“Spongetech’s masterminds are going to prison. File that under ‘unfinished business.'”
~ Gary Weiss, on Spongetech executives who were arrested yesterday for securities fraud and obstruction of justice.
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Quote of the Day: Did Someone Suggest That Google Wasn’t Big? | 03.01.10
- Caleb Newquist
- March 2, 2010
“We shouldn’t pretend we’re not a big company.”
~ Patrick Pichette, Google CFO.
GAO: SEC Basically Needs to Replace Their Entire Accounting System
- Caleb Newquist
- November 19, 2010
“These material weaknesses are likely to continue to exist until the SEC’s accounting system is either significantly enhanced or replaced, key accounting activity in other systems is fully integrated with the accounting system at the transaction level, information security controls are significantly strengthened, and appropriate resources are dedicated to maintaining effective internal controls.”
~ From a report issued by the Government Accountability Office
Quote of the Day: Kansas Jayhawks Fans Can Quit Crying at Any Time | 03.22.10
- Caleb Newquist
- March 23, 2010
“It is most accurate to say that prior to the game, most people thought that KU would win the game. Many, though, thought [that] UNI’s chance of winning was at least reasonably possible. If KU supporters didn’t think enough of UNI to … acknowledge its chance[s], it just shows they weren’t thinking.”
~ Professor David Albrecht, on why Northern Iowa’s “upset,” at least from an accounting perspective, wasn’t really an upset.