Word: suits
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...mark on an era of brazen payouts. In the last decade there has been a concerted international effort to clamp down on corporate corruption. The U.S. paved the way in 1977 by making it a crime to bribe a foreign official, and in 1997, 35 nations including France followed suit by agreeing to an O.E.C.D. convention that outlaws such payoffs. But the Elf trial is being prosecuted under the laws against embezzlement that applied when the alleged offenses took place. Among other things, under the new laws it is illegal to make payments to foreign leaders, through Swiss bank accounts...
...Enforcement officials at the Securities and Exchange Commission (sec) have recommended that the agency file suit against Becker, 36, and Zimmerman, 32, alleging that the couple illegally traded on insider information about the stocks of Avon Products, Drugstore.com and eBay. The story was first reported on financial-news channel CNBC and was confirmed by sources close to the investigation...
...Trade coffee to the dining halls seven days a week, HUDS is both appealing to the tastes of students and acting in a socially responsible way. As Harvard helps to lead the way in promoting fair market trades, we hope that other college campuses will be encouraged to follow suit...
...boon may be coming soon for both companies: US Airways, which just emerged from bankruptcy protection, has announced that it is negotiating with them and anticipates placing "a significant order in the near future." Other airlines are expected to follow suit as their pilots' unions--which complain that regional-jet pilots earn about one-fourth as much as large-jet pilots--reluctantly agree to relax the ceiling on the number of regional jets the airlines can use. That's just the kind of small thinking the regional-jet rivals need to hear. --With reporting by Sol Biderman/Sao Paulo, Robert Brehl...
...bothers me when you see a player on a program who gets fined because he gets free class home or free trips home, or somebody buys him a suit to go to somebody’s funeral,” said Russ Granik, a graduate of HLS and the deputy commissioner...