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Al's Emporium: Imagination at Work

Mary Schapiro did not bring good things to life as head of the Securities and Exchange Commission. Now she's off to General Electric.Last week, GE said it nominated the career regulator to its board of directors. At the SEC, Ms. Schapiro made $165,000 a year for ceaseless work. At GE, she'll make $250,000 for part-time work."Her understanding of corporate governance and financial regulation will be of great benefit to GE," CEO Jeffrey Immelt said.If the SEC were an airline, GE would be one of its frequent fliers. In 2009, GE paid $50 million to settle accounting-fraud charges. "GE bent the accounting rules beyond the breaking point," said Ms. Schapiro's then-director of enforcement, Robert Khuzami, in an official news release. Typical of SEC settlements, GE neither admitted nor denied guilt.In 2010, GE paid $23.4 million to settle charges stemming from a kickback scheme with Iraqi government agencies. "Offshore does not mean off-limits," Mr. Khuzami said. "Bribes and kickbacks are bad ...

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  1. LUKOIL says looks into Exxon offer on Iraqi oil: report

    Russia's second largest crude producer LUKOIL said on Friday it will study an offer from Exxon to take over the West Qurna-1 oilfield in Iraq, Interfax news agency s...

  2. LUKOIL says looks into Exxon offer on Iraqi oil-report

    Russia's second largest crude producer LUKOIL said on Friday it will study an offer from Exxon regarding Iraq's West Qurna-1 oilfield, which the U.S. major wants to ...

  3. Iraq says Exxon to quit oilfield, ends Turkey TPAO deal

    Exxon Mobil has informed the Iraqi government it wants to pull out of a $50 billion oil project, and Baghdad expelled Turkey's state oil operator from another contra...

  4. Gasparino: Did Biden’s Brother Benefit from Ties to VP?

    FBN's Charlie Gasparino breaks down details of a potentially lucrative deal involving James Biden, the brother of the vice president.

  5. The Ties that Biden

    David Richter, the president of Hill International (NYSE:HIL), a mid-sized outfit that manages construction projects, was speaking last year at a private meeting wit...

  6. Iraq not informed about Exxon move on West Qurna: sources

    Exxon Mobil has not informed Iraq of its interest in quitting the country's West Qurna oilfield project, and no meetings have been held between the two sides to disc...

  7. Iraq, Kurds May Reach Draft Oil Law Pact Soon

    The federal government in Baghdad and the semi-autonomous region of Kurdistan in northern Iraq could soon reach an agreement on a new draft hydrocarbon law that woul...

  8. Chevron Barred from Deals in Central, Southern Iraq

    The second-largest U.S. energy company, Chevron Corp. (CVX), will be barred from contracts in central and southern Iraq because the California company bought stakes ...

  9. Chevron Barred From Deals In Central, Southern Iraq - Oil Ministry

    The second largest U.S. energy company Chevron Corp. (CVX) will be barred from contracts in central and southern Iraq because the Californian company bought stakes i...

  10. Report: Exxon, Rosneft in Talks to Tap Major Iraqi Oilfield

    Days after announcing an expanded partnership in the Russian arctic, Rosneft is reportedly in talks with ExxonMobil (NYSE:XOM) to nab a 20% stake in the U.S. oil maj...

  11. Halliburton Gets $95 Million Gazprom Neft Contract In Iraq

    U.S.-based energy services giant Halliburton Co (HAL) has won a $95 million contract from Russian state oil producer OAO Gazprom Neft (SIBN.RS) to test and complete ...

  12. Iraq Barred Exxon From May Energy Auction Over Kurdish Deal

    Exxon barred from Iraq energy auction over Kurdish deals-Iraq asked company to choose between Kurdish and central government deal-Iraqi official warns Exxon could fa...

  1. Iraq Budget Deepens Dispute Over Kurdish Oil Revenues

    AMMAN, Jordan--The Iraqi parliament Thursday passed a budget for 2013 that allocated to Kurdistan just a fraction of the oil revenue requested by the semi-autonomous...

  2. China willing to join Exxon at giant Iraq oilfield

    China is willing to join Exxon Mobil in a giant Iraqi oilfield project, a top executive said on Tuesday, which could see Beijing come to dominate Iraq's oilfields an...

  3. Oil-for-Food Corruption Trial Opens in Paris

    The trial of Total SA (TOT) and its Chairman and Chief Executive Christophe de Margerie for alleged corruption and bribery--in connection with the U.N.-led Oil-for-F...

  4. Lukoil CEO: 2013 Oil Production Seen Up 1.5% -Report

    Russia's second-largest oil producer OAO Lukoil Holdings (LKOH.RS) plans to increase its 2013 oil production by 1.5%, the company's chief executive said Tuesday, Int...

  5. Crude Oil Futures Hover Below Four Month Highs

    Crude-oil futures were lower in Asian trading Friday, but still hovering near four-month highs and headed for a fifth week of gains as Saudi Arabian oil supply eases...

  6. Exxon in talks with buyers for Iraq West Qurna 1 field: Shahristani

    Exxon Mobil is in advanced stages of discussions with potential buyers to take on the West Qurna 1 oilfield, Deputy Prime Minister for Energy Hussain Shahristani sai...

  7. Total Says Unclear if Iraq Wants it to Exit Halfaya

    Total S.A.'s (TOT, FP.FR) chief executive Christophe de Margerie said Sunday that it is not clear if Iraq wants the French oil giant to withdraw from a major souther...

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