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Leslie Wayne


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Employee/Freelancer/Contractor (past or present) New York Times Source Jul 14, 2009

Articles and Resources

Date Fairness.com Resource Read it at:
Jul 14, 2009 Calpers Sues Over Ratings of Securities

QUOTE: Calpers maintains that in giving these packages of securities the agencies’ highest credit rating, the three top ratings agencies — Moody’s Investors Service, Standard & Poor’s and Fitch — “made negligent misrepresentation” to the pension fund, which provides retirement benefits to 1.6 million public employees in California. The AAA ratings given by the agencies “proved to be wildly inaccurate and unreasonably high,” according to the suit, which also said that the methods used by the rating agencies to assess these packages of securities “were seriously flawed in conception and incompetently applied.”

 New York Times
May 29, 2009 A Promise to Be Ethical in an Era of Immorality

QUOTE: the issue of ethics and corporate social responsibility has taken on greater urgency among students about to graduate. While this might easily be dismissed as a passing fancy — or simply a defensive reaction to the current business environment — business school professors say that is not the case.

 New York Times
May 25, 2009 Localities Want U.S. to Support Muni Bonds

QUOTE: the proposals are meant to help struggling state and local governments that are facing a cash-flow squeeze...The risk to the federal government is that it could lose money if things get worse for municipalities and states.

 New York Times
May 14, 2009 Go-Between Tied Funds to Carlyle

QUOTE: Several people paid by Mr. Leuschen’s firm [Carlyle/Riverstone energy investment fund] have pleaded guilty or been charged in the New York scandal in recent weeks for essentially arranging bribes. Federal securities officials have described the New York payments as part of a “fraudulent scheme to extract kickbacks.”

 New York Times
Aug 31, 2007 Democratic Donor Turns Himself In

QUOTE: Investigators believe that after Mr. Hsu skipped his court appearance in 1992, he went to his native Hong Kong and then continued working in the garment trade. At some point, Mr. Hsu, a naturalized American citizen, returned to New York and in 2003 made the first of what became hundreds of thousands of dollars in contributions to Democratic campaigns around the nation.

 New York Times
Mar 28, 2007 ITT Guilty of Revealing Classified Military Data

QUOTE: This is the largest conviction of a big military contractor for violations of arms export controls, and ends a five-year federal investigation in which the government found ITT to have enlisted a front company to “set up an end run” around laws limiting the transfer of military technologies to other countries.

 New York Times
Jul 07, 2006 Boeing deal riles senators: Lawmakers say settlement shouldn't be tax-deductible

QUOTE: Three prominent Republican senators have written to Attorney General Alberto Gonzales to express concern that The Boeing Co. may be allowed to take a tax deduction for a $615 million settlement reached last week with the government. The three senators...said in the letter that allowing Boeing to deduct payments to settle government ethics charges "would be unacceptable."

 Seattle Post-Intelligencer
Apr 25, 2006 Executive Says His 'Rules' Didn't Properly Credit Another Text

QUOTE: The chief executive of the Raytheon Company, William H. Swanson, acknowledged yesterday that he did "not properly credit" a 1944 engineering text when he wrote a book of management advice that included passages from the earlier text.

 New York Times
Nov 30, 2004 Five in Texas Are Accused of Reporting False Trades

QUOTE: Federal prosecutors charged former traders for the El Paso Corporation, Dynegy Inc. and the Reliant Energy Corporation with conspiracy, wire fraud and false reporting, accusing them of providing bogus pricing data to industry newsletters that calculate indexes used as the basis for future natural gas supply contracts.

 New York Times
Oct 12, 2004 Air Force Asks for Broader Inquiry Into Charges of Favoritism in Boeing Contracts

QUOTE: The Air Force asked the Pentagon yesterday to broaden its investigation into a procurement scandal to include more contracts that a former official admitted improperly awarding to Boeing, including a $4 billion contract to upgrade software on the C-130 transport airplane.

 New York Times
Apr 20, 2003 Creative Deal or Highflying Pork?

QUOTE: The proposal would lease 100 planes — Boeing 767 airborne refueling tankers — to the Air Force. To critics, it is a perfect example not only of creative accounting but also of the political pork that has crept into government spending since the terrorist attacks of Sept. 11, 2001.

 New York Times
Jun 13, 2002 Roman Catholic Church Faces Questions About Finances

QUOTE: ...American Roman Catholic church now faces a new wave of scrutiny about how its finances are handled, particularly because of the large and confidential settlements that dioceses have reached with victims of that abuse.

 New York Times