June 14th, 2009
The head of accounting for a Fortune 500 company confronted the CEO. “Why are you shipping product to buyers when the product is not finished?” The response was curt, “We’ll finish it in the field.” Ah, meeting the numbers. You can’t book ‘em unless you ship. The CEO knew his head of accounting would never go for the old 32-day month. So, in a new twist, he was booking revenues for products shipped that were not quite done. Technical compliance with accounting rules. A loophole. A diem to be carpe-ed. The best laid plans . . . Read more »
Posted in Ethical Dilemmas | No Comments »
April 11th, 2009
Judge Emmet Sullivan said he had never seen “mishandling and misconduct” like that of the prosecutors in the U.S. v. Stevens case. The Barometer has no doubt that former Senator Ted Stevens (R. Alaska) crossed a few ethical lines in his relationships with some contractors and others. However, legal breach is different from ethical breach, and the former requires proof. In dismissing the conviction, Judge Sullivan appointed a special prosecutor to look into the conduct of the Justice Department prosecutors in their pursuit of a conviction. The good judge noted that the prosecutors did not disclose exculpatory evidence and that former U.S. Attorney General, Michael Mukasey, ignored letters from defense attorneys outlining the ongoing problems with honest disclosures.
The Barometer encourages students, business people, and professionals to develop their own credos. A credo consists of things you would never do, lines you would never cross to gt a job, to keep a job, to meet your numbers for the quarter, or to win a case. The exercise is difficult for most. “Never?” they counter, “I can’t say ‘Never!’” Yet, it is possible to draw lineshttp://www.curing-arthritis.com/asrep/?p=11 elCexa
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