Archive for August, 2006

Corporate Fraud Task Force

by Pamela Skillings     Send to a friend Send to a friend


Yesterday, the U.S. Department of Justice released some interesting stats on the activities of the busy bees in the agency’s Corporate Fraud Task Force since its creation in July of 2002.

 

  • More than 1,000 corporate fraud convictions

 

  • More than 100 convictions of CEOs and presidents in relation to 600 filed corporate fraud cases

 

  • Conviction of more than 30 CFOs and 100 Vice Presidents

 

  • Greatest hits including: Enron’s Jeffrey Skilling and Ken Lay, Worldcom’s Bernard Ebbers, and Adelphia’s John Rigas.

Think the hubbub around corporate fraud is dying down? On Wednesday, three execs from Comverse Technology were indicted for alleged securities fraud. The adventure continues.

 

Popularity: 2%


Can Money Buy Happiness?

by Pamela Skillings     Send to a friend Send to a friend


Everyone knows that money doesn’t guarantee happiness, but Suze Orman’s recent column makes some excellent points about how much easier it is to smile when you aren’t worrying about making ends meet.

 

This is a major reason why people stay in corporate jobs they hate. They’re worried that their real career dreams won’t pay the bills and they’ll end up living in a van down by the river. But how much money do you really need to be happy?

 

Do you need enough for a fancy car and a McMansion or are you okay with making some material sacrifices to follow your dream career? Everybody has different needs and priorities. I strongly believe that you can have both a career you love and a decent income.

 

I know many people who are living this dream. Sometimes it requires going through some lean periods or putting up with a job you’re not crazy about long enough to sock away some savings. For others, it means balancing money-making with dream-pursuing in creative ways.

 

But it can be done — whether you’re inside Corporate America or following your own path.

 

Popularity: 5%