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Corporateering Campaign

Fighting Corporateering
News Story
7/10/2002
Posted by Consumer Watchdog
St. Petersburg Times Heard the latest flap over the director of a public corporation who sold his shares for $848,560 just before the company reported heavy losses? This same director served on the company's audit committee, which okayed how to count the sale of a subsidiary. But the SEC later forced the company to restate its books to...
News Release
7/9/2002
Posted by Consumer Watchdog
Proposed California Law Would Punish Executive Silence and Stop Fraud Early On Santa Monica, CA -- President Bush's plan to crack down on corporate fraud placed too much responsibility in the hands of CEOs and will not go far enough to stop financial fraud before it devastates pensioners, employees and investors, said consumer advocates with the...
News Story
7/3/2002
Posted by Consumer Watchdog
CNN TV - LOU DOBBS MONEYLINE ANNOUNCER: This is LOU DOBBS MONEYLINE for Wednesday, July 3rd. Sitting in for Lou Dobbs, Jan Hopkins. HOPKINS: Thank you very much. Lawmakers are struggling to find a way to combat financial fraud, especially after the collapse of Enron and the scandal surrounding WorldCom. So far, Congress has failed to pass...
News Story
7/1/2002
Posted by Consumer Watchdog
The San Francisco Chronicle The state's energy crisis, the collapse of Enron, Arthur Andersen's document shredding and the resulting scandal that cost investors billions of dollars and ordinary citizens their life savings, should have taught us a lesson about financial fraud and the conspiracy of silence that feeds it. Since the unraveling...
News Story
7/1/2002
Posted by Consumer Watchdog
Merced Sun-Star Nobody elected Harvey Rosenfield or Doug Heller or Jamie Court. But on pocketbook issues from insurance rates to electricity policy and health care, their Foundation for Taxpayer and Consumer Rights has now emerged as one of the most significant players in California. The leading companies in those businesses have known the...
News Story
6/26/2002
Posted by Consumer Watchdog
San Gabriel Valley Tribune SACRAMENTO - Legislation narrowly approved last week by the state Senate that would require corporate executives to report a company's suspected illegal activities now faces a tough battle in the Assembly where consumer advocates say many Democrats are more beholden to business interests. Introduced to foil future...
News Story
6/21/2002
Posted by Consumer Watchdog
Senate measure would compel corporate officers to report any illegal activities they hear aboutContra Costa Times SACRAMENTO - Consumer advocates hailed the passage of legislation Thursday that would force corporate officers to report any illegal activities they learn of or face a fine of up to $100,000. The measure, prompted by recent...
News Story
6/21/2002
Posted by Consumer Watchdog
Whistle-blower measure an outgrowth of corporate scandalsThe San Francisco Chronicle Sacramento -- Despite warnings that California could become a land of snitches, the state Senate approved legislation Thursday requiring executives to tell the attorney general about accounting abuses and creating a government hot line for whistle-blowers....
News Release
6/20/2002
Posted by Consumer Watchdog
Corporate Executives To Be Held Accountable for Financial Fraud - New Whistleblower Protections Adopted Sacramento - Today, the California State Senate approved a new bill designed to hold executives, like former Enron executives, accountable for financial fraud that they knew of but did not report. SB 1452 (Senator Escutia - D), sponsored by...
News Release
6/10/2002
Posted by Consumer Watchdog
California Proposal Would Punish Executives Who Remain Silent About Financial Fraud State legislatures will have to take up the issue of corporate accountability and accounting reforms, as federal lawmakers drop the ball, according consumer advocates with the Foundation for Taxpayer and Consumer Rights (FTCR). The New York Times and Reuters...