Cerebral Shangrila

Saturday, July 30, 2005

The World of Finance -- Crime & punishment

I get this weekly email newsletter titled " This Week in Finance" from CFO.com ( Which is run by The Economist) . This week's email looked like a federal indictment letter. The law finally seems to be catching up with the once " high and famous" .

Here is a sample : Ex-CFO of WorldCom to Forfeit Estate, Former Qwest Exec to Pay $2.1 Million, Judge May Lighten Cendant Prison Term, Sallie Mae Fires Divisional CFO, Former Netopia CFO Receives Wells Notice .


  • All these idiots deserve even more.! For swallowing people's money.!

    Thanks for all the links.!

    By Blogger Narayanan Venkitu, at 9:48 AM  

  • I admire the US Legal system ..

    By Blogger Cogito, at 11:15 AM  

  • think about india!!!

    even a small finance company's owner couldn't be convicted for a crime (in most of the cases)

    then only you can talk about the leading lights of corporate world....

    By Blogger Ram C, at 11:55 AM  

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