Articles by Stephen Labaton



SEC to Tighten Pay Reporting Rules

  • 19 January 06
  • NEW YORK TIMES SERVICE
The U.S. Securities and Exchange Commission voted unanimously on Tuesday to overhaul the way companies report their pay packages for senior executives, a move that is expected to lead to greater disclosure but not to any significant decline in executive compensation.

Memo: Shell Officials Hid Shortfalls

  • 11 March 04
  • NEW YORK TIMES SERVICE
The new head of the Royal Dutch/Shell Group and its current chief financial officer, as well as the chairman ousted last week, were advised of huge shortfalls in proven oil and natural gas reserves in 2002, two years before they were publicly disclosed, according to company memorandums and notes of executive discussions.

U.S. Opens Fraud Investigation Into MCI

  • 28 July 03
  • NEW YORK TIMES SERVICE
Federal prosecutors have opened an investigation in the United States and Canada into accusations that MCI, the United States' second-largest long-distance carrier, defrauded other telephone companies of at least hundreds of millions of dollars over nearly a decade, people involved in the inquiry said.

Plan Calls for $842M to Go to SEC Coffers

  • 05 February 03
  • NEW YORK TIMES SERVICE
The White House on Monday announced the details of what officials said is the largest proposed budget increase in the history of the U.S. Securities and Exchange Commission.

SEC Oversight Chief Admits to Oversight

  • 01 November 02
  • NEW YORK TIMES SERVICE
Shortly before William Webster was appointed to head a new board overseeing the accounting profession by the U.S. Securities and Exchange Commission last Friday, he told the commission's chairman, Harvey Pitt, that he had until recently headed the auditing committee of a company that was facing fraud accusations, Webster said Wednesday.

Bush Urges Cut to SEC Funds

  • 21 October 02
  • NEW YORK TIMES SERVICE
Less than three months ago, U.S. President George W. Bush signed with great fanfare sweeping corporate anti-fraud legislation that called for a huge increase in the budget of the Securities and Exchange Commission to police corporate America and clean up Wall Street.

Political Brawl Erupts Over SEC Chairman

  • 11 October 02
  • NEW YORK TIMES SERVICE
The search led by U.S. Securities and Exchange Commission chief Harvey Pitt for a new top accounting regulator turned into a political brawl Wednesday as administration officials defended him against prominent Democrats who called for Pitt's removal.

Auditors Under Fire at Hearings

  • 28 January 02
  • NEW YORK TIMES SERVICE
U.S. lawmakers investigating the Enron Corp. said that new evidence showed that the company's auditors, Arthur Andersen, destroyed documents knowing that they might be relevant to criminal and civil investigations.

AA-BA Link Hits Turbulence

  • 19 December 01
  • NEW YORK TIMES SERVICE
The U.S. Justice Department has urged transportation officials to reject a proposed alliance between American Airlines and British Airways unless the two carriers sell some landing and takeoff rights to increase competition between the United States and London.

Rivals Blast Proposed Microsoft Settlement

  • 06 November 01
  • NEW YORK TIMES SERVICE
As they neared a deadline to accept or reject the proposed antitrust agreement between Microsoft and U.S. President George W. Bush's administration, a group of state prosecutors spent the weekend fielding growing complaints about the deal from scores of industry executives, technology experts and consumer groups.

FCC Approves GTE, Bell Merger

BP-Arco Merger Heads to Court

NEWS ANALYSIS: BP Merger With Arco Vexes Antitrust Body

U.S. May Stop BP-Arco Merger

Police Pull Out Stops to Net Porn-Hacker Team