Asbestos: series tells story behind product liability problems

Article Abstract:

Wall Street had developed a sudden fixation on asbestos liability, something that Georgia-Pacific company had no shortage of. Although the company had plenty of insurance for asbestos liability, a string of asbestos-related bankruptcies and eye-popping trial verdicts led the investors to slash one-third off the company's stock price.

author: Bond, Patti
LUMBER AND WOOD PRODUCTS, Forest products, Human resource management, Risk factors, Georgia-Pacific Corp., GP, Forest products industry, Liability insurance, Company personnel management, Asbestos in building, Asbestos building materials

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Executive profits: stock options and side deals mean millions for managers as Qwest stock takes dive

Article Abstract:

Joe Nacchio, former Qwest Chairman and CEO, undervalued the stock of Qwest Communications at $45 per share. Nacchio made it easy for the savvy investor to understand the trend of earning profits and collected some 32 million dollar from the stock of his company.

author: Kilzer, Lou
Communications, Broadcasting and Telecommunications, Telephone Communication, Securities issued, listed, Stock Options, Management Compensation, Telecommunications services industry, Telecommunications industry, Influence, Communications industry, Securities, Executive compensation, Qwest Communications International Inc., Company securities, Nacchio, Joe

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Extension public records search leads to pension fund fraud stories

Article Abstract:

Boston Herald published two series detailing the public transit employees' pension fund that gave 7 million dollar in loans to a arsonist, wherein the arsonist provided kickbacks to the executive director and the chairman of the pension fund.

author: Meyers, Jack
Pensions, Transport workers

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subjects list: United States, Compensation and benefits
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