America’s biggest investors expressed grave fears over the direction of US corporate governance yesterday after President Bush nominated a Republican congressman with a history of hostility towards the investment community as the new chairman of the US Securities and Exchange Commission. Christopher Cox, a Republican congressman on the right of his party who was a […]

Lawyers in Michael Jackson’s child abuse trial are making their closing arguments as the long-running trial inches towards a conclusion. Prosecution and defence teams will have one final say, after trial judge Rodney Melville spent Wednesday issuing instructions to jurors. The jury may start deliberations on Friday into claims the singer abused a 13-year-old cancer

In 1970, when I was serving as a lieutenant in the U.S. Navy and assigned to Adm. Thomas H. Moorer, the chief of naval operations, I sometimes acted as a courier, taking documents to the White House. One evening I was dispatched with a package to the lower level of the West Wing of the

“Today’s verdict is wrong…The reality here is that this verdict represents only a technical conviction.” So reads a statement Arthur Andersen issued back on June 15, 2002, just after a Houston jury found the accounting firm guilty concerning its actions in the Enron affair. Technical though it may have been—Andersen was convicted not for abetting

Big Business is certainly touting it as a big win. On May 31, the Supreme Court unanimously rejected a Justice Dept. claim that accounting firm Arthur Andersen knowingly impeded a federal probe when its execs instructed employees to destroy documents that might have proven key to a government case against Enron. Arthur Andersen is vindicated,

In “All the President’s Men,” he was a shadowy figure in a parking lot advising Bob Woodward and Carl Bernstein to “follow the money” in their journalistic investigation of the Watergate cover-up that ultimately brought down President Richard M. Nixon in 1974. The two reporters have long referred to him publicly only as “Deep Throat,”

A Russian court today declared Mikhail Khodorkovsky guilty of charges including fraud and tax evasion and sentenced the founder of Yukos, the former oil giant, to nine years in prison. The verdict and sentence came in the twelfth day of the laborious verdict-reading process in the most closely watched trial of post-Soviet Russia. Mr Khodorkovsky

The Christian legal association involved in the Terry Schiavo case has taken up the fight over a castle-in-the-sky mural at a Napa school that some students have complained is too religious. Napa High School students launched a petition drive last month to stop classmate Kyle Trudelle from painting his mural on a school wall. Students

The reading of the verdict in the fraud and tax evasion trial of oil tycoon Mikhail Khodorkovsky was still continuing on May 26, and is expected to last into next week as Judge Irina Kolesnikova reads through the 1,000-page document. But no one is paying much attention to her words anymore: They repeat the prosecution’s

John Yoo doesn’t come across like a war criminal, though that’s one of the charges leveled against the smooth young law professor from the University of California at Berkeley’s storied Boalt Hall. With his even tones and calm demeanor, his natty suits, and warm charm, the 37-year-old constitutional scholar seems the embodiment of ”reasonable.” He’s