Category: Fines & Penalties

Will Record $3B Fine Derail CEO Raise?

Speak of lousy timing. After receiving a knighthood from the queen at the end of 2011, GSK CEO Andrew Witty was on a roll. The chair of GlaxoSmithKline’s compensation committee had pointed out that compared to his peers, Witty was being…

Company Gets Fine, CEO Gets Raise

Jan. 5, 2012 – The power company serving the Washington, D.C. area, Pepco, received a $1 million fine, the largest the State of Maryland ever hit a corporation with. The state’s conclusion was, “The evidence in this proceeding demonstrates conclusively…

Comcast CEO Pays $ Half- Million Fine

Dec. 16, 2011 – A Federal Trade Commission investigation uncovered what they felt was an inadvertent failure by the CEO of Comcast to report some sizeable stock purchases prior to pre-merger reporting rules. It was bad legal advice, apparently, which…