Category Archives: News and Events

Edith O’Brien (Edie), the former assistant treasurer at the former MF Global Holdings Ltd. The bankrupt firm, was run into the ground by former senator, governor, and Goldman Sachs chair, Jon Corzine.  Ms. Bryant is an interesting soul.  She has … Continue reading →

Former Penn State University Graham Spanier was charged with five criminal counts in connection with his response to allegations that former assistant football coach, Jerry Sandusky’s conduct on campus. Mr. Sandusky was convicted of 45 counts of child abuse and … Continue reading →

Sarbanes-Oxley (SOX) is now 10 years old.  How’s that false certification thing working out?  The act that was going to stop companies from issuing false financial statements has been a bust.  Richard Scrushy, the former CEO of HealthSouth, one of … Continue reading →

“SMU got the death penalty for paying players.  What the NCAA did is not enough for what happened at Penn State. These were boys, they knew, and they did nothing.” “You are punishing people who had nothing to do with what … Continue reading →

The 13-year-old brutes mocked, taunted, and jeered 69-year-old school bus aide, Karen Klein.  Their profanity would make a longshoreman blush.  For 10 minutes, the “utes” did their worst.  Mrs. Klein sat and took it in silence.  Great shall be her … Continue reading →

The very best information about what’s happening in any organization rests with the employees on the frontline.  If you want to zero in on accounting fraud, pay a visit to the loading dock.  If the employees have a 32-day month … Continue reading →

GM had a little difficulty with an undisclosed conflict of interest.  The company awarded a $600,000 contract to ad agency, Mother New York, for promotion of the centennial celebration of Chevrolets.  However, Pernilla Ammann is the chief operating officer at … Continue reading →

Yahoo CEO, for now, Scott Thompson, earned a degree in accounting and computer science from Stonehill College in 1979. Slight problem; Stonehill College did not offer a degree in computer science until 1983. This guy was REALLY ahead of his … Continue reading →

Since the Greg Smith letter of resignation from Goldman Sachs via the op-ed page of the New York Times, Wall Street has been on defense. Well, more accurately, Wall Street has been in full rationalization/justification/”it’s just what we do” mode. … Continue reading →

He was a 33-year-old executive director (equivalent of a vice president at a bank) at Goldman Sachs in London, Of course Goldman has 12,000 executive directors among its 33,000 employees, so he is a worker bee. “He” is Greg Smith … Continue reading →

You can’t make up this stuff. William Bryan Jennings (fun parents with a little name play on William Jennings Bryan, who, ironically for this story and namesake, was known as “The Great Commoner”), a managing director at Morgan Stanley in … Continue reading →

As early as 2009, Rating & Investment Information, Inc. (R & I) warned in its newsletter that ALJ Investment Advisors Co. , an asset management firm, had “unnaturally stable returns.” That is, despite what was happening in the market, ALJ … Continue reading →

Albert “Jack” Stanley in explaining to his sentencing judge what made him bribe Nigerian officials in order to win contracts for Halliburton’s subsidiary, KBR. Prosecutors had recommended 7 years; he was sentenced to 30 months.

The 800-page-report on the Atlanta Public School System that emerged in July 2011 explained what happened in that city with testing. Scores were good; kids couldn’t read. A culture of numbers (test scores mattered – learning did not), a culture … Continue reading →