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Search results for "finances" ...

  • Investigation of governor's administration and his personal finances

    A Birmingham News' investigation into Governor Don Siegelman's administration discovered lucrative state contracts awarded to Siegelman's friends and supporters, including his personal stock broker. The state dealings became part of a federal and state investigation into the administration's action and evolved into a criminal investigation into Siegelman's personal finances.
  • Chelan County PUD, Inc.

    The World reports on financial blunders at the Chelan County Public Utility District, one of the largest publicly owned electricity generators in the country. The stories found that "the PUD had evolved into a corporate-like entity focused on profits and run by appointed managers rather than elected commissioners; had engaged in other questionable practices (such as rewarding employees with "cashouts" and cushy pensions, and spending millions on consultants and travel); and had lost touch with its public power roots, long part of the community psyche."
  • Inside the PSC

    Early stories report on "accusations of bias at the state Public Service Commission in Tallahassee by Supra Telecom, Florida's largest alternative local phone company," according to the contest questionnaire. Supra claims the commission has been unfair in handling its corporate dispute with BellSouth. Later stories are about Supra's slide into bankruptcy, and point to questions about the quality of its financial reports.
  • Daddy dearest

    Murphy reports on a pension plan that had awarded millions of dollars in pension payments to county officials. The story results in the resignations of the plan's creator, F. Thomas Ament, Milwaukee county executive, and his cronies, who had expected to take advantage of the plan.
  • The New Math of Old Age: Why the Nursing Home Industry's Cries of Poverty Don't Add Up

    Schmitt reports on the finances of the nursing home industry nationwide. "In an elaborate national lobbying campaign in 2002, nursing home operators used quality of care as a wedge to seek billions more in federal funding, saying lives would be endangered if the homes didn't get more money." U.S. News & World Report finds a very different picture: nursing homes are earning healthy profit margins, usually in the range of 20 to 30 percent; nursing home operators steer big chunks of revenues to themselves or related businesses; and there is no evidence that today's patients are sicker, as the nursing home industry has claimed.
  • Conseco

    Conseco was charged with using lax lending practices to hide bad loans according to former employees of the company. They also supplied documents to support the accusation. The claims helped bring about the financial ruin of the company due to its use of tricky accounting and other back room deals.
  • Year of Truth: after Long Overhaul, Banc One Now Faces Pressure to Perform

    The Journal reports on change in direction for Bank One Corp., the nation's seventh-largest bank. The story tells how the company's president John B. McCoy has dropped the old system of autonomous banks, which his father has relied on, and has turned to centralization in order to boost the corporation's profit.
  • The Truth...But Not the Whole Truth

    Carlson reports on the manipulative use of statistics in political Washington. Make up any numbers you want - that is how official Washington really feels about statistics, Carlson finds.The story depicts how in most political debates numbers and figures "get manipulated and massaged and twisted until any connection to reality is strictly coincidental."
  • New kind of gadfly turns public firms into sitting ducks

    A federal convict is badgering public companies by suing them in small claims court for shareholder fraud. All this despite not owning any stocks in the companies he sues.
  • Ten Things Your Financial Planner Won't Tell You

    This article lists 10 important things to consider when using a financial planner.