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However, previous white-collar criminals have received far stiffer sentences that Sorkin's proposed 12-year term. Adelphia Communications' former finance chief Timothy Rigas is serving a 20-year term; former WorldCom chief executive Bernard Ebbers, who was 63 at the time of his sentencing, was given 25 years; and...
If Marchionne gets mirror results, he'll make two governments and a union very happy. Fiat's auto unit, after 17 consecutive quarters of losses, finally turned a profit in 2005. The time to market for its cars has dropped from four years to 18 months.
In his first memo to Chrysler employees, Marchionne talked about that record. "Five years ago, I stepped into a very similar situation at Fiat. It was perceived by many as a failing, lethargic automaker that produced low-quality cars and was stymied by endless bureaucracies," he wrote. Giving his version...
The Basij, or Basijis - the paramilitary volunteer force developed by the Islamic republic to protect the Islamic revolution from civil disturbances like the kind that have occurred these past weeks - have had an overwhelming presence on Tehran's streets, often setting up roadblocks to check cars and detain people they...
As a result, the bill will achieve most of its stated carbon cuts through offsets and through improving energy efficiency, rather than encouraging the growth of low-carbon renewable electricity. Energy efficiency is an important low-hanging fruit, and the bill will significantly slow the growth of U.S. electricity consumption...