Lee Jae-yong’s case had raised questions about the immense power that chaebol leaders wield and the legal system holding them to account in South Korea.
Category: Ethics and Official Misconduct
-
Morgan Stanley to Pay $249 Million in Block Trading Investigation
Federal prosecutors found at least one employee at the Wall Street firm had committed deceptive practices in handling trades of large blocks of stock from 2018 to 2021.
-
U.S. Diet Panel Adds Another Researcher With Alcohol Industry Ties
After dropping two Harvard experts who had received industry support, the National Academies turned to a colleague with a similar background.
-
Chaebol Families Dominate South Korea’s Economy: What to Know
Conglomerates that sprawl across the society trace their roots to the nation’s rise into a world power and have been tightly controlled for generations.
-
BP Takes Tough Line With Former C.E.O. Over Relationships With Colleagues
The oil giant said Bernard Looney had “knowingly misled the board” about the relationships and was not entitled to $40 million.
-
Bill Ackman’s Campaign Against Harvard Followed Years of Resentment
The billionaire investor has mounted a high-profile battle against Harvard president Claudine Gay over antisemitism and threats to Jewish students on campus, but long-held personal grudges play a part, too.
-
The Undoing of George Santos
Lying is one thing in politics. But lying and stealing for the sake of Ferragamo and Hermès?
-
OpenAI Shows that A.I. May Have an Inherent Governance Issue
OpenAI’s intricate structure, which contributed to the ouster of Sam Altman, is complex by design.
-
Warring Billionaires, a Rogue Trader, a Divorce: One Hedge Fund’s Tale of Woe
Two Sigma, the $60 billion quantitative trading firm, has been beset by troubles this year that have tarnished its image and could hurt its future.
-
Jazmine Hughes Resigns From New York Times After Signing Letter Protesting War
The writer, Jazmine Hughes, who has won awards for her work, had signed another letter of protest this year.
-
Sam Bankman-Fried’s Risky Defense Strategy Faces a Big Test
The fallen crypto mogul’s decision to take the stand was long seen as a gamble. That risk will come into focus again on Tuesday as his testimony continues.