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.
Chesapeake Energy CEO Aubrey McClendon resigned his post as chairman Tuesday, and will end his participation in a hugely lucrative and highly questionable investment deal 18 months early. But if you think that means he's turning over a new leaf, let's drill a little deeper ...
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 companies (and one whole industry) have earned their seats on the corporate netherworld's board of shame.
Whatever else you say about Chesapeake Energy CEO Aubrey McClendon, he's no slave to public opinion. He does what he wants, no matter how sleazy it sounds -- and no matter how much money it costs him or his company's shareholders.
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.
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 is one of them? The nonprofit journalists at ProPublica can tell you.
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.
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?
Nope, Angelo Mozilo won't be serving time, no matter what the evidence shows. 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."
Meredith Whitney, an analyst who rose to fame as one of the few people who predicted the financial crisis ahead of time, now plans to from a new credit agency, the Financial Times reports.
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.
U.S. District Judge Martin Feldman, who overturned the Obama administration's temporary ban on deep-water offshore oil drilling, has investments in oil industry companies including Ocean Energy, Prospect Energy, Peabody Energy and Halliburton.
