Whole Network Accounting boards of directors Compliance Ethics executive pay SOX strategy


Apple un-backdates stock options Title: Apple un-backdates stock options
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Filed in archive executive pay by leon on March 18, 2007

The sound you hear is Apple chief Steve Jobs digging himself out of the hole he has helped create by all those backdated options.First at one end, a Disney probe has confirmed there was some...

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CEO invincibility - why they turn bad Title: CEO invincibility - why they turn bad
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Filed in archive SOX by leon on March 16, 2007

With the jury selected in the Conrad Black trial, it's worth looking at why some corporate leaders go off the rails? Is it greed? Arrogance?Tom Walker's thought-provoking piece in the Atlanta...

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SEC's Cox says SOX should be fixed, not wiped Title: SEC's Cox says SOX should be fixed, not wiped
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Filed in archive SOX by leon on March 16, 2007

The US Chamber of Commerce might have come out with its plan to water down Sarbanes-Oxley but Securities and Exchange Commission chairman Christopher Cox has told them they're dreaming.In his...

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The HP saga: big wins for Hurd and Dunn Title: The HP saga: big wins for Hurd and Dunn
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Filed in archive corporate governance by leon on March 15, 2007

After a hellish few months, Hewlett-Packard chief executive Mark Hurd and former chairwoman Patricia Dunn have had huge boosts.First, HP shareholders have come out with a huge vote of confidence in...

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Subprime tremors: is this the tipping point? Title: Subprime tremors: is this the tipping point?
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Filed in archive markets by leon on March 15, 2007

That's the question the world is asking as the US stock market continues to twist and turn on the fulcrum of anxieties over the subprime market.And while it's by no means clear that the...

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Markets in turmoil but red tape rollback push continues Title: Markets in turmoil but red tape rollback push continues
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Filed in archive SOX by leon on March 14, 2007

Talk about fiddling while Rome burns!The slowly unfolding disaster of the subprime lending industry hits US stocks and markets worldwide, but the Bush administration and CEOs seem to think the real...

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Interview with Axentis president Ted Frank Title: Interview with Axentis president Ted Frank
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Filed in archive Compliance by leon on March 14, 2007

The other day I had a chat with Axentis president Ted Frank.Axentis is regarded as one of the leading providers of governance, risk and compliance (GRC) management solutions.We talked about why...

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Warming deniers ignored by the market Title: Warming deniers ignored by the market
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Filed in archive risk by leon on March 13, 2007

The debate about global warming seems to have moved on but the climate change contrarians are still getting some traction. Whether it's in Australia, with the Lavoisier Society, or Channel Four...

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Conrad Black: Trump that! Title: Conrad Black: Trump that!
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Filed in archive corporate crime by leon on March 13, 2007

In a surprise development, it's been revealed that real estate tycoon Donald Trump is set to appear as a defence witness at Conrad Black's fraud and racketeering trial which kicks off this...

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Heat on Citigroup case Title: Heat on Citigroup case
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Filed in archive litigation by leon on March 12, 2007

Interesting development in the Australian corporate regulator's insider trading conflict of interest lawsuit against Citigroup (that's Citigroup's Sydney headquarters in the photo).The...

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Short-term CFOs, short-term strategy Title: Short-term CFOs, short-term strategy
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Filed in archive Accounting by leon on March 12, 2007

Just this year, I have blogged on the high turnover of chief financial officers here, here and here.Companies pay a price for this, in more ways than one.A recent survey conducted by Duke University...

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Are celebrity CEOs really worth big bucks? Title: Are celebrity CEOs really worth big bucks?
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Filed in archive executive pay by leon on March 12, 2007

There has been no shortage of celebrity CEOs. Steve Jobs, Bill Gates, Jack Welch, Lou Gerstner, and in her day, Carly Fiorina, just to name a few. But what impact does a celebrity CEO have on the...

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Michael Oxley: gamekeeper turned poacher Title: Michael Oxley: gamekeeper turned poacher
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Filed in archive SOX by leon on March 10, 2007

SOX co-writer Michael Oxley, who retired from Congress in January, is moving on. The architect of the law designed to stamp out corporate corruption is joining the law firm Baker Hostetter, according...

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Nick Leeson wants to come back Title: Nick Leeson wants to come back
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Filed in archive Ethics by leon on March 09, 2007

The saga of the infamous rogue trader Nick Leeson never ceases to fascinate. Twelve years ago, Leeson's trades bankrupted Barings, the bank which had put up the money for the Louisiana Purchase...

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The haves and the have yachts Title: The haves and the have yachts
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Filed in archive executive pay by leon on March 09, 2007

PricewaterhouseCoopers is forecasting that London is set to eclipse Paris and Chicago as the fourth biggest economy among world cities by 2020, as reported by the BBC, so it's no surprise that the...

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Backdating and 9/11 Title: Backdating and 9/11
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Filed in archive executive pay by leon on March 08, 2007

In the middle of last year, The Wall Street Journal broke a disturbing story about companies cashing in on the market decline that came after 9/11 by issuing more stock options to their executives...

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Starbucks is starstruck Title: Starbucks is starstruck
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Filed in archive corporate reputation by leon on March 08, 2007

It hasn't been a great year for Starbucks.Last month, there were the revelations of the memo from chairman Howard Schultz suggesting the global coffee giant had lost its mojo.We've also seen...

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Conrad Black fell for website hoax Title: Conrad Black fell for website hoax
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Filed in archive corporate crime by leon on March 07, 2007

Last week, I looked at Conrad Black's claims that there was a growing army of support for him and at a suspicious-looking and totally-over-the-top website backing the disgraced media mogul, even...

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The reach of Sarbanes-Oxley: no-one's safe Title: The reach of Sarbanes-Oxley: no-one's safe
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Filed in archive SOX by leon on March 07, 2007

In early 2006, I did a blog entry looking at how Sarbanes-Oxley may have figured in the Plamegate affair.Simply put, the Act's broad definition of obstructing justice by destroying or concealing...

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Taxing times for the Big Four's havens Title: Taxing times for the Big Four's havens
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Filed in archive Accounting by leon on March 07, 2007

Do the Big Four help their clients dodge tax by shifting their money into offshore havens?You bet, says a report from the British-based Tax Justice Network, a group of a group of accountants and...

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