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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (12057)12/13/2003 2:29:31 PM
From: RockyBalboa  Respond to of 19428
 
2003: Executive Summary
The Year In Scandals
Ari Weinberg, 12.10.03, 7:00 AM ET

This year, some of 2002's ugliest scandals drew toward grim climaxes: ImClone's Sam Waksal headed to jail; Dennis Kozlowski went on trial; HealthSouth's Richard Scrushy was hit with an 85-count indictment. But if investors and regulators thought they could finally breathe easier, they were horribly mistaken. 2003 will be remembered as a year in which a raft of new financial fiascos surfaced, rather than the year that Wall Street finally cleaned up its act.

From Richard Grasso's $188 million paycheck to unethical--and possibly criminal--behavior by the mutual fund industry, there were so many scandals this year that we have created this timeline to help you keep track. Indeed, there was so much misconduct this year that we can't claim that this timeline is comprehensive. Rather, these are the lowlights from an extraordinarily bad year.

Timeline

Feb. 6, 2003
Sprint Ejects Esrey

March 19, 2003
HealthSouth Charged

April 28, 2003
Wall Street Settlement

June 4, 2003
Martha Stewart Indicted

June 9, 2003
Freddie Mac Fumbles

July 23, 2003
Waksal Jailed

Sept. 3, 2003
Mutual Funds Investigated

Sept. 10, 2003
Enron Guilty Pleas

Sept. 17, 2003
Grasso Resigns From NYSE

Sept. 29, 2003
Kozlowski's Trial

Oct. 23, 2003
The Wal-Mart Sting

Nov. 17, 2003
Lord Black Resigns

Nov. 24, 2003
Boeing Cleans House

forbes.com