• Home Depot backdating options

    Home Depot, one of the many companies involved in the “options backdating scandal,” has announced that the company has been routinely backdating options for its executives since 1981. An internal investigation revealed that this practice went on from 1981 until […]

  • Enron shareholders’ suit dismissed and plaintiffs order to pay attorneys’ fees

    A class action suit against AllianceBernstein LP (formerly known as Alliance Capital Management LP) has been dismissed by a federal judge, and she has ordered the plaintiffs to pay the attorneys’ fees. She also said it would be appropriate for […]

  • Michael McGee (Jackson) recall effort has momentum

    Milwaukee Alderman Michael McGee Jackson is the target of a recall effort, led by ViAnna Jordan. It seems that her supporters are busy getting the word out as evidenced by some recent comments on this blog. The comments include: “As […]

  • My comments in Financial Executives Magazine

    I was recently interviewed for an article in Financial Executive Magazine. The article contained comments from a variety of executives, educators and consultants. We were asked to speculate on the future of financial reporting and the finance function in corporations. […]

  • Sick Days That Aren’t Really Sick Days

    How does that work? Give lawmakers a bunch of sick days, and when they’re sick, they just don’t show up. They don’t ever “use up” any of the sick days. They keep accumulating into infinity. How cool is that? Apparently […]

  • MySpace is being sued by Universal

    A lawsuit has been filed against News Corp., the owner of MySpace, by Universal Music Group. Universal, the world’s largest recorded music company,claims that MySpace is infringing on copyright by trafficking in “user-stolen” content such as music, videos, and written […]

  • Top Ten Ways to Prevent Employee Theft

    1. Education . If employees are aware of fraud and how it happens, they will be your best on-the-job sleuths. 2. Surprise Audits . When employees are aware that there will be random checks of their areas, they are more […]

  • The Fall of America’s Meanest Law Firm

    CNNMoney.com has published a recent article from Fortune Magazine about the fall of Milberg Weiss, dubbed the meanest law firm in America. It’s a long article, but here are the high points. The law firm of Milberg Weiss, along with […]

  • Losses and Changes at Merge Technologies

    Merge Technologies went from a $9.6 million profit in the third quarter of 2005, to a $10.8 million loss in the same period this year. The dramatic swing is related to a drop in sales from $35 million to $14 […]

  • More Pictures of Post-Hurricane New Orleans

    Here is a follow-up to last week’s post on my visit to New Orleans and my tour of hurricane-damaged areas. These two are pictures of the levees being rebuilt: