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PATH: BS | Insatiable Greed
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People who donate to Mothers Against Drunk Driving are told by the charity that most of the $12 million it raises annually is spent on good works — stopping drunk driving and helping families traumatized by fatal crashes.
In a tasty bit of irony Andrew J. McKelvey, the Chief Executive and Chairman of Monster Worldwide, Inc., the parent company of the largest job search site in the world, has stepped down amid a probe of the company's past stock options practices. The probe concerns the practice of back-dating the stock options given to executives so that they have the greatest value. Although tremendously lucrative, it is also illegal. This is a problem that has bedeviled many companies and their executives, including United Health Group, CNET Networks, and McAfee. I'm guessing McKelvey will probably be using CareerBuilder.com to look for his next post.
State Farm Insurance supervisors systematically demanded that Hurricane Katrina damage reports be buried or replaced or changed so that the company would not have to pay policyholders' claims in Mississippi, two State Farm insiders tell ABC News.
You've seen the commercials...credit counseling agencies offering to help you get out of the big, fat hole of crushing debt you've gotten yourself into. These largely non-profit agencies are supposed to help people by negotiating between strapped consumers and lenders, making payment of debts more manageable so everybody is happy--consumers pay off their debts, lenders get some of the money they're due, and the agencies take only the amount needed to cover their costs...because after all, they're charitable organizations.
Just when you think you've seen it all. Just when you think that you've seen the greediest, stupidest thing you can imagine, someone tops it on eBay.