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...phone without a corporate chaperone listening in, and e-mails between their departments automatically bounce back. The compensation committees of public companies must now be composed of independent directors, reducing the chances for cronyism. There's legal basis for forcing executives to give back bonuses when accounting fraud is proved. Mutual-fund fees are coming down. And the Grasso flap is riveting attention on the thorniest issue of them all, one that seems unlikely to be resolved in a definitive way: Just how much is a CEO worth...

Author: /time Magazine | Title: The Rumble Over Executive Pay | 5/31/2004 | See Source »

...leaving the company with only $800 million, while former CEO Mikhail Khodorkovsky remains in jail on fraud charges widely thought to have a political motive. Not surprisingly, Yukos stock had fallen 10.7% by the end of the week. Says Mikhail Krutikhin, an analyst with RusEnergy: "My clients now have just a single question left. Who gets Yukos, once it bankrupts?" Apparently there is an answer. "We know that the successor has been picked - we still don't know exactly [who it is]," says a senior Russian Cabinet official. "The person does not matter, though. It's the type that does...

Author: /time Magazine | Title: Biz Watch | 5/30/2004 | See Source »

...parliamentary polls in April by the pro-Roh Uri Party. After being reinstated, Roh apologized for the corruption scandals involving his aides. Contested Polls THE PHILIPPINES Challenger Fernando Poe Jr. contested exit polls suggesting that incumbent Gloria Macapagal Arroyo had won the presidential election, and accused Arroyo of electoral fraud. One For The Road BRAZIL The government withdrew an expulsion order against New York Times correspondent Larry Rohter. The government said Rohter had apologized for a story he wrote suggesting President Luis Inácio Lula da Silva's drinking habits were a matter of national concern. The Times denied...

Author: /time Magazine | Title: World Watch | 5/16/2004 | See Source »

...terrorists and criminals hiding in New Zealand or using its passport as cover abroad? A spate of scandals has Kiwis wondering - and worrying. The jailing of a refugee accused of terrorist ties, a citizenship ban on three New Zealand residents, passport fraud charges against two Israeli visitors and a local immigration agency, and a forgery scam that's compromised hundreds of Kiwi passports have made border security a topic nearly as talked-about as rugby. Amid calls from New Zealand First M.P. Ron Mark to "act to protect this country before it is too late," and pleas from Progressive...

Author: /time Magazine | Title: Law and Borders | 5/12/2004 | See Source »

...vote held on March 20 were legal, objective and fair. If many of us who oppose President Chen Shui-ban could believe that his election was honest, we would accept our defeat, determined to come back again in another four years. But we think the election was tainted with fraud, misconduct and irregularities, not to mention the failed assassination attempt on the President. Many Taiwanese are angry and vexed that we were stripped of our right to an honest and unbiased election. Alex H. Shah Taipei...

Author: /time Magazine | Title: Letters | 5/10/2004 | See Source »

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