Word: kickbacks
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Chirac has lots to feel defensive about. His seven-year term has been punctuated by policy U-turns and dogged by corruption scandals. The allegations have ranged from involvement in illegal kickback schemes to misuse of public funds. To cap it all, an ipsos poll published two weeks ago showed Chirac's lead over likely Socialist challenger Prime Minister Lionel Jospin trickling away...
...FRANCE Blast from the Past When Didier Schuller fled into exile in 1995, he was under investigation for his role in a kickback scheme allegedly set up by President Jacques Chirac's RPR party. So Schuller's sudden return last week must have been a shock for Chirac, who is set to run for re-election. Schuller says he wants to "set the record straight," but the RPR suspects a Socialist plot. Either way, it was bad timing for Chirac; polls show him losing his lead over likely Socialist candidate Lionel Jospin, who has played up his "Mr. Clean" image...
...Internet bust has sharpened attention on Wall Street's myopia anew. Credit Suisse First Boston, which underwrote the world's hottest IPO--VA Linux Systems--is at the center of a kickback dustup. At least three government agencies are investigating who got what and whether outsize fees later paid to the firm constitute an illegal payoff. Lawsuits are piling up faster than dead dotcoms...
...Razor Kickback Scooter company--whose products strongly resemble patents issued to Ginger inventor Dean Kamen--instructed its employees not to talk to the press regarding recent developments...
...time during a Bush Administration, Bush's choice to succeed Cheney would have to be approved by both houses of Congress, a process set out in the 25th Amendment to the Constitution. In 1973, when Vice President Spiro Agnew was forced to step down in a kickback scandal, Richard Nixon named Gerald Ford to replace him, in part because Ford was House minority leader, which made quick approval in Congress more likely. By contrast, Ford's selection of Nelson Rockefeller, a congressional outsider, was held up for months by hearings into Rockefeller's finances...