Word: scandalizer
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...Levin flatly apologized to advertisers, in particular by practically promising to commit ritual suicide for having decided, last year, to focus on scripted rather than reality shows. "We will never make that mistake again," he pledged, mustering as much contrition as an entire administration did over the Abu Ghraib scandal...
Inside the Scandal What went wrong and who's to blame for turning Iraq's Abu Ghraib prison into a house of horrors...
DEFROCKED. PAUL SHANLEY, 73, once hailed as a hero and dubbed the "hippie priest" for his work with street kids in the 1960s and '70s, but indicted in 2002 for raping four boys in the 1980s. The scandal rocked the Boston archdiocese and the U.S. Catholic Church. Shanley was released on $300,000 bail and awaits trial...
...purges signal that corporate boards and shareholders across Europe are fast catching up with the U.S. in refusing to tolerate scandal, sustained losses or other indications of poor management. In a study published last year of 2,500 publicly traded companies, consulting firm Booz Allen Hamilton found a sharp increase in CEO turnover--and it is Europe's chief executives who are the biggest losers. From 1995 to 2002, the frequency of CEO succession in Europe increased 192%, compared with a rise of just 2% in North America, where company bosses have traditionally enjoyed less job security...
...GlaxoSmithKline cut the pay package of CEO Jean-Pierre Garnier last December after shareholders voted it down at the annual meeting. (He still earned $5 million last year in salary and bonus, a 14% raise.) Even at Ahold, which was in need of a white knight following an accounting scandal last year, the new CEO, Anders Moberg, faced a storm of criticism over his guaranteed $1.68 million bonus for each of his first two years. That was on top of a $1.68 million salary and stock options as well as a hefty exit package. Moberg, a Swede who formerly...