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A Major Perk For Executives Takes a Big Hit.
- Source :
-
Wall Street Journal - Eastern Edition . 2/21/2006, Vol. 247 Issue 42, pC1-C3. 2p. 1 Color Photograph. - Publication Year :
- 2006
-
Abstract
- The article focuses on Clark E. McLeod, CEO of Fiberutilities of Iowa, who was found liable by a New York State court for accepting initial public offering shares in his personal brokerage account. Information is given about "spinning" IPO stocks and the potential for rigging the IPO market. The implication of the ruling for other senior executives is mentioned. Mr. McLeod's background includes founding McLeodUSA Inc.
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 247
- Issue :
- 42
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 19791594