GM and GE – Both Have Poor Internal Controls

“News” broke yesterday that GM reported, “ineffective internal controls over financial reporting might make it difficult for the company to execute on its business plan.” They are also still under investigation by the SEC on several matters, including financial reporting related to pension accounting, transactions with suppliers including GM’s former subsidiary Delphi Corp., and transactions […]

Class Act

Vanities, incongruities, cruelties… The Jack & Suzy Show Interviewer: How tall are you? JACK: Five seven. SUZY: I’m five four. Interviewer: I read a study that CEOs are usually tall. SUZY: Jack actually thinks he’s very tall. JACK: I never noticed that I wasn’t a reasonable height. … Interviewer: You guys are in perhaps the […]