Economics: The directors, executives, and auditors of four Icelandic banks for demonstrating that tiny banks can be rapidly transformed into huge banks, and vice versa (and for demonstrating that similar things can be done to an entire national economy). The CEO’s of Iceland’s collapsed banks have been honored at the Ig Nobel . This is [...]

Why is DV.is picking on Hreidar Mar Sigurdsson’s mom? Could it be because it seems strange that the Kaupthing boss who justified his lavish salaries and bonuses with all the “responsibility” he had, directed the bank’s business and thereby the money of his shareholders towards his mother’s gift products business? It was extremely difficult for [...]

Ottar Palsson, CEO of failed Straumur Investment Bank has written a formal apology letter, published in Frettabladid today. Ottar leads a group of Straumur top management who asked for billions of ISK in bonuses for maximising profits in the impending sale of Straumur’s assets. “In the light of the discussion from the last few days, [...]

Since Newsweek was pointing fingers this week with its “Who’s to blame” report, it only makes sense that Icelanders start extending their index fingers. For every Fred Goodwin, there is a Bjarni Armannsson and for every David Oddson…well there are actually few people who could have made as much mess in history as David Oddson. [...]

Now that they are safe with the money they managed to transfer abroad, the chief architects of the Icelandic “economic miracle” are leaving the country. So no help with the IceSave bill from them. Hannes Smarason and Bjorgolfur Thor have been hiding in London and Cyprus according to the media. Bjarni Armannsson ran away to [...]

Shortly after the crash in October, news came from Kaupthing that key employees had just been relieved of their liabilities towards loans they’d been granted to buy shares in the bank. That decision was made by the bank’s management, with the approval of the bank’s head lawyer, Helgi Sigurdsson. Now, DV.is has revealed the amounts [...]