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...Sarbanes-Oxley Act, passed in 2002 in the wake of accounting scandals at Enron and other companies, required CEOs and CFOs of companies that have to restate earnings because of financial misconduct to pay back bonuses and incentive compensation. But that provision proved largely ineffective. The SEC didn't bring a case under this provision for four years, and when it finally found success - UnitedHealth's former CEO was forced to pay back more than $400 million worth of stock options gains, unexercised options and retirement pay after a stock options backdating scandal - the courts ruled that shareholders on their...
...don’t understand, Fitz; it’s been a tough month. DFW, first of all. I was going to mention him in my entrance essay; the thinking was that the name-drop might bring some ‘pop’ to an otherwise mundane isle of prose. But it’s so much easier pretending to like Infinite Jest now that its author’s atop the big reading list in the sky. I suffered through half of that thing back in 2005, back when the guy was kicking around Claremont—what...
Timothy L.H. Treuer ’10, an Anchorage native and co-president of the Alaska Klub, said he is excited about Sarah Palin’s ability to bring Alaska into the campus spotlight. “Without making a political statement, I think the Palin pick was an exciting choice in that it will help our club raise Alaska’s profile and try to combat common misperceptions about the state,” Treuer said...
Regardless of political affiliation and partisan politics, Alaska Klub members said they believe the Palin pick will be good for Alaska. “I generally want to bring the spirit of Alaska to Cambridge, and I think this will help,” Treuer said. The Alaska Klub’s upcoming events include “Wasilla Drinks,” when the club will watch the vice-presidential debate between “our beloved Gov. Sarah Palin and that dirty Washington Insider Joe Biden,” as advertised on the club’s Facebook...
...questions in a country that is trying to secure its status as a model Muslim-majority democracy. Will Anwar - a man who once served as deputy prime minister until he had a political falling-out with his mentor and spent six years in jail - be able to bring down a ruling coalition that has governed Malaysia since independence? Or will Najib - the current deputy premier whose reputation has been tainted by the murder trial of his former advisor - take the helm and sustain the National Front's hold on power? Already, Anwar's power play has been dismissed...