Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Ethics
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Monday April 16 2020 The CEO of the China equivalent of Starbucks, Luckin LK, has defaulteed on hundreds of millions of dollars in loans. Seems the management has falsified the revenue for the firm. For years it has been speculated that Chinese accounting is tantamount to what do you want the number to be. Expect…
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Monday March 2 2020 Often the letters section in the WSJ contains some interesting comment of a previous editorial. Last week we noted the Trump administration suggested the SEC 'absorb' the PCAOB. This is typical top of the market thinking, regulations are repealed at market tops. In this case the repeal idea virtually timed with…
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Thursday Feb 20 2020 Arthur Levitt, former SEC Comm. questions Trump Admin idea to eliminate the PCAOB. As I have noted in socionomic presentations, the regulations come off at market tops, akka 29,000. the regulations go on at market bottoms as in after the Enron Worldcom fiasco. SARBOX was passed 99-0 in the Senate after…
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Wed Feb 19 2020 A San Antonio Dr was found guilty of a $325 M fraud for false diagnosis. Do you suppose this 63 year old just began a crime spree at this age, or a few years back? Of has he been working up to this over the years?
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Monday Feb 10, 2020 An op ed on Page A 19 of today's WSJ. is authored by Doug Hodge, who WAS CEO of Pacific Investment Management Co or PIMCO, the giant bond and stock investment house. Mr. Hodge has been sentenced to nine months in prison for paying Rick Singer and others $850,000 to asecure…
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Weekend Jan 26 2020 DC Solar solutions attracted $340M from Berkshire Hathaway. Decades ago Warren Buffet turned Gates down on Microsoft saying he did not understand it. Gee Warren, MSFT was pretty straightforward they wrote sofware. DC Solar Solutions provided solar generators for cell towers for phones and lighting at sporting events, or so…
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Wednesday January 22 2020 One of the popular series on Amazon Prime is the Marvelous Mrs. Maisel. It is the story of a 1958 house wife, mother of two kids, whose husband divorces her. She becomes a stand up comic. I love the period pieces, the clothes, the cars, the interiors, the props but not…
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Thursday Jan 16, 2020 San Antonio Ferrari totalled a client Ferrari. Rather than admit the wreck, the dealer who had the car on sonsignment, attempted to get the owner to take a below market price. Apparently the dealership hoped to close the deal and then collect dealer insurance. But the owners saw the 'buyer' was…
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Tuesday Dec 10, 2019 The Republicans made a huge mistake in attempting to 'impeach' Bill Clinton when they did not have the votes. It would be only a matter of time until the power shifted and sure enough, the Dems want to impeach Trump, without having the votes. Now a Congressman suggests that if Biden…
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Posted Friday Nov 15, 2019 Emerson wrote this essay in 1844 but quite a few lines are as relevant today as then. I have posted this essay for many years but the last few were before Black Friday. Black Friday is of course our National Day of Orgy Shopping. Shoppers line up in the early…
Professor Elam 