Ten former directors at WorldCom have agreed to pay $54m (£28.85m), including $18m from their own pockets, to settle a class action lawsuit, reports say.
James Wareham, a lawyer representing one of the directors, told Reuters the 10 had agreed to pay those who lost billions when the firm collapsed
German-US car giant DaimlerChrysler is offering to cut executive pay in order to end a dispute over cost cuts.
Staff at the firm’s German plants have downed tools in protest at the plans to move jobs abroad unless 500m euros ($620m; £330m) in savings can be found.
But now the company says that its board members will accept a cut in pay if employees back down
More than £6.5m worth of business considered to be “unethical” was turned away by the Co-operative bank in 2003.
The UK based group said the value of business it had refused was 58% higher than in 2002