Danielle Chiesi, Raj Rajaratnam, Robert Moffat and 20 others involved in Galleon Group hedge fund scandal. The New York based Galleon Group was exposed for fradulent business dealings in October 2009. Rajaratnam, co-founder of Galleon, and Chiesi, top executive at Galleon, went before...
When a person or party enters into a bargaining area, he or she may be in possession of negotiation power. Such a power may be considered to be perceived or real and refers to the amount of influence one can extend towards the outcome of the negotiations.Negotiation power is not something that can...
There are instances when it is necessary for an agreement to be formalized and legally recognized. These agreements are referred to as contracts. A contract is a verbal agreement that stipulates certain terms and conditions that have been agreed upon by the parties involved in the agreement. These...
Welfare is a government-sponsored program that aims to help people with very little or no income. This includes poor workers. Welfare is mainly targeted towards families who are raising children, older citizens, and those who have disabilities. Welfare aid can take the form of food stamps, Medicaid...
Many programs exist that allow individuals, businesses, corporations, companies, or other parties that qualify, a tax reduction or exemption. Such programs refer to tax abatement, also known colloquially as tax holiday. Tax abatement provides an easing of tax obligations of taxpayers, and may be...
Many types of fraud exist that involve the transfer of cash between checking accounts in different banks. A person can write a check using an account from one bank and deposit the check to another account in another bank before the check can bounce or be considered invalid. This type of fraud is...
Easements address the problem of individuals who need access to property that they do not own. Purposes for an easement may vary and provide the categories of easement. One such type of easement is a sewage easement. A sewage easement is a type of easement that allows access to a certain piece of...
An escalator clause is a contract for purchase between two parties, in which an agreement is made for the arranged price to go up in accordance to different factors, normally ones that are not in the direct control of the parties involved in the deal.
Eastern Livestock, one of the biggest cattle brokers in the United States, is under investigation by the U.S. Justice Department and the U.S. Department of Agrilculture. The investigation stems from multiple cattle farmers' and banking institutions' complaints that Eastern allegedly issued $81...
The Giving Pledge, created in June by Microsoft founder Bill Gates and investor Warren Buffett, has convinced over 57 billionares to give away at least half of their fortunes. Among the list of billionares who pledged to give away half of their wealth during their lifetime or after their death...
