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Searching Content indexed under Directors and Officers by Kenneth Kohler ordered by Published Date Descending.
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The WorldCom and Enron Settlements
Earlier this month, outside directors of WorldCom and Enron agreed to use their personal funds to settle shareholder litigation arising from the collapse of their companies. In the WorldCom case, ten former directors agreed to supplement $36 million supplied by their D&O insurance by paying $18 million of their own money, or about 20% of their aggregate personal net worth (excluding certain assets such as their primary residences and retirement accounts) even though they collectively lost ab
United States
 
3 Feb 2005
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