Picture Source Back in November, I wrote about the imperial bankers and the impending doom and gloom that permeated the market. I warned that the CEOs and their Big 4 buddies should be nervous, too. The Big 4 are now inextricably tied to their clients’ fortunes. Lawsuits are flying fast and furious as soon […]
Earth and metal… Tsuchi kane ya although my breathing ceases iki wa taete mo time and tide go on. tsukihi ari Since time began Kanete naki the dead alone know peace. mi koso yasukere Life is but melting snow. yuki no michi The old Pwc Japan (Misuzu, formerly ChuoAoyama Pricewaterhouse) calls it quits. The new […]
What do Home Depot, Computer Associates (CA) and the Diocese of Rockville Center, NY have in common? Strangely enough, they all have a connection to the ongoing lawsuits to reclaim the $139.5m payment Richard Grasso received in 2003 for his eight years as chairman of the New York Stock Exchange. There are players in common, […]
To introduce this topic, let’s start with excerpts from a Frontline series, dated June 2002, Bigger Than Enron. In the segment entitled Congress and the Accounting Wars, the history and politics of independence legislation supported strongly by then SEC Chairman Arthur Levitt and eventually incorporated in the Sarbanes-Oxley legislation of 2002 is described. At the […]
