Word: auditors
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Dates: during 1990-1999
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...investigation into its questionable accounting practices. For months the bad news has been relentless: In mid-October the board forced out CEO Martin Grass and announced that pretax profits for the past three years would be revised downward by $500 million. Then just before Thanksgiving, the chain's longtime auditor, KPMG, bolted after refusing to re-examine its client's books. Says Edward Comeau, an analyst at Donaldson, Lufkin & Jenrette: "This was a house of cards that just collapsed...
Last week Real released a patch on its website to prevent users' personal IDs from being transmitted; you can download it from www.real.com or wait for the next version of RealJukebox. Meanwhile, the company is undergoing an internal privacy-policy review, and an outside auditor will be brought in for a final seal of good privacy housekeeping. But right now, there's a log file somewhere in Seattle that has my name in it, as well as the Allan Sherman CDs that I've been playing, and that ticks me off. If a good company like Glaser...
This new breed of auditor must be ready to tackle a wide range of topics. Are oil companies on schedule for cutting emissions of greenhouse gases, for example, or eliminating the disposal of natural gas by flaring? Do companies operating in countries where the ancient practice of baksheesh remains an accepted business method adhere to a zero-tolerance of bribery? Do manufacturers or retailers that receive supplies and goods from developing countries guard against child and slave labor? Are companies achieving goals aimed at employing more women and minorities...
...Force, Barton worked as a manual laborer and drifted briefly through one college before settling at the University of South Carolina, where he graduated with a chemistry degree in 1979. That same year, he married Spivey, a fellow student he had met while working as night auditor at a local hotel. After living in Atlanta, where Barton tested cleaning compounds, they moved to Texarkana, Texas. In 1988 he became president of TLC Manufacturing, a company he founded with some friends. He made about $86,000 a year...
...soul's gift of reality avoidance. So too with McMurtry, usually an inspired melodramatist, who plays this one so straight and flat that neither he nor his hero can find any curative trouble for Duane to get into. The poor fellow needs a buffalo stampede or a seductive IRS auditor, but nothing turns...