24 ordspråk av Lynn Turner

Lynn Turner

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For a company such as Merck to reflect as revenues in its financial statements billions of dollars of co-payments a customer makes directly to another company, the pharmacy, which the pharmacy collects and never remits to Merck, just does not reflect the economics of what is occurring, ... If that is what the SEC accepts, then investors are in trouble and our financial reporting indeed needs improving.

That's indicative of a company with an imperial CEO and very poor controls.

It's fantastic, ... He's a very nice guy for a politician.

Yes, I would, but only because it is him.

That stuff isn't free. It has a cost.

First and foremost it is the company, it's these executives that put these numbers together, it's not the auditors. So the people who are actually in the kitchen, cooking the books, stirring the stew, so to speak, are these executives, and there is no excuse for what happened.

This year is almost unmatched in history.

If the council determines not to approve the funding, we assume that will be consistent with a decision not to complete the investigation.

The good news is, as a result of that process, investors should have greater confidence overall in the numbers going forward.

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