Muckety

Stories from December 2008

Madoff used social, family networks to rake in billions

By Carol Eisenberg

December 28, 2008 at 1:42pm

Could one man operate an alleged $50-billion Ponzi scheme without help from anyone else?

Employees make a list; bosses check it twice

By A. James Memmott

December 28, 2008 at 12:22pm

Steve Odland, the CEO and chairman of Office Depot, topped the list of naughtiest executives on the recently released annual December list of naughty and nice CEOs put together by Glassdoor.com.

A stampede to ‘banks’ as companies seek a piece of the bailout

By Carol Eisenberg

December 26, 2008 at 9:08am

The news that CIT Group Inc. and American Express were approved this week for $5.7 billion in bailout funds after becoming “bank holding companies” strikes us as a particular sort of American ingenuity.

Caroline Kennedy’s ties to Bloomberg may hurt her prospects

By A. James Memmott

December 25, 2008 at 10:13am

Caroline Kennedy has friends in high places, including President-elect Barack Obama, whom she supported in his quest for the presidency.

French investor who lost $1.4B with Madoff kills himself

By Carol Eisenberg

December 24, 2008 at 2:25pm

The hedge fund executive who committed suicide in his 22nd-floor office on Madison Avenue was a blue-blood French aristocrat and champion yachtsman entrusted with the money of some of Europe’s wealthiest families.

One Ponzi schemer eclipses another

By A. James Memmott

December 24, 2008 at 9:11am

What’s a Ponzi scheme got to do to get lasting respect? In October, Thomas J. Petters, a Minnesota businessman, was the talk of the business world for allegedly defrauding investors of $3 billion or more.

NY maestro Lorin Maazel rents out VA estate for inaugural

By Carol Eisenberg

December 23, 2008 at 12:30pm

Looking for a place to stay during Barack Obama’s inauguration? New York Philharmonic music director Lorin Maazel and his wife are offering their Virginia estate for $50,000 a night.

Mamma Mia’s a hit, no matter what the critics say

By A. James Memmott

December 23, 2008 at 8:45am

Greeted by mixed reviews, Mamma Mia! The Movie is getting its revenge - at the box office.



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