Sarbanes-Oxley Promised To Protect Investors. It Ended Up Freezing Them Out.
Fraud didn’t disappear after 2002. But IPOs did get rarer, private equity got bigger, and ordinary investors got pushed to the sidelines.
Corporate Scandals
Three Questioned in Libor Scandal
Homes raided in investigation of interest rate manipulation
HSBC to Pay Nearly $2 Billion over Money Laundering Probe
Europe's biggest bank accused of helping facilitate transactions for Mexican drug lords
HP Admits to "Accounting Improprieties" at Software Unit
Will cost company an estimated $8.8 billion
Bank of New York Mellon to Pay for Madoff Fraud
$210 million to clients who have suffered losses
Lockheed Martin Dumps New CEO over Affair with Subordinate
It's a day for awkward sexual declarations
Ex-Goldman Head Gets Two Years for Insider Trading
Revealed boardroom secrets to hedge fund buddy
Goldman Sachs to Pay $14.4 Million in Pay-to-Play Case
Former banker made contributions to Massachusetts treasurer while seeking business
Ex-Hospital CEO Charged with Taking $1.4 Million in Kickbacks
Accused of racketeering and making false statements to the government
Tyco to Pay $27 Million for Bribery Charges
Allegedly bribed officials in more than a dozen countries to win or retain business
The Curse of President Obama's Council on Jobs and Competitiveness
At the next council meeting, Obama could invite employees who have been laid off by his own council members.
