U.S. charges ex-KPMG auditor in tips-for-cash scheme
NEW YORK - Authorities on Thursday filed criminal and civil charges against a former KPMG senior auditor who is accused of passing non-public information about five of KPMG's corporate clients to a golfing buddy who traded on the tips.
Found 1 month ago on channel Reuters
United States: Corporate And Financial Weekly Digest - March 29, 2013 - Katten Muchin Rosenman LLP
The Financial Industry Regulatory Authority filed a proposed rule change to amend Rule 8313, which governs the release of disciplinary and other information by FINRA to the public.
Found 1 month ago on channel Mondaq
Firms Scramble to Get a Fix on Chinese Tycoon
Companies in business with Liu Han said they are seeking information about the whereabouts of the Chinese natural-resources tycoon following a Shanghai media report that he had been detained by Chinese authorities.
China Accuses Coca-Cola of Misusing GPS Equipment
BEIJING (AP) — Chinese authorities are investigating whether Coca-Cola Co. employees improperly used location-finding technology in violation of restrictions on map-making. Coca-Cola said Thursday it was cooperating with investigators. It said trucks for some of its bottling plants use location technology that is widely available commercially in China to improve the efficiency of deliveries. Coca-Cola employees in the southwestern province of Yunnan were found improperly using handheld global positioning system devices, the deputy director of the national surveying agency told government radio this week. It was one of 21 similar cases involving companies using GPS devices in Yunnan to “illegally obtain classified information,” said the official, Li Pengde, according to the China National Radio website. He gave no additional details. Beijing tightly controls map-related activities due to both national security concerns and political sensitivities about the location of its borders. Providers ...
8 Business Principles That Never Go Out of Style
Some business principles come and go. A company I worked for started so many game-changing transformational programs and then, like a disgraced member of the Politburo, quickly abandoned and airbrushed them out of our corporate history so we could start yet another “business-critical” program that would be abandoned. We referred to them as the “acronym of the month.” Fortunately, there are some business principles you can use forever: 1. Look past the messenger and focus on the message. When people speak from a position of power or authority or fame, it’s tempting to place greater emphasis on their input, advice, and ideas. Warren Buffett? Yep, gotta listen to him. Sheryl Sandberg? Yes. Richard Branson? Absolutely. That approach works to a point–but only to a point. Really smart people strip away all the framing that comes with the source–both positive and negative–and evaluate information, advice, and input idea based solely on its merits. (MORE: Job Interviews Can Tell ...