Category Archives: News and Events

The House Financial Services Subcommittee on Oversight and Investigations has finished its report and concluded that MF Global executives, including former CEO John Corzine, created a chaotic atmosphere with lax controls.  In short, this firm was a financial mess, but … Continue reading →

There is no limit to the imaginations of teachers and principals when it comes to reaching goals on test scores. El Paso is grappling with a cheating scandal that is far more creative than the folks in the Atlanta public … Continue reading →

Professional chess is having difficulties finding corporate sponsors for its champion matches because of cheating.  Bathroom breaks and smart phones appear to be at the heart of the matter.  Chess players are using both to check resources for their next … Continue reading →

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 →