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Yet it would be wrong to conclude that Europeans are any less prone to corporate trouble.
To be sure, an overworked board member isn't a sure sign of corporate trouble.
Where Wall Street's reaction to corporate trouble is more panic than reason: Buy.
Ten managers, including the chairman, were charged with manipulating share prices and fraud, relating to 1.5 trillion won ($1.2 billion) of inflated profits at a subsidiary.See article: Corporate trouble in South KoreaSam Waksal, former chief executive of ImClone, settled some of the civil charges brought by the Securities and Exchange Commission over insider dealing.
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While its message was diluted by partisan discord — the panel's minority Conservatives refused to endorse the characterization of Mr. Murdoch as not fit, while its Labour members and a lone Liberal Democrat voted to include the language — it nonetheless provided a searing indictment of News Corporation that added to the raft of legal and corporate troubles the company faces here.
In the process, Mr. Giuliani, a Brooklyn native whose legal career had largely been spent in government, became a corporate trouble-shooter with homes in the Hamptons and on the Upper East Side.
LAYOFFS, bankruptcies and falling stock prices: 2002 has been full of them, along with other corporate troubles.
The firm wrote in a report that the News Corporation's incumbent directors failed to prevent the company from stumbling into a morass of corporate troubles.
"Our customers aren't relocation people or daily commuters," Mrs. Klemm said, "but our business has been affected by corporate troubles, the stock market and unemployment.
The firm, Institutional Shareholder Services, wrote in a report that the News Corporation's incumbent directors, 13 out of 15 board members, failed to prevent the company from stumbling into a morass of corporate troubles.
But the recession and the rash of corporate troubles have widened their appeal to investors wary of the stock market who want to settle for a steady if unspectacular return.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com