3/5/09

Switzerland does not allow UBS to transfer data to the US

Switzerland does not consider tax evasion a crime, and Swiss law prohibits disclosure of client data or names unless the country's authorities believe the client has committed a serious crime such as money laundering or tax fraud. [more...]

GM Chapter 11 would be the best!

GM sux!
GM also disclosed Thursday that Chief Executive Rick Wagoner received a pay package worth $14.9 million in 2008, although $11.9 million of his compensation was in stock and options whose value plummeted to $682,000 as GM's share price sank.

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