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Record fines for VW, employees indicted in scandal

Six high-level Volkswagen employees have been indicted, and the company has agreed to pay a record $4.3 billion dollar fine in its diesel emissions-cheating scandal. (Jan. 11)   &.....»»

Category: topSource: usatodayJan 11th, 2017

VW Pleads Guilty in Emissions Scandal; 6 Employees Indicted

Six high-level Volkswagen employees have been indicted by a grand jury in the company's diesel emissions cheating scandal, as the company admitted wrongdoing and agreed to pay a record $4.3 billion penalty.....»»

Category: topSource: abcnewsJan 11th, 2017

Volkswagen Pleads Guilty to Criminal Charges in Emissions Scandal

Six executives and employees were indicted for their roles in the cover-up (WASHINGTON)— Volkswagen is plead.....»»

Category: topSource: timeJan 11th, 2017

Record bribery ruling takes Odebrecht fines to $3.5bn

Latin America’s biggest construction company pleads guilty in Petrobras scandal.....»»

Category: topSource: ftDec 21st, 2016

Wells Fargo Scandal: How Politics Put the CEO’s Job in Jeopardy

Wells Fargo may have thought that firing 5,300 employees and paying $185 million in fines for opening some 1.5 million unauthorized accounts and filing 565,000 credit card applications without customers’ knowledge would make its scandal go away, but in .....»»

Category: topSource: yahooSep 18th, 2016

Wells Fargo scandal explained

2 million fake accounts, 5,300 employees fired, $185 million in fines. Christine Romans explains the Wells Fargo fake accounts debacle......»»

Category: topSource: moneycentralSep 14th, 2016

Wells Fargo seeks to shore up reputation in wake of scandal

Wells Fargo & Co scrapped its product sales goals for retail bankers on Tuesday and may take further disciplinary action against its employees in the wake of a fake account scandal that has already led to $190 million in fines and the firing of 5,300 empl.....»»

Category: topSource: moneycentralSep 13th, 2016

Wells Fargo seeks to shore up reputation in wake of scandal

Wells Fargo & Co scrapped its product sales goals for retail bankers on Tuesday and may take further disciplinary action against its employees in the wake of a fake account scandal that has already led to $190 million in fines and the firing of 5,300 empl.....»»

Category: topSource: moneycentralSep 13th, 2016

Wells Fargo scandal explained

2 million fake accounts, 5,300 employees fired, $185 million in fines. Christine Romans explains the Wells Fargo fake accounts debacle......»»

Category: videoSource: cnnSep 13th, 2016

Wells Fargo Faces Shareholders, Protesters at Annual Meeting

Wells Fargo's top management and board of directors apologized to investors Tuesday at the first big shareholder meeting since the scandal over the bank's sales practices led to an executive shake-up, fines and a dented reputation......»»

Category: topSource: foxnewsApr 25th, 2017

Lafarge Scandal Points to Difficulty for Businesses in War Zones

Eric Olsen, the cement maker’s chief executive, is stepping down after an internal inquiry found staff members paid off armed groups in Syria to allow safe passage for employees......»»

Category: dealsSource: nytApr 25th, 2017

Lafarge Scandal Points to Difficulty of Operating in War Zones

Eric Olsen, the cement maker’s chief executive, is stepping down after an internal inquiry found staff members paid off armed groups in Syria to allow safe passage for employees......»»

Category: dealsSource: nytApr 24th, 2017

Calpers says will oppose nine directors at Wells Fargo

BOSTON (Reuters) - Officials of the California Public Employees' Retirement System said Friday they are voting against nine of 15 Wells Fargo & Co directors up for election at the bank's annual meeting next week, citing the bank's phony-account scandal......»»

Category: topSource: reutersApr 21st, 2017

NerdWallet cuts 8% of staff amid ‘record-breaking quarter’

San Francisco-based NerdWallet shed more than 40 employees, or 8 percent of its workforce, with a couple of senior executives heading for the exit, the company told the San Francisco Business Times Thursday. “We had to make tough choices to enable .....»»

Category: topSource: bizjournalsApr 21st, 2017

NerdWallet cuts staff amid ‘record-breaking quarter’

San Francisco-based NerdWallet shed more than 40 employees, or 8 percent of its workforce, with a couple of senior executives heading for the exit, the company told the San Francisco Business Times Thursday. “We had to make tough choices to enabl.....»»

Category: topSource: bizjournalsApr 20th, 2017

Wells Fargo CEO has a message for distrustful employees

Tim Sloan, the man in charge of cleaning up the Wells Fargo scandal, told CNN in an exclusive interview that despite allegations of retaliation he believes it's safe to call the bank's controversial ethics line......»»

Category: topSource: cnnApr 19th, 2017

CEO has a message for distrustful employees

Tim Sloan, the man in charge of cleaning up the Wells Fargo scandal, told CNN in an exclusive interview that despite allegations of retaliation he believes it's safe to call the bank's controversial ethics line......»»

Category: topSource: cnnApr 19th, 2017

Former South Korean President Indicted for Bribery

South Korean prosecutors indicted the ex-leader on a number of charges including bribery, taking aim at the central figure in a corruption scandal that has led to indictments of some of the country’s biggest players......»»

Category: topSource: wsjApr 17th, 2017

South Korea corruption scandal ensnares 2nd top boss

South Korean prosecutors said Monday that they have indicted Lotte Group Chairman Shin Dong-bin on bribery charges......»»

Category: topSource: cnnApr 17th, 2017

Delta Will Offer Up To $9,950 To Passengers On Overbooked Flights

In the aftermath of the United scandal, Delta Airlines will allow airline employees to offer up to $9,950 to encourage passengers to give up their seats on overbooked flights, the Associated Press reported on Friday. T.....»»

Category: blogSource: zerohedgeApr 14th, 2017

Official involved in Bush-era purge of gay employees now in Trump admin

Jim Renne was a key player in a scandal in which staff were targeted on basis of sexual orientation.....»»

Category: topSource: business-standardApr 12th, 2017