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    • Enron sentence roundup

      Posted by SoxFirst

      So Richard Causey, Enron's former chief accounting officer, has been sentenced to 5 1/2 years for his role in the scandal, 18 months less than the seven year maximum he agreed to serve when he did the last-minute plea in December to avoid trial. Andy Fastow, who also got a reduced sentenced and lowered the bar for the rest.

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    • Grasso takes aim

      Posted by SoxFirst

      Former New York Stock Exchange chairman Richard Grasso has told a state appeals court that he will challenge last week's ruling from Justice Charles E. Ramos that he return as much as $100 million in compensation. And pundits are saying he’ll probably emerge victorious.

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    • The Grasso decision: is it really a turning point?

      Posted by SoxFirst

      New York Attorney General Eliot Spitzer won a stunning court victory last week to overturn former New York Stock Exchange chairman Dick Grasso's outsized $187 million pay package and commentators say it was a shot in boardrooms across America and that The days of pouring other people's money into the pockets of CEO's without justification are over. But closer examination of the facts suggests it’s no turning point.

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    vard

    Member since Dec 2008

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