Filed in archive corporate crime
by leon on August 20, 2007
PricewaterhouseCoopers and IBM have settled allegations that the companies were involved in graft over government contracts.According to the Department of Justice press release, the firms had agreed...
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Filed in archive markets
by leon on August 18, 2007
In the fallout of the subprime debacle, the blame game has started and the ratings agencies are coming under plenty of fire with the European Commission now looking at whether they should be...
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Filed in archive Accounting
by leon on August 17, 2007
It has not been a great year for Dell. In January, Michael Dell took the reins again, turfing out Kevin Rollins. And from there, things started going from bad to worse.In March, I said that an...
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Filed in archive corporate crime
by leon on August 17, 2007
With the cost of military operations and diplomatic efforts in Iraq, Afghanistan and elsewhere around the world set to top $1 trillion over the next decade, and with the International Herald Tribune...
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This week I interviewed Professor Sydney Finkelstein who teaches at Dartmouth College in New Hampshire. Finkelstein is best known for his superb book Why Smart Executives Fail which identifies blind...
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Filed in archive litigation
by leon on August 16, 2007
Analysts might say the correction will not turn into a bear market but lawyers are warning that the credit meltdown could leave banks, hedge funds and private equity firms embroiled in costly...
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Filed in archive Ethics
by leon on August 15, 2007
How do you stop an analysts from downgrading your stock? Just do a few small favors and grease some palms.That's the finding from a study that reveals about two out of three analysts have...
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Filed in archive risk
by leon on August 15, 2007
Global markets are in turmoil, risk is being repriced and institutions are likely to put more pressure on companies to come clean on their contingent liabilities that include environmental,...
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Filed in archive SOX
by leon on August 14, 2007
In the past, I have talked about how Michael Oxley cashed in on his role as Sarbox co-author. First, he joined a law firm to help companies get around the law, then he becomes Nasdaq...
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Filed in archive executive pay
by leon on August 14, 2007
Last week's conviction of former Brocade chief executive officer Gregory Reyes of stock option backdating continues to send shivers through Silicon Valley.More indictments are likely to follow,...
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Filed in archive risk
by leon on August 13, 2007
The Internet is becoming a playground for criminals and has turned into a lawless "wild west'', according to a report out of Britain's House of Lords.The report says there the...
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Filed in archive Accounting
by leon on August 13, 2007
I have blogged about delinquent communities here, here and here.The problem with delinquent communities is that it's hard to bring all the perpetrators to justice. The lines are too blurred,...
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Filed in archive markets
by leon on August 11, 2007
You know things are really looking bad on the markets what the central banks start pumping in money to ease the liquidity crunch. And it seems to have worked for now with reports that things have...
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In the past I have talked about corporate delinquent communities here and here.Usually when there's corporate malfeasance, it involves a stack of people. Auditors look the other way, managers...
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Filed in archive Ethics
by leon on August 09, 2007
Who cares about corruption allegations? British defence and aerospace company BAE Systems has reported a higher than expected 19 per cent rise in first half profits, driven largely by its expansion...
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Filed in archive risk
by leon on August 09, 2007
With companies handling more and more private information, the risks of an IT security breach creating commercial harm to a company are very real. And to a large extent, avoidable.Breaches in IT...
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Filed in archive Accounting
by leon on August 08, 2007
Earlier this year, I talked about a new breed of CFO, the gun-for-hire who comes in for as little as a few months to do a specific job. And I raised the possibility that this could be a problem......
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Filed in archive Ethics
by leon on August 08, 2007
What does corporate responsibility mean for most companies? Apparently, it's all about the size of the checkbook.According to a global study, 2007 Corporate Social Responsibility: United States,...
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Filed in archive SOX
by leon on August 07, 2007
Sarbanes-Oxley compliance costs might have levelled off but other costs are increasing at a fierce rate, according to a survey released by lawyers Foley & Lardner.Costs have gone up because of...
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