The Magazine of Corporate Responsibility

Tag Archive for ‘Dow Jones’

The Basics on the Latest Murdoch Scandal

Yet another scandal is bubbling up at Rupert Murdoch’s News Corp. The Murdoch-owned Dow Jones announced that the publisher of The Wall Street Journal’s European edition was resigning, without mentioning why. The next day, The Wall Street Journal reported that the top European exec stepped down after an internal ethics investigation found he had pressured reporters to write two positive stories about a Dutch firm with which the paper had an agreement that helped boost circulation figures.

US Likely to Broaden Anti-Bribery and Corruption Efforts

“The U.S. government – and not just the Justice Department, but the U.S. government more broadly – is going to focus on international corruption in a more comprehensive and even more rigorous way than it has in the past,” said Mark Mendelsohn, the Justice Department’s lead criminal prosecutor for violations of the Foreign Corrupt Practices Act.

Pfizer’s “Never Ending Dance” to Regain Its Reputation

What’s it like to have your company plead guilty to a crime and pay a $2.3 billion fine? “To put it bluntly, it’s like being hit in the face by a two-by-four. Even for a big company, it’s a very, very difficult thing to go through,” said Douglas Lankler, Senior Vice President and Chief Compliance Officer of Pfizer, the world’s largest drug company.

BOOKS: The Failure of Corporate Boards and the Price We All Pay

If you’re one of the many trying to determine where blame might lie for the financial and economic crises of the last two years, John Gillespie and David Zweig would suggest you look in the corporate boardroom. Their new book – “Money for Nothing: How the Failure of Corporate Boards Is Ruining American Business and Costing Us Trillions” – is rich with unfortunate detail.