Category: Ethics
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Thursday January 17 2013 I ran this comment on the investing blog, http://www.themarketperspective.com Sociopath of the Decade I teach the State Mandate Accounting Ethics class at our campus. Tonight and tomorrow night LanceArmstong will huddle with America's High Priestess of Social Mores, Oprah. Oprah's OWN network is $300 M in debt , these two need one another.…
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Sunday Nov 25 2012 A common feature of dictatorial systems is corruption. I suspect North Korean 'Officials' live pretty nice lives, not so much for your average North korean though. The link describes the pay up or take what you get Chinese Education system. The lack ofa free market usually produces a a black market.
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Tuesday November 6 2012 Rita Crundwell moves a small time job into big time crime. This is an amazing story, those of you that are NOT accounting majors had best read it. Acounting majors can learn from this. This is why there is aneed for internal controls and outside audits.
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Tuesday October 30 2012 I decided to start additional categories for Politicians, Admired Figures, and Corporations all of whom are clearly nying for top Honors in the the Ethical Fall From Grace Department. It's that time of year, time to look forward to the launch of our spring 2013 Accounting Ethics class. I am always…
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Friday October 26 2012 Citi has been fined $2 M over a Facebook leak. The analyst that called a friend at Tech Crunch knew it was the wrong thing to do. But he did it anyway. I never lack for Ethically challenged incidents as the Ethics course rolls around.
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Wed August 29, 2012 The promotion of the Fidelity Chairman of the Board daughter qualifies as our tongue on cheek Horatio Alger success story of the week. Alger wrote a series of stories about luckless impoverished boys accidentally wandering into success. Someone who inherits their job, wealth, or success is ironically noted as a Horatio Alger success…
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Friday August 17 2012 Matt Taibbi has written extensively on Wall Street misdeeds. His profile of the DOJ is pretty much what I encountered when presenting a case to the DOJ reagarding fraude when I served as a Federal Bankruptcy Trustee. Our work was met with a big yawn. Note, Jon Corzine walks.
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Wednesday July 25, 2012 The University of Illinois College of Law has been censured adn fined for intentionally publishing false invomrtaino to amke its student body look more academically accomplished than it was. We have consistently reported the incidents reflecting that the wheels are literally coming off the Law School Bandwagon. This is really the same sort…
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Weekend July 21 212 Added half an hour later: I read this on Kim Critchfield's FB page and loved it. I sent a copy to Ben and to a friend who needed to read it. I'll post this on my wall, just to the side of my computer. One evening a Cherokee elder told his…
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Monday July 16, 2012 Is there no accountability anywhere? I find it incredible that Condezza Rice is being considered for Vice President for example. The World Trade Center evaporates yet no one in the entire 'National Security' appartus from the Adviser on down to the FBI, CIA, FAA, etc, loses a job. Charles Ferguson has…
