A simple overhearing of information in an elevator, if that's what really happened, doesn't amount to a deceptive misappropriation. |
Business isn't necessarily committed to the same principles. Federalism cuts for or against them. |
Causey has no defense. He's an accountant, and he was right there at ground zero. |
Cendant was the unrecognized harbinger of financial disasters to come. It was the harbinger in the late 1990s of how the quest for higher stock prices led managers astray. |
Companies are resigned to the fact that Arthur Andersen is soon to be deceased. |
Enron in its simplest form was a stark and vivid lesson that a company could comply with generally accepted accounting principles and totally deceive investors at the same time. |
I suspect this rush to settle the civil antitrust actions and the securities class action are the product of both an approaching deal with the government involving a plea of guilty to criminal price fixing, and also the approaching shareholders meeting. |
I think it's safe to say they won't serve more than 10 to 12 years, |
I think the SEC had to get aboard this ship. Otherwise, they would look like they are lagging behind the parade, ... They have been somewhat embarrassed by being behind everyone on the issue of accounting reform. |
I think the SEC had to get aboard this ship. Otherwise, they would look like they are lagging behind the parade. They have been somewhat embarrassed by being behind everyone on the issue of accounting reform. |
I would expect that both sides now are struggling to control the board. It may be that there are directors who were appointed by each side, but outside independent directors are not going to be loyal to someone if there is strong persuasive evidence that that person was involved in fraud. |
In a Republican administration, (the SEC) would be extremely embarrassed if there were questions whether they delayed giving authority to the staff to conduct (a formal) investigation. |
It is essentially a substantial, but not a complete victory for the government, ... The critical factor is that [the Judge] finds that Mr. Jett acted with an intent to defraud. |
It's Act 1, but I think it's been a very successful Act 1. Given what can go wrong in a trial, nothing has gone wrong so far. |
It's been a very successful Act I. This trial is being run by a skilled and experienced judge. Given what can go wrong in a trial, nothing has gone wrong. The trains are running on time. From a prosecution standpoint, you need the trains to run on time. The moment a jury begins to not understand things, they become suspicious and resentful. |