U.S. Securities and Exchange Commission - News, Features, and Slideshows

News

• IBM's Rometty nets $16.2 million in first year as CEO

  IBM CEO Ginni Rometty earned a $16.2 million pay package in 2012, while her predecessor, Sam Palmisano, made more than double that for his role as chairman and senior adviser to IBM.

• Former research analyst charged in IBM insider trading case

  U.S. authorities have charged a former research analyst at a financial services firm with insider trading offenses related to the 2009 acquisition of software vendor SPSS by IBM.

• Sprint offers $2.1 billion for remaining shares of Clearwire

  Sprint Nextel has offered US $2.1 billion, or $2.90 a share, for the nearly one-half interest in mobile broadband firm Clearwire that the company doesn't already own.

• Even with prep, did Wall Street's business continuity plans fail?

  A report slams Wall Street for lack of foresight in preparing for a megastorm the size of Hurricane Sandy, stating that the New York Stock Exchange shut down for two days in part because it was not ready to use an all-electronic trading system during the disaster.

• Apple awards senior execs $60 million each

  Apple last week awarded six senior executives $60 million each in stock contingent on them staying with the company through mid-March 2016.

• Cisco CEO's pay falls 32 per cent

  CEO John Chambers received compensation valued at $12.9 million in Cisco's 2011 fiscal year, a period when the company restructured operations, shuttered its Flip video cam business and eliminated more than 12,000 jobs. His total pay package is down 32% compared to 2010, when Chambers received $18.9 million, according to documents filed this week with the U.S. Securities and Exchange Commission.

• Infosys faces grand jury as visa probe broadens

  Indian offshore giant Infosys is facing a federal grand jury probe over the use of B-1 visas by its workers, an inquiry that was touched off by a lawsuit filed by a U.S. employee of the company.

• NBN Co chief issues statement on US bribery case against Alcatel-Lucent

  NBN Co chief, Mike Quigley, has been forced to issue a statement regarding the bribery case by US authorities against Alcatel-Lucent, following reports of discrepancies between his public statements about his former employer and US court documents.

• LinkedIn to sell shares for $32-$35 in upcoming IPO

  Professional social networking site LinkedIn is gearing up for its initial public offering, reporting that it plans to offer 7.84 million shares for $32 to $35 per share.

• Yahoo CEO Carol Bartz gets $11.9 million after 75% pay cut

  Carol Bartz's compensation was slashed by 75 per cent in 2010, but the Yahoo CEO still managed to take home a hefty $11.9 million pay package. A year earlier, Bartz received compensation valued at $47.2 million, according to documents filed Friday with the U.S. Securities and Exchange Commission.

• SEC charges IBM with bribing Korean, Chinese officials

  The U.S. Securities and Exchange Commission has charged IBM with giving hundreds of thousands of dollars in bribes to South Korean and Chinese officials starting in the late 1990s, according to court documents filed Friday.

• VMware taps ex-Microsoft execs to battle Microsoft

  VMware's Paul Maritz has given up his title of president to four senior executives who will serve as co-presidents of the EMC-owned company as it increasingly goes up against Microsoft in the virtualization market.

• Facebook eyes possible IPO, public financial disclosures

  Just days after news surfaced that Facebook had received a massive cash infusion, reports are out that the social network is preparing to disclose financial information or prepping for an initial public offering.

• Report: SEC investigating Mark Hurd's departure from HP

  The U.S. Securities and Exchange Commission has opened an information investigation into the circumstances surrounding Mark Hurd's departure from Hewlett-Packard, <a href="http://online.wsj.com/article/SB10001424052748703886904576032172729520868.html?mod=WSJ_hp_LEFTTopStories">The Wall Street Journal reported Monday</a>.

• Security still an issue for cloud customers

  <a href="http://www.infoworld.com/d/cloud-computing">Cloud computing</a> may offer a quick and inexpensive way to build an online business, but customer fears about security still must be allayed.