conflict of interest

Are Some College Trustees Abusing Their Trust for Profit?

Ever wonder why college is so expensive, or why schools' big endowments aren't bearing more of the burden? Well, past of the problem may be that the trustees investing those endowment funds are taking better care of themselves than they are of their schools' money.

5 U.S. Businesses That Ought to Be Ashamed of Themselves

In contrast to the many U.S. companies we should view with pride, some have behaved in ways that are downright evil. For their exploitative behaviors, these businesses have earned their seats on the corporate netherworld's board of shame.

Why Even the Wealthiest 1% Are Fed Up With Wall Street

The Occupy Wall Street crowd has plenty of reasons to complain about how the big financial institutions treat Main Street America. But you'll be shocked to find out how poorly the masters of the investment world treat their richest clients. Multimillionaire and ex-CEO Al Checchi pulls back the curtain.

Is Your Doctor on Big Pharma's Payroll?

Drug companies spend hundreds of millions of dollars a year to influence doctors' prescribing habits -- money that often goes directly into physicians' pockets for "consulting fees" and "educational presentations." Wondering if your doc one of them? The nonprofit journalists at ProPublica can tell you.

Wikinvest's Mike Sha on the Investing Wisdom of Crowds

If the financial collapse taught us anything, it's that opacity and self-serving behavior rule at the big Wall Street firms -- so how can the little guy trust their advice? Wikinvest's Mike Sha explains how crowdsourcing can provide better, less biased investment advice to average investors.

Has the BBB Been Selling 'A' Ratings?

The Better Business Bureau's slogan is "Start with Trust" -- but not so fast. It seems the BBB has inherent conflicts of interest, and questions have been raised about what it takes to "earn" an A from the BBB. Can companies pay for good ratings -- or worse yet, do they have to?

Why Countrywide's Fraudster-in-Chief Isn't Going to Prison

Angelo Mozilo, the former head of Countrywide Financial, isn't going to jail. In fact, he won't even face a trial. Wondering how the most convictable CEO among the titans who brought down the financial system is getting off so easy? The answer lies in the revolving door between Wall Street and its "regulators."

Legal Briefing: Big Banks Are Getting Sued by Big Plaintiffs

Some of Wall Street's financial titans are facing lawsuits from equally formidable foes: Billionaire Len Blavatnick is suing JPMorgan Chase for losing $100 million of his money in subprime mortgages, and Norway is suing Citigroup for misrepresenting its financial condition to boost its stock price.

Judge Who Nixed Drilling Ban Has Big Oil Investments

U.S. District Judge Martin Feldman, who overturned the Obama administration's temporary ban on deep-water offshore oil drilling, has a lot of his net worth in oil industry companies such as Ocean Energy, Prospect Energy, Peabody Energy, Halliburton and Parker Drilling.