Magazine article from our research archive:
|
|
WHAT ENRON/WORLDCOM REALLY MEANS FOR DIRECTORS
- Article from:
-
Bank Director
- Article date:
-
April 1, 2005
- Author:
-
|
Copyright informationCopyright Bank Director Second Quarter 2005. Provided by ProQuest LLC. (Hide copyright information)
|
News that outside directors agreed to pay a combined $33 million in out-of-pocket legal settlements for their roles in the collapses of Enron and WorldCom has set off a buzz of concern in director circles, and with good reason. That presumably smart people with good legal advice decided they were better off paying than fighting shatters what was once an article of faith: that, while they can and will get sued, directors would never have to open their own wallets for lapses that occur on their watches.
Do directors -particularly bank directors-have anything to fret about?
The legal experts are quick to note that Enron and WorldCom were exceptions, and they're probably right. In both cases, ...
Related newspaper, magazine, and journal articles:
|
ASSEMBLYWOMAN CASAGRANDE, ASSEMBLYMAN O'SCANLON: NEW YORK MUST TO...
US Fed News Service, Including US State News;
November 7, 2008 ;
264 words
......project is receiving from the State of New York. "It is unacceptable that New Jersey...percent to an $8.7 billion project and New York is contributing nothing," stated O'Scanlon (R - Monmouth, Mercer). "New York City will benefit from this project...
|
|
Verizon Expands FiOS in New York
Wireless News;
November 16, 2008 ;
242 words
...Verizon Expands FiOS in New York WIRELESS NEWS-November 16, 2008-Verizon Expands FiOS in New York (C)2008 10Meters - http://www.10meters.com Verizon announced that residents of three more New York communities have approved agreements that...
|
|
Boys Town New York to Honor Korn/Ferry International Chairman Paul Reilly...
PR Newswire;
November 12, 2008 ;
420 words
......Leader to Receive Career Achievement Award NEW YORK, Nov. 12 /PRNewswire-FirstCall/ -- Paul...International, will receive Boys Town New York's Career Achievement Award at the charity...gala, Mr. Reilly visited the Boys Town New York Treatment Family Home for boys, which...
|
|
Dallas Mavericks v New York Knicks
Getty Images (by Event) Individuals;
November 16, 2008 ;
88 words
...Dallas Mavericks v New York Knicks Full Size JPG (954 KB) NEW YORK - NOVEMBER 16: Director Spike Lee (L) talks with New York Giants player Brandon Jacobs on the sideline during the game between the Dallas Mavericks and the New York Knicks on November...
|
|
Volterra to Present at Stephens and UBS Conferences in New York
Wireless News;
November 13, 2008 ;
215 words
......Present at Stephens and UBS Conferences in New York WIRELESS NEWS-November 13, 2008-Volterra...Present at Stephens and UBS Conferences in New York (C)2008 10Meters - http:// www.10meters...Conference on Wednesday, November 19 in New York. The two executives will also be presenting...
|
|
Oklahoma City Thunder v New York Knicks
Getty Images (by Event) Individuals;
November 14, 2008 ;
79 words
...Oklahoma City Thunder v New York Knicks Full Size JPG (483 KB) NEW YORK - NOVEMBER 14: Jeff Green #22 of the Oklahoma City Thunder dunks the ball against the New York Knicks on November 14, 2008 at Madison Square Garden...
|
|
2008 New York Stage And Film Gala
Getty Images (by Event) Individuals;
November 10, 2008 ;
42 words
...2008 New York Stage And Film Gala Full Size JPG (897 KB) NEW YORK - NOVEMBER 10: Actress Kyra Sedgwick attends the 2008 New York Stage and Film Gala at Capitale on November 10, 2008 in New York City. (Photo by Scott Wintrow/Getty Images) Copyright (c) 2008 Getty Images
|
|
Boston Bruins v New York Rangers
Getty Images (by Event) Individuals;
November 15, 2008 ;
50 words
...Boston Bruins v New York Rangers Full Size JPG (912 KB) NEW YORK - NOVEMBER 15: Zdeno Chara #33 of the Boston Bruins passes the puck under pressure from Blair Betts #15 of the New York Rangers on November 15, 2008 at Madison Square Garden...
|
|
Edmonton Oilers v New York Rangers
Getty Images (by Event) Individuals;
November 10, 2008 ;
47 words
...Edmonton Oilers v New York Rangers Full Size JPG (775 KB) NEW YORK - NOVEMBER 10: Ales Hemsky #83 of the Edmonton Oilers skates by Wade Redden #6 of the New York Rangers on November 10, 2008 at Madison Square Garden...
|
|
SEN. CLINTON WELCOMES DISASTER DESIGNATIONS FOR CENTRAL NEW YORK COUNTIES...
US Fed News Service, Including US State News;
November 7, 2008 ;
222 words
......announcement from the U.S. Department of Agriculture designating 21 New York counties as natural disaster areas, including seven counties in Central New York. Severe weather across New York in early May caused significant production losses in the state...
|
|
CITY ECONOMIC DEVELOPMENT CORPORATION, PORT AUTHORITY OF NEW YORK, NEW...
US Fed News Service, Including US State News;
November 10, 2008 ;
700+ words
...The New York City Economic Development Corporation issued the following press release: New York City Economic Development Corporation (NYCEDC), along with the Port Authority of New York and New Jersey and CSX today announced introduction...
|
|
Capital One Bank to Host Take Your Kids to the Bank Day in New York.
PR Newswire;
November 13, 2008 ;
685 words
......author to provide a reading of her book NEW YORK, Nov. 13 /PRNewswire/ -- As concerns about...Capital One Bank branches throughout the New York City area. Given recent economic pressures...Bank to bring to the boys and girls of New York City the lessons of Alexander's spendthrift...
|
|
YEAR-2008Clouds roll in over the Statue of LIberty in New York...
Getty Images;
November 16, 2008 ;
75 words
......roll in over the Statue of LIberty in New York... Full Size JPG (1690 KB) YEAR-2008Clouds roll in over the Statue of LIberty in New York on October 1, 2008. The statue was presented...in 1886. Standing on Liberty Island in New York Harbor, it welcomes visitors, immigrants...
|
|
BATAAN ARRIVES FOR NEW YORK PORT VISIT
US Fed News Service, Including US State News;
November 6, 2008 ;
250 words
......Nearly 1,500 Sailors and Marines arrived in New York City Nov. 5 aboard the multi-purpose amphibious...enjoy the food, shopping and sights of New York. While in port, Bataan's Sailors and the...in Veteran's Day events, including the New York City parade, host tours on board the ...
|
See all results.
Or, try our
Advanced Search.
|