Word: jails
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...future as long as there are no guarantees given. In other words, CEOs are allowed to guess without getting into trouble as long as they do not turn their guesses into formal forecasts. In the world of corporate governance it is one of the great "get out of jail free" cards...
...pride of saying I have this job and because of it I have this car. I have this job and because of it I have custody of this car but the bank is paying somebody else for, and if they ever come calling I'm gonna go to jail. It's really a s--- life I think we're living right now. I feel bad for people because I see it on their faces all the time. So that's really more of what it was about. I didn't mean to say, "We're a s--- generation." I meant...
...hard to avoid the conclusion that some of these men - and they are almost all men - belong in jail. But most were too shrewd to cross legal lines; they just danced along them, lingering in the loopholes, playing us for suckers. Now the damage is done, and it's easy enough for them to hide in the complexity of a system few of us understand - a system created by collective irresponsibility. But recklessness is a form of intent, and when the damage is measured in families disfigured by a sudden fear of the future, and parents haunted by the debts...
...ticking, figuring out what to do about recovery, both from taxes and from the Securities Investor Protection Corp. (SPIC), has become a mind-boggling maze for accountants and their Ponzi-victim clients. At a hearing yesterday, Madoff pleaded guilty to his decades-long crime, was handcuffed and ordered to jail. Sentencing is scheduled for June, but he could potentially be sentenced to 150 years on 11 counts. (Read "The Madoff Hearing: A Guilty Plea, but No Catharsis...
...hectares) to physic-nut cultivation, pressuring many ordinary citizens into a massive forced-planting campaign, according to human-rights groups. While my friend has enough money to pay for the mandatory seeds, many other Burmese aren't so lucky. Those who refuse to farm physic nut face possible jail time. By the end of 2008, the nation's top brass aimed to have 8 million acres (3.24 million ha) of jatropha scattered across Burma, some in vast plantations run by foreign companies, others wedged into home gardens or between shacks. (See pictures of Burma after Cyclone Nargis...