daveo0331's Journal: Former CEO of Vivendi arrested in France

Update: Found a better article at http://biz.yahoo.com/ap/040621/france_vivendi_7.html

http://www.hollywoodreporter.com/thr/article_display.jsp?vnu_content_id=1000536449

Jean-Marie Messier, former CEO of Vivendi (RIAA member), has been taken into police custody in France. Apparently he did some illegal share repurchases, causing the company's shareholders to lose money. He's also under investigation for insider trading and share price manipulation.

Am I surprised that Enron-style shenanigans have spread to Big Music? Of course not.

Messier left the company in July 2002.

Remember, when you buy RIAA music, this is the kind of people you're giving your money to. Find other places to shop instead.