The Hill reports that Rep. Frank has instructed committee staff to have no contact with a former employee. In a statement, the House Financial Services Committee chairman said the normal one-year ban on the former staffer, Peter Roberson, is not strong enough. Frank directed committee aides to avoid all communication with Roberson on financial regulation […]
Day: April 1, 2010
Shareholder protection and Schumer-Van Hollen’s whereabouts
U.S. PIRG’s Lisa Gilbert discusses shareholder protection in this Wonk Room post. Shareholder approval is a reform angle which could begin to dig us out of Alice’s rabbit hole and protect our democracy. Justice Kennedy himself wrote, “shareholder objections raised through the procedures of corporate democracy, can be more effective today because modern technology makes […]
Daimler AG resolves Foreign Corrupt Practices Act case
The Department of Justice announced that Daimler AG resolved Foreign Corrupt Practices Act charges in this press release. According to court documents, Daimler AG and its subsidiaries made hundreds of improper payments worth tens of millions of dollars to foreign officials in at least 22 countries – including China, Croatia, Egypt, Greece, Hungary, Indonesia, Iraq, […]