Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Ethics
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Wed Sept 19, 2018 In ACCT 53089 Ethics class I contrasted the thrifty life style of Henry David Thoreau at Walden with the over the top conspicuous consumption of a former fashion mode. Here is another example of how greed upended a career. Carlos Uresti former State Senator, moved from his $600,000 Shavano Park home…
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Tuesday Sept 11, 2018 More analysts are issuing downgrades on TSLA given the behavior of the CEO. TSLA has lost 25% of its value since August. Musk looks a lot less like Henry Ford but a lot more like John DeLorean.
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Weekend Sept 8, 2018 Wall Street reacts negatively to Musk appearing to smoke marijuana during an interview. The Chief Accountant resigned after one month on the job citing more pressure than he had anticipated.
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Tuesday August 28 2018 On August 7 Elon Musk tweeted that he might take TSLA private at $420 a share. The SEC and everyone else wondered where he would get the $70 B to do that. And the SEC wondered if this was just a stunt to boost the stock price. Now Musk says TSLA…
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Tuesday August 28, 2018 Tansamerica settled for misleading investor paying a $36.3 M civil fine and returning $61.3 M to investors. I caught this on page B 3 of today's WSJ, did you? Transamerica is owned by Dutch Aegon. Investors in mutal funds, variable life, annuities and such were told decisions would be made based…
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Tuesday August 21, 2018 Look at the numerous articles posted on this blog in the Fall of 2017 and during the Ethics Class Spring 20148. WFC was guilty of creating both accounts and credit cards not requested by customers. This resulted in fees to WFC. WFC fired customer representatives who did not fill their 'quotas. …
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Tuesday August 7, 2018 Prior to the start of the ethics class each spring I began a Who's theWorst laundry list of fraudsters I noticed in the news. I have written a business case on the Four Winds Logistics fraud and we will discuss it in class. As noted below Bates was under court order…
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Thursday May 24, 2018 Here is an interesting 2002 interview with Barry Minkow. This occurred after his first jail release but before the Lennar fraud that sent him back to jail again. Here is a great excerpt. "Everyone I met in prison had one thing in common – they never planned on being there,"…
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Friday April 20, 2018 After paying a $185 M fine, Wells Fargo now faces a billion dollar fine. Well okay, but so what. Former CEO Stumpf and Head of Community Banking Carrie Tolstedt were denied about $75 M in bonuses.But they still rode into the San Francisco sunset as multi millionaires many times over. So…
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Tuesday April 17, 2018 Where TAMUSA Main Campus South Zarzamora and South Loop 410 When 9 00 – 10 30 AM First Floor Central Academic Building opposite Bookstore A dozen students will present their poster research for comment and display, plan to come and visit with them in person Here is a link to the…
Professor Elam 