Word: scandal
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...that the shares as well as over $4 billion in profits that Starr International has reaped from past AIG stock sales were meant to fund a long-standing deferred-compensation program for AIG employees - a program that Greenberg, 84, halted after his acrimonious ouster from AIG amid an accounting scandal...
...District Court Judge Jed Rakoff, who is hearing the case, has said he wants to limit the case to the facts surrounding the relationship between Starr and AIG. Rakoff says he will not allow jurors to hear testimony about the accounting scandal that led to Greenberg's AIG exit or anything related to the insurance company's recent financial troubles, which resulted in a huge government bailout. Excluding the circumstances of Greenberg's exit may make it hard for AIG to prove that he ended Starr's AIG compensation plan because he was angry he had lost...
...Rome 'Spicy' Affair Stays Hot Allegations by Italian Prime Minister Silvio Berlusconi's wife in early May that he had an improper relationship with an underage model have embroiled the popular leader in scandal on the eve of elections for the European Parliament. Berlusconi has vigorously denied any "spicy" activities with Noemi Letizia, now 18. Meanwhile, authorities have banned publication of photos allegedly showing seminaked women cavorting at his Sardinian villa...
...London Bad News Blears Communities Secretary Hazel Blears became the fourth member of Prime Minister Gordon Brown's Cabinet to resign in a scandal over British lawmakers' lavish expenses that has implicated more than 200 of Parliament's 646 members. The crisis has prompted calls for the embattled Prime Minister's removal and reports of a likely government shake...
...Anderson, who had been Apple's CFO until retiring in 2004. It was Anderson who helped Apple figure out how to buy enough time to execute the turnaround. Anderson had had a terrible falling out with Jobs during the Securities and Exchange Commission's investigation of an options-backdating scandal in 2007. He settled the case without admitting wrongdoing but blamed the CEO for leaving him exposed. Not coincidentally, at about that time, Anderson joined Elevation Partners, a private-equity firm that had invested $325 million to buy a 26% share of Palm. (It now owns 34%.) Thinking that Rubinstein...