Bernie Ebbers, the one-time CEO of WordCom, heads off to a federal prison today and will begin his 25-year sentence for engineering the largest fraud in US corporate history, which evenually led to the $11bn collapse of the company.
Well, former Enron chief financial officer Andrew Fastow, the man who many feel was the evil mastermind behind the dirty dealings which caused the demise of Enron, is due to be sentenced in Houston later today.
Here's mergermarket's preliminary league table of the Top 20 European legal advisers for the third-quarter.
There was an interesting article in the Evening Standard last week, which suggests that fat balding maleÂ bankers are increasingly looking to undergo cosmestic surgery. And not, so it seems, in a bid to pull more chicks, but simply to appear younger longer, and to keep their jobs and win promotion!
The Financial Times reports that bankers at Credit Suisse have been told to cut back on the colour photocopying in a bid to rein in costs.
Here's the latest news on Amaranth, the US hedge fund which is said to have lost around $6bn after losing bets on gas prices:
The Sunday Times reports that The London Stock Exchange (LSE) and Icap have been in discussions about merging 'to create one of the most powerful trading platforms in the world'.
Financial News has reported that Bear Stearns has formed a new proprietary trading group, by merging cash equities, structured equities and clearing activities under a new management team led by Bruce Lisman and Steven Meyer. Both will report into Warren Spector, Bear's President and Chief Operating Officer.
The Houston Chronicle reports that former Enron boss Jeffrey Skilling was arrested earlier this month in Dallas for 'public intoxication'.
Forbes has just published its latest list of the richest Americans. Here's the Top 20:
An Olympic effort indeed (access the article link to view the picture).
Follow these simple instructions to find out whether your firm passes the 'smell test'.
'The U.S. 'is still the land of the free and the home of the brave and, every now and then, just a tiny bit high-handed in her treatment of other nations', London Mayor Boris Johnson writes in the Spectator.