When accounting goes unaccounted for
Americans launch backlash over overdraft fees [MW]
Ikea Raises Its Minimum Wage to $10.76* an Hour Assembly of dollar bills and quarters required [BBW]
Same-Sex Couples Need a Good Accountant More Than Ever [Money]
Munger’s Daily Journal Dismisses Accountant After Clash [Bloomberg]
FASB Fills Hole in Stock Compensation Accounting Rules [AWeb]
Where Did the Elites Go to School? Spoiler alert: probably not Cal State Northridge [Gawker]
Invoking their continuing motto of “Better Late Than Never”, the SEC closed the Tyco case today as Dennis Kozlowski and Mark Swartz agreed to be banned from serving as directors or officers of a public company. The timing of this ban comes as a bit of surprise since these guys have been in jail since 2005 but we are talking about the SEC.
Since Bernie Madoff has a much longer sentence than the Tyco twins, the Commission will figure there’s no rush and he’ll retain his rights to serve as a director/officer until around 2020.
Settlement Ends S.E.C. Case Two From Tyco [DealBook/NYT]
SEC Charges Bitcoin Entrepreneur With Offering Unregistered Securities An SEC investigation found that Erik T. […]
Theft and sex alleged at Kentucky monastery The abbey has accused one of its lay […]