Jeffrey Skilling, the ex-Enron chief executive who was sent to prison in 2006 after being convicted for his role in the energy giant’s collapse, could be freed by the end of the decade after a US judge cut his sentence from 24 to 14 years.
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Wednesday 25 August 2004
Saturday 31 July 2004
Flying Brands, the flowers-to-plants mail order company, signalled yesterday it was back on the acquisition trail six years after its last attempt to expand ended disastrously with multiple profit warnings and trading hiccups.
Saturday 24 July 2004
Martin Broughton belongs to that new breed of super-chairman exemplified by the likes of Niall FitzGerald of Reuters, Dick Olver at BAE Systems and David Varney, who has just moved on from mmO 2 - highly paid but also highly pressured. Mr Broughton's new job at British Airways, which began this week, will entail a lot more than simply chairing the monthly board meeting, holding the ring once a year at the annual meeting and then picking up his director's fee (£250,000 in this case).
Friday 09 July 2004
Thursday 08 July 2004
Kenneth lay, the former chairman of Enron, has been formally indicted for his role in the accounting scandal which led to the $67bn (£36bn) bankruptcy of the energy trading group in December 2001 - at the time the largest business failure in US history.
Thursday 08 July 2004
The former Enron CEO Kenneth Lay surrendered to the FBI today to face criminal charges stemming from the 2001 collapse of the energy company he founded.
Wednesday 07 July 2004
Jacqui Smith, the minister for Industry and the Regions, revealed yesterday that the Government had asked the Office of Fair Trading to consider whether limiting liability for audit firms would have an adverse impact on competition in the market.
Thursday 24 June 2004
Premier Foods, the owner of Typhoo Tea and Branston Pickle, has changed its accounting policies, resulting in a restatement of its turnover figures for the past three years. It is also selling peripheral businesses as speculation mounts that it could announce a £1.3bn float within the next two weeks.
Wednesday 23 June 2004
The deputy chairman of Cairn Energy splashed out nearly £624,000 on shares in the company yesterday, following large share purchases by other company directors recently.
Sunday 20 June 2004
Thursday 17 June 2004
The directors of the haulage and logistics company Tibbett & Britten stand to share in a pay-off worth up to £5m, following the takeover of the business yesterday by its UK rival Exel.
Wednesday 16 June 2004
Financial services companies must set up a system of self-regulation, with a "forum" of the great and the good to punish mis-selling, if it is to restore public trust, according to a wide-ranging critique of the industry.
Friday 11 June 2004
Shares in the two leading lending companies focused on low-income groups fell heavily yesterday after it emerged that the National Consumer Council is likely to make a "super complaint" about the £2bn industry to the Office of Fair Trading.
Thursday 03 June 2004
AWG, the owner of Anglian Water, was owning up to past mistakes yesterday and promising that it would do better in future. As a new(ish) chief executive, Jonson Cox was able to freely criticise his predecessors' decisions.
Thursday 27 May 2004
Shareholders in Aegis, the media-buying agency, finally lost patience with the company and hit back at a £2.35m "payment for failure" enshrined in the contract of Doug Flynn, its chief executive.
Durham Free School: 'Creationism taught at' free school facing closure
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