1. Inside MassMutual Scandal, An Angry Wife Sparked Probes.
- Author
-
Bandler, James, Lublin, Joann S., and Francis, Theo
- Subjects
- *
WHITE collar crimes , *CORPORATE governance , *CHIEF executive officers , *CORPORATE corruption - Abstract
Discusses a scandal and internal investigation at MassMutual Financial Group. The discovery that Chief executive Robert J. O'Connell had a supplemental retirement account of more than $30 million which was under the supervision of company executive Susan Alfano; Allegation of Claire O'Connell that her husband was having an affair with Alfano; Reasons for the board's decision to fire O'Connell; Investigation of the ex-CEO by the Massachusetts Attorney General Tom Reilly; Financial and business information for MassMutual; How shadow retirement accounts work with hypothetical transactions; Details of the alleged activities of O'Connell and Alfano, as well as findings of the MassMutual board's investigations.
- Published
- 2005