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Corporate Governance

Former Abercrombie CEO arrested on allegations of forcing men to have sex with him

Longtime former Abercrombie CEO Mike Jeffries and his partner Matthew Smith were arrested Tuesday in Florida in connection with sex trafficking charges, Breon Peace, U.S. attorney for the Eastern District of New York, announced in a news conference Tuesday. According…

A possible dock workers’ strike could lead to product shortages and high prices ahead of the holidays

NEW YORK (AP) — U.S. ports from Maine to Texas could close Tuesday if a union representing about 45,000 longshoremen holds out an impending strike. A prolonged shutdown could drive up prices for goods across the country, potentially leading to…