Ex-Staffer Pleads Guilty To Extorting Campbell Soup Heiress
The one-time confidante of a billionaire heiress to the Campbell Soup fortune pleaded guilty yesterday to three counts of extortion against her former friend.
Clare O'Connor, Forbes StaffThe one-time confidante of a billionaire heiress to the Campbell Soup fortune pleaded guilty yesterday to three counts of extortion against her former friend.
Clare O'Connor, Forbes StaffA naïve perspective on business is that whatever you sell or whatever service you perform is what your business is all about. read »
If you can’t remember the last time you got excited about a hotel pool—but you’re pretty sure it was way back around the time you learned to swim—then believe us when we say you’ve got some serious catching up to do. read »
After more than a week deliberating, an excused juror, a re-start of deliberations with an alternate juror, and another week and a half of deliberations, there is a verdict in the Galleon insider trading trial. read »
It is being reported that that billionaire Drayton McLane has reached an agreement to sell the Houston Astros and his stake in a regional sports network to Jim Crane. The way I look at the numbers being reported, the MLB team is being valued from $475 million to $500 million [...] read »
As I've mentioned before, Fiat is looking to increase its stake in Chrysler. The Italian car maker currently owns 30% of Chrysler. Fiat intends to repay U.S. government loans by the end of June. Once that step is completed, Fiat will have a 46% stake. After that the terms of the bailout deal in 2009 lets Fiat acquire both the U.S. government's portion(8.6%) as well as up to 40% of the stake held by the Voluntary Employee Beneficiary Association. The VEBA is affiliated with the United Auto Worker[...] read »
Raj Rajaratnam’s defense lawyer was careful not to pick a jury of his peers. None of them had anything to do with Wall Street. Some of the jury members never finished high school and came straight out of the egalitarian NYC jury pool. The hope was the defense could bamboozle them into believing that what Raj did was just in the normal course of business. But for sure, they are honest folks, maybe church goers, who clearly understood right from wrong. They listened to those oh so incriminating[...] read »
The Geek Picture of the Day shows a billionaire in the making. read »
A Polish architecture firm offers the world's first zombie-proof home and a house for avoiding the gaze of Google's Street View cars. read »