The police said the executives engaged in manipulation of stock prices and unfairly earned about $70 million.
Now, the government is weighing whether to require them to report any suspicious transactions, like insider information or manipulation of stock prices.
A Delaware judge has granted a Countrywide Financial institutional shareholder limited access to the company's records as part of an investigation into possible manipulation of stock option grants to executives.
The book's final sections unpack Vanderbilt's greatest coup, buying and then consolidating New York's major railroad lines, using every trick in his arsenal, including the manipulation of stock prices.
"We have already said, on a number of occasions, that we intend to pursue all of the bonuses and compensation that was granted wrongfully to the people involved, whether through obstruction of justice or manipulation of stock price," Mr. Ranieri said.
WALL STREET JOURNAL Asking Hedge Funds to Turn Themselves In | The government is weighing whether to require hedge funds to report any suspicious transactions, like insider information or manipulation of stock prices, a move hedge funds are likely to resist, Peter J. Henning writes in the White Collar Watch column.
Tapping into this feature, Delort et al. (2011) examined the reasons for revisions and identified posts that contained keywords relating to the manipulation of stock prices.
For instance, three members of Mercury Interactive's compensation and audit committees Igal Kohavi, Yahir Shmair and Giora Yaron might be barred for life from serving as directors of public companies and be forced to pay civil fines if the U.S. Securities and Exchange Commission decides to bring charges that they knew or should have known about the manipulation of stock grants.
"People weren't allowed to engage in manipulation of stock to enrich shareholders and to enrich executives," he said.
A massive manipulation of stock prices through stock buybacks pushed the S&P 500 Index even higher in 2007 than it had been at the zenith of the speculative boom in 2000 -- again to the great benefit of the stock-based pay packages of the corporate executives who made these resource-allocation decisions.
