Archives
_________::::____#253- September 7, 2006________________
#253 Updated: 9/06/06 4:51 p.m.

09/06/06 IRS Chief: CFO Pay Should Be Fixed
At a Senate hearing, Internal Revenue Service Commissioner Mark Everson says
finance chiefs shouldn't be paid in options, and a ranking senator seems itching to
legislate.

09/06/06 Ron Isley Gets 3 Years for Tax Evasion
The 65-year-old R&B singer was also ordered to pay $3.1 million in back taxes to
the Internal Revenue Service, said Assistant U.S. Attorney Robert Conte.

09/06/06 SEC Launches Probe of XM Satellite
Documents requested by the SEC appear to mirror the concerns raised in a recent
lawsuit. The suit charged that the company had failed to disclose that it would
miss its subscriber targets.

09/06/06 Arrest warrants issued for Colorado State players in fraud case
Prosecutors said Wednesday they have issued arrest warrants for seven people,
including five current or former members of the Colorado State football team, as
part of a fraud and forgery investigation dating to last year.

09/06/06 Visteon wins dismissal of shareholder fraud suit: Detroit News
Visteon Corp. (VC) has won dismissal of a shareholder lawsuit accusing the
company's executives of fraud, The Detroit News reported in its Wednesday
editions.

09/06/06 Apollo Trades Lower on Fraud Lawsuit
Shares of education company Apollo Group Inc. slid on Wednesday after a federal
appeals court overturned a previous decision and revived a lawsuit that claimed
Apollo's University of Phoenix defrauded the federal government by unlawfully
paying incentive compensation to recruit students.

09/06/06 U.S. judge places limits on Hornsby
A federal judge barred former Prince George's County schools Superintendent
Andre J. Hornsby yesterday from contacting any current or former employees of
the school system where he is alleged to have engineered a financial scheme to
enrich himself.

09/06/06 Time Warner CEO on corporate governance
NYSE Magazine (August-September 2006) contains snapshot interviews with 20
CEOs of leading companies, including Richard D. Parsons, CEO of Time Warner
Inc., who spoke about changes in corporate governance in the wake of
Sarbanes-Oxley.
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