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Dov Charney’s Business Sense Doesn’t Include Reliable Financial Statements

Posted on August 26, 2010 by Caleb Newquist

“He flies in the face of business sense, fashion manufacturing and retailing sense.”

~ Bryan Roberts, research director for retail analysts Planet Retail, couldn’t get through to Deloitte in time with this message.

Posted in Quote of the DayTagged American Apparel, Business sense, Dov Charney

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  • Quote of the Day

Quote of the Day: Sam Antar Is Ready to Rumble | 03.26.10

  • Caleb Newquist
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I challenge John Thomas Financial CEO Thomas Belesis to a match on the Jerry Springer show. To even the odds, he can bring Overstock.com CEO Patrick Byrne. Two crooks versus a convicted felon born in Brooklyn. They can bring actor turned stock pumper Shia LaBeouf for added muscle, too.

~ Sam Antar, reacting to Thomas Belesis calling him an idiot after Antar suggested that Shia might be able to shed some light on the goings-on at John Thomas Financial involving InterOil. And if you forgot, Sam and Patrick have a bit of a history.

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“It’s been my experience that an ‘out of office’ response means nothing anymore.”

~ Edward T. Creagan, a medical oncologist and writer of the Mayo Clinic Stress Blog.

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CAQ to Senators Dodd and Shelby: Don’t Screw with Sarbanes-Oxley

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“We are writing to urge you in the course of your efforts to reform the financial sector to resist efforts to weaken protections for investors in the Sarbanes-Oxley Act of 2002 (SOX). Specifically, we oppose exempting smaller public companies from compliance with Section 404(b) of the Act. Further, we are troubled by evidence of a proposal to roll back to an arbitrary market capitalization point strengthened internal controls requirements for larger companies that are already in compliance with the provision.”

~ The Center of Audit Quality, in a letter to Senate Banking Chairman Chris Dodd (D-CT) and Ranking Member Richard Shelby (R-AL).

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