Magna Cum Fraud: Top Schools for Scoundrels

Lehman's last CEO steels himself for anniversary of firm's collapse

(NEWSER) - Former Lehman CEO Richard Fuld is ready to get dumped on again as the anniversary of the company's collapse nears, he told a Reuters reporter. Fuld was widely blamed for leading Lehman into the biggest bankruptcy in US history, although former execs are still bitter that rivals Bear Stearns, Merrill Lynch, Morgan Stanley and Goldman Sachs were either married off or bailed out. "They're looking for someone to dump on now, and that's me," Fuld said. "You know what they say? 'This too shall pass.'" More»

Want a job? Avoid fine art, according to 'Daily Beast' list

(NEWSER) - Hey, college students: If your life plans include getting an actual job, you may want to avoid the stars of the Daily Beast 's "most useless" majors list. Majors are ranked in terms of employment, taking into account unemployment rates among recent and experienced grads, earnings, and likely job growth this decade. The list contains a few surprises—sure, fine arts won't get you far, but neither will hospitality management:

1. Fine arts (12.6% unemployment among recent grads; recent grads earn an average $30,000)
2. Drama and theater arts (7.8%, $26,000)

Harvard, Princeton top universities list

(NEWSER) - US News and World Report has released its latest college rankings, and it’s full of the usual suspects, with Harvard, Princeton, and Yale topping the list; not much has changed since last year . Among liberal arts colleges , Williams, Amherst, and Swarthmore lead the pack. The magazine also presents its best universities in the world : The UK is on top, with Cambridge at No. 1, followed by Harvard and Yale (don’t ask us why Yale beats Princeton worldwide but not nationally). More»

Liberty Media boss Gregory Maffei rakes in $87.1M

(NEWSER) - Last year was a tough one—but the nation’s top-earning CEOs had little to complain about when it came to pay. The Wall Street Journal lists the bosses with the highest direct compensation at companies whose annual revenue broke $4 billion for the year ending Sept. 30, 2010:

1. Gregory Maffei, Liberty Media, $87.1 million
2. Lawrence Ellison, Oracle, $68.6 million
3. Ray Irani, Occidental Petroleum, $52.2 million
4. Carol Bartz, Yahoo, $44.6 million

Execs may land in court for disguising bad investments

(NEWSER) - Lehman Brothers tried to buy itself time by manipulating accounting gimmicks to disguise its bad investments, according to a court-ordered report on the firm's demise. The exhaustive, 2,200 page report found that execs, including former CEO Richard Fuld, could be held legally liable for the "materially misleading" attempt to disguise the state of its finances ahead of its collapse in 2008, the Guardian reports. More»