10 Ex-Directors From WorldCom to Pay Millions
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Ten former directors of WorldCom have agreed to pay $18 million of their own money to settle a lawsuit by investors.
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Former directors of WorldCom Inc.  have agreed to settle investors' claims that they failed to  properly control the telephone company's finances, the lead  plaintiff in the class action case said on Wednesday.
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Former execs had been charged with fraudulent wire communications, identity theft and conspiracy.
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A federal judge has not yet approved the deal announced this month under which 10 former WorldCom directors agreed to pay 20 percent of their combined net worth -- around $18 million -- to settle their part of the shareholder lawsuit.
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Microsoft details the compensation paid to its top executives.
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Two former network heads signed a deal to provide programs across all the companyâs television channels.
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A former Charter Communications Inc. executive left jobless when the nation's third-largest cable television provider eliminated his position without explanation last month will collect nearly &#36;600,000 in severance, the company announced Friday.
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Three former executives of the Countrywide Financial have agreed to plead guilty to charges they conducted insider trading.
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Former WorldCom CEO Bernard J. Ebbers has been charged with conspiracy, securities fraud and making false regulatory filings in connection with a US$11 billion accounting fraud at the company, the largest in US history.
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Two former directors at Putnam Investments have agreed to pay $400,000 each to settle charges that they had engaged in improper trading.
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CanWest Global Communications Corp. has hired five top executives of US media companies including former vice-presidents of Time Warner, the New York Times and Playboy magazine in an apparent bid to boost its convergence play.
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NEW YORK, Sept. 29 -- Federal prosecutors told a judge in a filing late Tuesday night that they have evidence that former WorldCom Inc. chief executive Bernard J. Ebbers knew company officials had improperly tinkered with the telecommunications firm's accounting to boost its publicly reported profits.
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A landmark settlement that had 10 former WorldCom directors agreeing to pay $18 million from their own pockets was scuttled on Wednesday.
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News Corp chief executive and chairman Rupert Murdoch received a bonus worth $US12.5 million for the year to June 30, 2004, taking his total remuneration to more than $US20 million.
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Qwest executives made hundreds of millions of dollars by selling their shares while the company made what the Securities and Exchange Commission on Thursday
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KPMG (KPMG.UL: Quote, Profile, Research) will pay $10 million -- the largest payment ever by an accounting firm in a US Securities and Exchange Commission action -- to settle charges of improper conduct while auditing Gemstar-TV
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The head of a technology industry trade group that for years encouraged aggressive legal action against Microsoft Corp. for antitrust violations personally received nearly $10 million as part