Word: scandal
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...There has also been mixed success with legislating clawbacks. The 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...
...brash, freewheeling nationalist given to political gaffes (he has joked about Alzheimer's disease and said he wanted Japan to be an attractive destination for "rich Jews"), Aso, 68, cuts a sharply different figure from his dour predecessors, Shinzo Abe and Yasuo Fukuda--whose tenures were dogged, respectively, by scandal and partisan gridlock. A former Olympic sharpshooter and an avid fan of manga comics, he has stressed energizing Japan's flagging economy but must overcome voter disaffection with his long-ruling Liberal Democratic Party...
...China Milk Recall: How It Happened A manufacturer at the center of China's latest food scandal knew its milk was making babies sick months before the company went public, according to a recent report on state television...
...mask the fact that stale dialogue and flat storylines will ruin a movie, whatever its aim may be. Director Dibb’s offering isn’t terrible—but it isn’t great either. If you want light entertainment and social scandal, an “OC” box set is likely to give you more satisfaction—if you can do without the powdered wigs. —Staff writer Betsy L. Mead can be reached at emead@fas.harvard.edu...
...made a career out of being the naysayer opposition party to the LDP, and has recently had some success in eroding public support for its political rival, capitalizing on issues like a problem with pensions in which millions of dollars in public money disappeared, and a tainted rice scandal involving the Ministry of Agriculture. The DPJ won the Upper House elections last year, the first time an opposition party has won that house's majority since the LDP's establishment in 1955, and now hopes to take the reins of power in both houses of the Diet...