July 11, 2002 |
A remarkably unanimous Senate voted yesterday to increase penalties against wayward business executives and to outlaw new white-collar crimes as President Bush warmed up to tough legislation against corporate fraud. Republicans rushed to support the tougher measures yesterday, pushing the legislation far beyond the proposals the President laid out in a speech Tuesday in New York. The Senate voted, 97-0, for the amendment containing the tough penalties. Combined with the White House's conditional endorsement of the emerging legislation, that puts the Democratic-controlled Senate in the driver's seat as Washington shapes the government's response to corporate and accounting scandals.
December 2, 1986
When last we left those fun-loving members of the Bohemian Club, they were trying to convince a California court that hiring female employees would impinge on their right to urinate on trees. Even in a California court that's a tough argument to win. After five years of legal battles, a state appellate court recently rejected the Bohemians' case. The Bohemians aren't just any fraternal organization. Members include the President of the United States, the attorney general, hundreds of corporate executives, powerful lawyers and politicians.
April 16, 1996 |
Federal agents found antidepressants, guns, an "autobiography" and a list of corporate executives in the cabin that served as a virtual bomb factory for Unabom suspect Theodore Kaczynski, FBI records released yesterday show. The 34-page document - the most detailed inventory yet of the former Berkeley professor's 10-by-12 foot shack - lists more than 700 items removed by FBI agents. The federal judge who released the records also ruled that Kaczynski's lawyers can tour the cabin to see the results of the 13-day search.
December 1, 1986 |
A party to celebrate the topping out of One Liberty Place, soon to be Philadelphia's tallest office building, will go on despite a scheduling conflict with the Pennsylvania Society Dinner, considered by many to be the biggest social and political event of the year. Rouse & Associates, developers of the 60-story building at 17th and Market streets, is giving a party Friday evening, Dec. 12, at the Philadelphia Museum of Art to celebrate the completion of the roof of the first building in the city to tower over Billy Penn's hat. The date of Rouse's party, however, conflicts with the 88th annual Pennsylvania Society Dinner, which is held at New York's Waldorf-Astoria Hotel and is attended by some of the state's top politicians, corporate executives, lawyers, labor leaders and lobbyists - many of the same people Rouse wants to attend his bash.
July 3, 1992 |
You think only corporate executives get stock deals? In an unusual - possibly unique - provision of their collective bargaining agreement, Sun Co. employees represented by Oil, Chemical and Atomic Workers (OCAW) Local 990 in Philadelphia will receive 100 shares of restricted company stock. That's on top of a 9.5 percent wage increase. The contract affects 294 workers at Sun's 130,000-barrel-a-day refinery in the city. Sun acquired the refinery in 1988 as part of its purchase of Atlantic Petroleum Corp.
October 22, 2010 |
June Waldo Lytel-Murphy, 80, a retired professor of English at Villanova University, died of complications from diabetes Tuesday, Oct. 19, at Haverford Estates. Mrs. Lytel-Murphy became a teaching assistant at Villanova in 1969, while earning a master's degree in English, and joined the faculty in 1971. In her three decades at Villanova, she taught American literature, introduced journalism courses into the curriculum, and helped found the Women's Studies Program. Her journalism students include Diana K. Sugg, a medical writer for the Baltimore Sun who won a Pulitzer Prize for beat reporting in 2003, and Gerald Marzorati, an assistant managing editor at the New York Times.
January 10, 1992 |
It's the manner of television to have everything balanced. Thus we can say that on This Week With David Brinkley, George F. Will represents the right, Sam Donaldson the left and Cokie Roberts something in between. In this way, all bases are covered and agreement almost never reached - until this week that is. On the subject of executive pay, Will, Donaldson and Roberts agreed on Sunday: It's too high. The show aired sometime after midnight in Seoul, which is where President Bush happened to be at the time.
June 17, 1988 |
A federal judge yesterday sentenced two former executives of Beech-Nut Nutrition Corp. to a year and a day in prison for selling millions of bottles of phony apple juice intended for babies. Niels L. Hoyvald, 54, former president and chief executive officer of Beech-Nut, and John F. Lavery, 56, former vice president of operations, also were fined $100,000 each for their roles in what prosecutors said was "one of the largest consumer frauds ever . . . prosecuted by the Department of Justice.
April 11, 1995 |
The whole world is being downsized. A survey of top corporate executives in the world's leading industrial nations shows that 94 percent of them have put their companies through some form of reorganization, or downsizing, in the last two years, and 66 percent predict the pace of change will continue or accelerate in the years ahead. Nearly 2,000 leaders of Fortune 500-size companies in Canada, France, Germany, Japan, Great Britain and the United States were interviewed by Watson Wyatt Worldwide, the international consulting firm.
August 27, 2012
Susan Hoffman is a cochair of the employee benefits litigation practice group at Littler Mendelson P.C. Was the traditional pension plan killed by greedy corporate executives? No, it was killed by laws, accounting rules, and a changing workforce. Before the Employee Retirement Income Security Act (ERISA) was passed in 1974, many companies sponsored pension plans, but only for those who could work long enough to earn them. My truck driver father had no pension because he had a heart attack at age 50 - before his eligibility date.