Friday, March 04, 2005

DON'T TRUST COMPANIES

YOU KNOW companies will do the right thing. Here are some examples.

 

Chicago insurance broker Aon Corp. will pay $200M in case that accuses it of cheating customers.

 

Health Care Cost continue to rise - Why - Example - Florida sues Tenet

Florida is suing Tenet Healthcare Corp. - Hospital Operator - on racketeering charges inflated fees to obtain $1 billion in improper reimbursements from a Medicare fund.

 

Bank of America Corp., the No. 3 U.S. bank, will pay $460.5 million to settle a class-action lawsuit that investors brought over its role in the collapse of WorldCom Inc., the long-distance phone company.

 

Ad agency exec - Shona Seifert, recently convicted of conspiring to defraud the federal government.

Citigroup Inc. agreed to pay $75 million to settle a class action securities lawsuit.

Marsh & McLennan - will pay $850 million to settle charges it rigged Insurance bids.

Public Accounting Firms guilt of Conflict of Interest.

Companies continue to Raid Pension Funds.

So far, this year, Public companies have paid Securities settlements of $5.5B.

 

Is that Hard, NO, IMPOSSIBLE, to defend?

But, I KNOW you will TRY.

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