Thursday Feb 4, 2016 Crystal City officials were arrested to day by the FBI. No particular details were available as I make this post. But the city manager of this small, relatively poor town was being paid $216,000  a year salary over three times what the previous manager was making.  

Wed Feb 3 2016 Madoff with Richard Dreyfuss and Blythe Danner debuts on ABC tonight. This is a link to the WSJ review of the show. the latest on the real Madoff. VAriety's reveiw of the four hour mini series. HBO will also role out a movie on Madoff starring Robert de Niro and Michelle…

Note to readers, I moved this post to the forefront for the benefit of the Fall 2015  Accounting Students. We study fraud in several classes. Amazing how much of it there is new and fresh every fall! I also have links to the posts from previous years.  This thread begun Thursday August 13, 2015 Yep…

Monday Feb 1 2016 As I remarked in Ethics Class, Presidents come and go but Goldman is always a presenc e in teh White House.    Hank Paulson was from Goldman. Goldman bet big on JEB early in this race. It has not paid off with JEB trailing Trump Cruz Rubio Carson, and in single digits.…

Monday Jan 25, 2016 IN the syllabus I suggest subscribing to the Wall Street journal .There are lots of reasons and today I spotted a review of A Passion for Leadership by Robert Gates. Gates served as Secretary of Defense for both Bush and Obama. He then served as President of A & M from…

I have posted some or part of Ralph Waldo Emerson's famous essay on gifts the last several Christmas seasons. I have posted prior to the nutcase day otherwise known at Black Friday. On this day stores open at ridiculous early hours. Limited numbers of cut rate bgargains are offered to entice shoppers to the store.…

Monday Nov 16 2015   Education Management settled with the Dept of Justice resolving allegations that it used illegal enrollment incentives to pay recruiters and exaggerated its career placement ability.  The DOJ recently put Corinth University out of business.  At least Education Management escaped that fate.  Now the ethical question – the internet is littered with…

Friday Nov 6, 2015 Questions continue to swirl if Michael Pearson can operate Valiant Pharma. It has shed some $3 B in market value since its top a few months back. There are questions surrounding its accounting and financial practices with companies that sell its products. This is  the meaning of good governance and the…

Wed Nov 4 Only the accountants will know the truth

Wed Nov 4, 2015 VW shares dropped again amid revelations that some 800,000 autos had been wrongfully reported on emissions standards. Or as one of my friends used to say, it's blackest just before things go  Pitch Black. The carmaker said Tuesday after the European market close that it found "unexplained inconsistencies" in carbon dioxide…