The former controller of WorldCom testified that he never knew chief executive Bernie Ebbers to make an accounting decision. You have to wonder if anyone at WorldCom, the largest bankruptcy in US history, ever made an accounting decision.
Dennis Kozolowski, former CEO of Tyco, currently being retried for grand larceny, securities fraud, falsifying business records, and other assorted misdeeds, lived in a thirty-million-dollar apartment bought with Tyco’s money and then had it lavishly furnished, also with Tyco money. Originally, he said it was his apartment, but it seems it’s turned up the company books as an asset. Now he says he bought it for Tyco.
Quick, who knows what SBC stands for? Time’s up. Quick, who knows what AT&T stands for? Time’s up. And the guys at SBC who spent sixteen-billion of shareholder money can’t decide what to call the merged company?
Should shareholders be worried that Disney attributes part of its first quarter earnings recovery to Desperate Housewives and Lost? Having ‘desperate’ and ‘lost’ anywhere near a financial report is a bad idea.
So bread is fighting back. It’s had enough. No more being bullied by healthy foods. Watch for a spate of ads from the behemoth grain industry that say bread prevents cataracts, makes your brain function properly, makes life better, is essential. Why don’t they stop dancing around with the truth and just say it tastes better than all the healthy crap out there? If that doesn’t work, they can bring out the capital B Bible and point to the part that says, ‘Give us this day, our daily bread?’
Is anyone who has .msn or .aol email surprised that the federal government’s one-year-old anti-spam law, the 'Can Spam Act,' has resulted in an increase in spam of from 20% to 30%? Instead of eliminating the problem, it spells out how the spammers can operate within the law, which I guess includes five hundred ways to spell ‘longer penis.’ Good name though, for the act I mean, not for penis although come to think of it, longer penis has a good ring to it.