- Reversing its long market-share slide.
- Earning a billion dollars in the first quarter.
- Agreeing to sell most of its only consistently profitable business.
- Showing a profit in the key North American auto operations.
Click for the answer! 2. Former Enron CEOs Jeff Skilling and Ken Lay
- "Some things work and some things don't."
- "That's when I started climbing back."
- "I had lost credibility with the Street, meaning Wall Street."
- "I had a good run there."
Click for the answer! 3. Match the inane if hard-hitting comment with the appropriate event.
- "Success is the byproduct of an unwavering commitment to customers, employees, partners and shareholders."
- The board "consists of individuals of significant character and credibility, selected for their acumen and ability to challenge and add value to management."
- The CEO "and his management team are very impressive, and I'm confident the company will not miss a step."
- "As we say in France ... the mayonnaise did not hold."
- Microsoft (MSFT) promotes Ray Ozzie and Craig Mundie.
- U.S. attorney asks Juniper (JNPR) for stock-option information.
- Alcatel (ALA) revives failed plan to buy Lucent (LU).
- Cisco (CSCO) giving CEO John Chambers an added chairman's post.
Click for the answer! 4. Vonage ( VG) managed to raise $531 million in a May initial public offering, but shares of the Holmdel, N.J., Internet phone company tanked soon after they started trading on the New York Stock Exchange. How did Vonage execs describe their marketing strategy in a June press release?
- "Sometimes doing stupid things has its smarts."
- "It just won't work."
- "In my mind, I don't own this stock."
- "I had the juice. I could have done something."
Click for the answer! 5. Sirius ( SIRI) and CBS ( CBS) agreed last month to settle a huge legal dispute over shock jock Howard Stern's actions in his last year with CBS' radio unit. How much did Sirius agree to pay CBS to settle the suit?
- $24.5 million
- $22.7 million
- $18.3 million
- $2 million
Click for the answer! 6. Fannie Mae ( FNM) agreed in May to pay $400 million to settle a long-running investigation of its accounting. The company fostered an "arrogant and unethical corporate culture" under former chief Frank Raines, charged the Securities and Exchange Commission and the Office of Federal Housing Enterprise Oversight. Match the Fannie watcher with his response.
- Rep. Richard Baker
- OFHEO chief James Lockhart
- Former Sen. Warren Rudman
- Raines lawyer Robert Barnett
- Former top execs "did serious harm to Fannie Mae while enriching themselves through earnings manipulation."
- Raines "should be accountable for what happened within the organization, regardless of personal involvement or fault."
- "Even after Fannie's accounting problems initially came to light, senior management at Fannie acted like a thug."
- Raines "contributed to a culture that improperly stressed stable earnings growth."
Click for the answer!