ESG Archive

Jan 31, 2012
The world’s largest manufacturer of commercial jets has agreed to pay nearly $4.4 million to settle a whistleblower lawsuit that stemmed from improper billing practices, according to the Pittsburgh Post-Gazette. Allegedly, the aerospace and defense company tampered with...
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Jan 19, 2012
Cynthia Baldwin, the PSU’s first general counsel, announced that she is stepping down. Baldwin has held the position of vice president, general counsel and chief legal officer since January 2010, the university says. At that time, Baldwin was expected to be in the position temporarily while the school’s new legal department gained some ground. Once established, the search for a permanent general counsel would ensue. ...
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Jan 09, 2012
It seems that there is no end in sight for the drama surrounding the scandal-ridden camera manufacturer, Olympus.  The Japan Times reports that Shuichi Takayama, the company’s president, plans to step down by the end of January, after a report was released by an in-house investigative panel which found that more than 10 people — including ...
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Jan 06, 2012
Scott Peden, general counsel, and two other executives of Life Partners Holdings (LPI) are being investigated by the SEC for defrauding shareholders in life settlement deals, Bloomberg Businessweek reports. The commission has filed a suit against LPI, a life settlement and viatical provider, Brian Pardo, chairman and chief executive, David Mart...
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Dec 13, 2011
Billionaire hedge fund leader Phillip Falcone, Omar Asali, president, and Robin Roger, general counsel, all received Wells Notices from the staff of the federal watchdog. The Wall Street Journal is reporting that the agency is investigating whethe...
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Nov 21, 2011
Getting an internal investigation right can save a company from an otherwise aggressive outside prosecution; getting it wrong can be deeply damaging. A vivid example of a company getting it wrong is Rupert Murdoch’s News of the World, which touted its 2007 internal investigation as proving that phone-hacking was ‘not widespread’, accordi...
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Nov 17, 2011
The SEC is currently working with whistleblowers who are claiming that Bank of New York Mellon and State Street unlawfully charged customers for currency trades. According to the Wall Street Journal, both banks have denied any wrongdoing but the whistleblowers are trying to cash in on possible bounties from the federal watchdog. ...
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Nov 16, 2011
It is commonly perceived that chief sustainability officers (CSO), senior executives and in some cases corporate secretaries are the ones responsible for a company’s sustainability initiatives. But as sustainability issues and financial performance have begun to intertwine, chief financial officers are now rolling up their ...
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