued that by indicting the company, the Justice Department is imposing the death penalty. With Andersen already staggering from damage to its reputation, that could be true. More often, when...

NEW YORK: Pharmaceutical giant Merck & Co. dumped Andersen as its auditor after a 30-year association on Friday, as the beleaguered accounting firm agreed to pay $217 million to settle a malpractice suit. The settlement, the second-largest by a Big Five accounting firm, averted a trial set to begin Monday in an Arizona superior court over allegations Andersen failed to disclose financial wrongdoing by former managers of a trust for the bankrupt Baptist Foundation of America. The foundation alleged Andersen was negligent, even after a series of whistleblowers alerted the firm to the fraud. Andersen admitted no wrongdoing and said ...

For education and discussion only. Not for commercial use. CHICAGO -- Blue-chip corporations have joined the increasing exodus of clients from Arthur Andersen LLP, including Delta Air Lines on Thursday, intensifying questions about whether the accounting giant can survive the Enron scandal. Delta's firing of Andersen as its auditor after 53 years came a day after Freddie Mac took the same action. Including recent defections by Merck Inc. and SunTrust Banks, Andersen is known to have lost about three dozen public companies as auditing clients this year. That's just a small percentage of its total U.S. public audit clients -- ...

For education and discussion only. Not for commercial use. BOSTON -- An alleged conflict of interest has led to calls for a shake-up at the Harvard Business Review. Some magazine staffers have demanded the resignation of Editor Suzy Wetlaufer after she acknowledged a relationship with an interview subject, former General Electric Co. Chairman Jack Welch. After Wetlaufer interviewed Welch, she told Walter Kiechel, editorial director of Harvard Business School Publishing Co., that she had grown too close to Welch and recommended that her article be scrapped. Kiechel said he agreed, and reassigned the article. Senior editors Diane Coutu and Harris ...

<p>There's a staff mutiny afoot at the vaunted Harvard Business Review.</p> <p>Four top Review editors have written letters to the editorial director of Harvard Business School's publishing operation, seeking the resignation of their boss, Editor Suzy Wetlaufer. Citing perceived ethical breaches by Ms. Wetlaufer, some of the letter writers said she had lost the confidence of a majority of the magazine's top editors.</p>

<p>Alcoa Inc. Chairman Alain J. P. Belda asked the company's board of directors in January to cut his 2002 salary by 20 percent — to set an example for how the company should operate "during challenging business conditions."</p> <p>Belda also asked for, and received, a 10-percent reduction in salaries for all executives who directly report to him for 2002.</p>

For education and discussion only. Not for commercial use. CLEVELAND -- The co-founder of the company that makes Mr. Coffee filed a billion-dollar lawsuit Thursday against two firms that employed a broker suspected of cheating clients out of $277 million. Samuel Glazer's lawsuit in U.S. District Court accuses Lehman Brothers Inc. and SG Cowen Corp. of allowing Frank Gruttadauria to conduct the 15-year scam "through greed, carelessness or both." The lawsuit asks for $500 million in punitive damages against each firm and $40 million in lost money. It accuses the firms of fraud, breach of fiduciary duty, negligence, breach of ...