Professor Elam

Accounting & Investing Info for San Antonio A & M

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Category: Ethics

  • Samsung CEO Faces Potential Arrest

    Tuesday January  17 2017 Samsung CEO Faces Day in Court. Will he be arrested?

  • If It Sounds Too Good to be True….

    Weekend January 8 2016   Michael Taylor makes the point that if a fund never records a loss, it is probably a fraud. In short no one is right all the time. This is an interesting article about an investor who avoided all losses by pulling money from a fund when he recorded a loss.…

  • Penn State Scandal Costs Near Quarter Billion Dollars

    Weekend January  8, 2016 Total Costs of the Penn State Abuse Scandal are now about $250 Million. We study ethics in Acct 5308 this spring, And internal audit as well as internal control procedures are discussed throughout intermediate accounting.   Penn State has of course, a an Internal Audit Dept. I doubt this potential risk…

  • A Message from the End of Life

    Weekend January  7, 2016 Slow Dance This is a poem written by a teenager with cancer.She wants to see how manypeople get her poem. It is quite a poem, please pass it on. This poem was written by a terminally ill young girl in aNew York Hospital.It was sent by a medical doctor Make sure…

  • Leadership

    Weekend January  7 2017 I discovered this past semester that most of you have not seen the movie Patton starring George Scott. We will study leadership in Chapter 8 in Acct 5308 Ethics this semester. I suggest you take a look at the openning scene of Patton. A World War allows leaders to do things…

  • Another Would be Lawyer

    Wed Dec 28, 2016 There are any number of cases of someone pretending to be a former military officer, usually highly decorated, a doctor, or a lawyer. The latest involves one Mauricio Celis who claimed to be a lawyer. He finally claimed to be a lawyer in Mexico but that was not true either. Now…

  • Now There are Six Arrested

    Weekend Dec 25 2016 Arrests of former Platinum Partners Execs now total six. As I have been discussing on this blog, we will study Why They Do It in Acct 5308 this spring.

  • Andy Fastow on Making the Numbers

    Weekend Dec 24 2016 In the spring of 2017 we will study ethics in Acct 5308,the required class to sit for the Texas CPA exam.  As mentioned here I have been reading Why They Do It. Harvard Professor Eugene Soltes interviewed white collar criminals for the third section of the book. Andy Fastow was the…

  • Pension Fund Quid Pro Quo

    Friday Dec 23 2016 No, we’re not writing about the scandal (all too legal) that state and local pension funds have run up more than $1 trillion in unfunded liabilities. Today’s news concerns a single government pension official and the way he allegedly abused taxpayers and the workers who depended on him to guard their…

  • VW Settle sfor $1 Billion

    Thursday Dec 22, 2016 hVW agrees to $1 B settlement in diesel controversy. hVW has nwo agreed to buy back the affected cars. Read the article to learn that it ain't over yet. This was a buy back to settle with customers. But do big fines really deter corporate wrong doing?