Business Services Industry
SHAREHOLDERS WAIT FOR PIECE OF SETTLEMENT: WASTE'S $220-MIL. PAYOUT ONE OF LARGEST IN HISTORY.(Waste Management Inc.)(Statistical Data Included)
Crain's Chicago Business, October, 1999 by BROWN, BOB
Thousands of current and former Waste Management Inc. stockholders will share in a $220-million settlement that resolves class-action lawsuits dating back two years that alleged that the company inflated earnings. Disgruntled investors filed more than a dozen civil lawsuits after Waste Management's stock price plunged in October 1997 when the company lowered earnings amid concerns about questionable accounting practices.
The complaints alleged that the company boosted profits to keep stock prices high. Similar lawsuits were filed against Waste Management this summer after the company disclosed a $150-million revenue shortfall and its stock price subsequently fell more than 50%. Those lawsuits are pending. A foundering Waste Management was bought out in...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
