• Welcome to The Corporate Insider

    Welcome to The Corporate Insider, a website for workers, consumers, shareholders, academics and members of the press. This site is the internet's resource center for all who are impacted by corporate conduct.

    Recent history has demonstrated that wrongful conduct by corporate insiders can have a devastating impact on corporate stakeholders and observers. From securities fraud which adversely impacts the value of stock to short cuts in the manufacturing process that result in defective products being injected into the marketplace, corporate conduct can be devastating. Yet, it is not so much the conduct of the corporation itself that can be problematic as much as it is the conduct of the corporate insiders who, often times guided by their own self-interest, abuse their corporate mandate to the detriment of stakeholders. In addition to shareholders and consumers, workers lose out when basic wage and hour, benefit, and job safety laws are skirted. Insider wrongdoing has eroded the integrity of many publicly traded corporations, and layoffs and plant closings have caused rising unemployment and the destruction of local economies.

    Why do corporate insiders skirt the law and their obligations to stakeholders? One answer is that misguided executive compensation plans often reward insiders for short term corporate performance as measured by the value of the stock. If not paying workers overtime pay or cutting corners on product safety means profits in the short term, executives who want to see larger year-end bonuses will take the short cuts. While executive compensation plans should be written to properly incentivize insiders, stakeholders can have a real impact by knowing the laws that regulate corporations and taking action to enforce them. These laws range from securities laws to consumer and labor laws. With this in mind, this site has been developed with the intent of providing an overview of the laws that regulate corporate conduct.

and another thing . . .

Whistleblower Rights Bill Fails

Amidst an unfounded attack that a bill to protect federal employees who blow the whistle on fraud and abuse would sanction their right to report government information to WikiLeaks, a federal whistleblower protection bill has died in the senate.

It is an unfortunate occurrence. As our government wallows in a massi...

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Latest Stats

  • Consumer Price Index
    Unemployment Rate
    Payroll Employment
    Avg. Hourly Earning
    Producer Price index
    Employment Cost index
    Productivity
    U.S. Import Price Index
    Unemploy. Initial Claims
    UI Claims 4-Week Avg.
    Federal Min. Wage

    +0.5%
    8.8%
    +216,000
    +$0.01(p)
    +1.6(p)%
    +0.4%
    +2.6%
    +1.4%
    388,000
    394,250
    $7.25

    2/11
    3/11
    3/11
    2/11
    2/11
    4Q 10
    4Q 10
    2/11
    3/26/11
    3/26/11
    Current

 
Articles:
Corporate Integrity Agreements: Asking the Companies to Police Themselves, Please
The use of a corporate integrity agreements (“CIA”) in resolving the prosecution of pharmaceutical and medical companies is commonplace. As part of a deferred prosecution agreement, the U.S. Department of Justice, or the U.S. Department of Health and Human Services, Office of Inspector General, will ask the defendant corporation to enter into a CIA...
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Corporate Insider News:
Examining the Impact of the SEC's New Whistleblower Rules

See OnWallStreet's new piece about comments to the SEC on the implementation of whistleblower laws filed by Voices for Corporate Responsibility last week.

Click here.

 
Voices for Corporate Responsibility Comments to SEC that New Whistleblower Rules Don’t Go Far Enough


Click here for the comments of Voices for Corporate Responsibility, the Government Accountability Project, Change to Win, and the National Employment Lawyers Association on the Securities and Exchange Commission’s Proposed Rules for Implementing the Whistleblower Provisions of Section 21F of the Securities Exchange Act of 1934. The comments were filed Friday, December 17, 2010.

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Guttman, Pearlman Debate Dodd-Frank Whistleblower Rules

Click here for the full debate

 

Rapamune Lawsuit

  • Grant & Eisenhofer has filed a lawsuit against Wyeth Pharmaceuticals and its parent company, Pfizer, alleging unlawful marketing practices with regard to the immunosuppressant drug, Rapamune. A copy of the lawsuit can be found here.
 

Rapamune in the News