GUEST COLUMN: The crime is in the cover-up We have all heard the tried-and-true phrase: “The crime is in the cover-up.” History has proven that phrase has merit, and recent examples demonstrate the proverb is still true.
Let’s explore some recent situations where business and political leaders may have yielded to the temptation of a cover-up when facing an investigation. Examining the recent missteps of others will provide insight into what you should and should not do if you or your organization are the subject of an investigation.
Sun, 31 Aug 2014 05:00:00 +0000 Inside Roche's $8.3 billion bid for InterMune Drug giant Roche blew away the competition and moved quickly with its $8.3 billion bid for InterMune Inc.
Yet Brisbane-based InterMune (NASDAQ: ITMN) still was able to get more than Roche’s original bid, according to a Securities and Exchange Commission document filed Friday.
Roche, the parent company of South San Francisco’s Genentech Inc., on Friday started offering InterMune stockholders $74 per share. That is $17 more than the only other company to formally bid for InterMune, according…
Sun, 31 Aug 2014 02:17:00 +0000 On the scene: A Taste of Colorado draws weekend crowds for meals and more (Slideshow) The place to be over Labor Day weekend was downtown Denver for the largest food festival in the state.
An estimated 100,000 people flocked to Civic Center Saturday for the 31st annual A Taste of Colorado, where more than 50 restaurants and organizations dished out small-size samples of meals.
"We usually get anywhere from 500,000 to 550,000" across Taste's four-day run, said Brittany Morris Saunders, vice president of public affairs for the Downtown Denver Partnership, which puts on the event.…
Sun, 31 Aug 2014 01:58:00 +0000 Why SMU's new $6.5M Chi Omega house went viral; it might not be what you think When Chi Omega's Iota Alpha chapter at Southern Methodist University decided to show off its new $6.5 million sorority house to the Dallas Business Journal, we were happy to feature the luxe digs on our website.
The story about the renovation of the former SMU Faculty Club into a 25,000-square-foot mansion-like home for 40 lucky Chi Omega sorority sisters struck a nerve, bringing in more than 650,000 page views and inspired other news organizations such as Cosmopolitan to report on our story.
Sun, 31 Aug 2014 01:22:00 +0000 Alibaba appears lined up for mid-September IPO Alibaba, the Chinese Internet giant whose transaction totals exceed Amazon and eBay combined, will reportedly set a price and begin its IPO road show the week of Sept. 8.
The Wall Street Journal cited unnamed sources on Saturday who said that will make the company's Wall Street debut likely to happen on Sept. 18 or Sept. 19.
The company led by founder Jack Ma is expected to surpass Facebook's $16 billion offering in May 2012, possibly exceeding $20 billion to become the biggest U.S. IPO on record.
Sat, 30 Aug 2014 18:14:00 +0000 Is Southwest Airlines ready to 'evolve' to court (more) business travelers? Could a surprising — some might say shocking — development at one of Europe's most notorious no-frills low-fare airlines portend any changes at America's low-fare, no-frills leader Southwest Airlines (NYSE: LUV)?
Earlier this week Dublin, Ireland-based Ryanair, a hugely-successful low-fare, no-frills carrier, said it would introduce a new "Business Plus" product aimed at attracting more business travelers to the carrier.
Over the years Ryanair has become famous — like few others — for putting…
Sat, 30 Aug 2014 16:00:00 +0000 Anthem College closing Sacramento campus A local school is on a list of Anthem College campuses that will close permanently.
On Friday, the for-profit technical college announced the closure of its Sacramento campus at 9738 Lincoln Village Drive. Parent company Anthem Education filed for bankruptcy Aug. 25, and then attempted to sell some of its campuses to International Education Corporation, according to a report from Inside Higher Ed.
Federal regulators did not approve that sale, leading to the closure of campuses including the Sacramento…
Sat, 30 Aug 2014 15:38:00 +0000 Shoreline legal debate over Downtown Transit Center clear as mud The downtown lakefront debate is a shining example of how one person’s frivolous lawsuit is another’s sure legal victory.
Preserve Our Parks is poised to sue Milwaukee County if it tries to sell the Downtown Transit Center for the Couture development. Parties on both sides will tell you the other has no legal merit.
(See more on the transit center debate and what it means to the future of the lakefront in the Aug. 29 issue of the Milwaukee Business Journal.)
At question is whether the state…
Sat, 30 Aug 2014 13:00:00 +0000
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