Filed in archive SOX
by leon on October 31, 2006
There is no doubt that Sarbanes-Oxley is costly. Which is why American business, with the help of the Bush administration, is moving to reduce the impact of SOX, and limit the liability of...
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Filed in archive Ethics
by leon on October 31, 2006
Interesting question raised by Forbes about ethics officers. Noting that an ethics officer did not help Hewlett-Packard, Forbes asks the rhetorical question: Chief Ethics Officers: Who Needs Them?The...
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Filed in archive markets
by leon on October 30, 2006
These are worrying times. The boom in private equity, driven in part by the hunger of mutual and super funds looking for big returns, low interest rates and regulatory constraints of public...
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Filed in archive Ethics
by leon on October 30, 2006
Who wants a slice of this?With Halliburton getting ready to float its engineering and construction subsidiary KBR, we now have a news report how KBR is hiding critical information from US taxpayers...
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Filed in archive Compliance
by leon on October 29, 2006
Is this a sign of things to come worldwide?Green pressure groups in Britain are now pushing for a change in the listing rules which would require companies floating on the London Stock Exchange to...
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Filed in archive SOX
by leon on October 28, 2006
What impact has Sarbanes-Oxley had on the audit profession?So far, most of the attention has been on the costs it's imposed on companies.For example, with the law due for changes when the...
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Filed in archive executive pay
by leon on October 27, 2006
As expected, former New York Stock Exchange chairman Richard Grasso has told a state appeals court that he will challenge last week's ruling from Justice Charles E. Ramos that he return as much...
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Filed in archive regulators
by leon on October 26, 2006
The Securities and Exchange Commission, panned by Congress for its handling of a trading probe that entangled Morgan Stanley CEO John Mack, is now under investigation from the Government...
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Filed in archive Ethics
by leon on October 26, 2006
Oh-so-serious Yale student Aleksey Vayner has become a celebrity of sorts (well, not the sort he was hoping to be) when his preposterously funny 11-page CV and accompanying video he submitted to UBS...
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Filed in archive Accounting
by leon on October 25, 2006
Good times for beancounters will continue to roll in next year because of the shortage of accountants and the demands of Sarbanes-OxleySalaries for finance specialists are set to increase 3.8 per...
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Filed in archive corporate crime
by leon on October 25, 2006
As expected, Jeff Skilling had the book thrown at him on Monday and got an effective life sentence. With the smart money betting on the former Enron CEO getting a 20 to 30 year sentence, a jail term...
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Filed in archive Ethics
by leon on October 24, 2006
On the face of it, it's good news. But look closer, and you have to start wondering.Just about every company board is now more involved in the company's ethics and compliance program,...
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Filed in archive SOX
by leon on October 24, 2006
The debate about whether SOX is driving companies away from the US market, and whether more are listing overseas because of SOX-related costs is about to move into over-drive. But the big shift will...
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Filed in archive executive pay
by leon on October 23, 2006
New York Attorney General Eliot Spitzer won a stunning court victory last week to overturn former new york stock exchange chairman Dick Grasso's outsized $187 million pay package.What's still...
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Filed in archive SOX
by leon on October 23, 2006
Another sign that Sarbanes-Oxley is being reassessed and could be watered down in the next few months. The big question is whether it's gonna be an overhaul or just a tweak.The latest indication...
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Filed in archive corporate crime
by leon on October 21, 2006
Ken Lay's conviction has been wiped, Andrew Fastow has won a reduced sentence and on Monday, it's Jeff Skilling's turn to face the judge.Commentators are expecting that unlike Lay and...
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With at least 140 companies including UnitedHealth and Apple saying they are being examined by federal authorities or are reviewing the way they timed their stock-option grants, the role of company...
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The murky governance of football's governing body FIFA and the role of its president Sepp Blatter has again been called into question. And FIFA is now a text-book example of how certain forms of...
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Filed in archive SOX
by leon on October 19, 2006
Costly, over-taxing and a complete waste of time.The first two claims about Sarbanes-Oxley from smaller companies are not completely without foundation.But the third warrants another look.But a new...
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Filed in archive corporate crime
by leon on October 18, 2006
As expected, Judge Sim Lake has wiped the conspiracy and fraud convictions of Enron founder Ken Lay, report the news wires.The reason: Ken Lay died before he could appeal which means his conviction...
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More problems for the world's biggest bank with raids on the Seoul office of Citigroup Global Markets, according to news reports out of South Korea.Prosecutors say they are investigating the...
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