• House Votes to Extend ‘Clunkers’ Program – We just printed more money. It’s fine. [WSJ]
• U.S. House Passes Bill Allowing Ban on Incentive Pay None of that printed money will be going to bankers. [Bloomberg]
• Court Orders Shorter Sentence For Ex-Qwest CEO – Might have been worth it had there been some adultery involved. [NPR]
• Nothing like a little shameless PR… – Deloitte providing accounting services, pro bono [Accounting Nation]
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Review Comments | 07.28.09
• Phibro mum after White House slams reported $100 million payday – “Phibro LLC, the energy trading arm of beleaguered bank Citigroup, was mum Tuesday after the White House criticized a reported $100 million pay plan for its top trader Andrew Hall as ‘out of whack.'” [Reuters]
• Sprint-Nextel to acquire Virgin Mobile USA – “Sprint Nextel, the third-largest US mobile network operator, unveiled a $420m deal on Tuesday to acquire Virgin Mobile USA, the wireless phone company in which Sir Richard Branson’s Virgin Group is the largest shareholder.” [FT.com]
• House Panel Approves New Rules on Executive Pay – “Marking an important victory for the White House, a congressional committee approved on Tuesday legislation closely resembling the Obama administration’s proposal that attempts to impose new restraints on executive pay.” [New York Times]
• Baldness Not a Requirement for Working at Goldman Sachs [Daily Intel]
• Backdating Returns to the Spotlight – “The IRS released new tax guidance this month related to so-called backdated stock options. But discounted options are still not considered ‘qualified performance based compensation.'” [CFO.com]
Review Comments | 10.29.09
• Fed should lose AIG-style bailout powers: Geithner – The past is the past, huh, Timmay? [Reuters]
• Chrysler to offer live TV service in vehicles up to 20 channels starting in December – Because we can’t squeeze in enough at home. [CT]
• Wall Street Journal closes Boston bureau – Dow Jones and Market Watch will stay for now. [Reuters]
• CFOs on the Move: Week Ending October 30 – Motorola, Nissan, Nokia all have new chiefs. [CFO]
• Not Good Enough – Gotta good job? Still need a second job? [Financial Armageddon]
• Citrin Cooperman to Merge in Carrow Doyle – Combined firm will have $80+ million in revenues and have offices in Philadelphia and New York looking to expand to Boston, and Washington. [Web CPA]
Review Comments | 10.01.09
• Woods Becomes First Athlete to Earn $1 Billion, Forbes Says – Does that mean he can upgrade from a Buick? [Bloomberg]
• Global Convergence of Accounting Standards? In Whose Lifetime? – Jim Peterson’s take on the cat herding that is accounting rule convergence. [Re: Balance]
• Survey: Investors Want Enforcement, Not New Regulators – Oh? We thought vengeance was what they were looking for. [Compliance Week]
• Guess the Ken Lewis beard – Again, we picture the ZZ Top for KL. [FT Alphaville]
• Auditor-Small Issuer Controls Spats Seen – “Will smaller companies get along with their auditors when their internal controls get reviewed for the first time?” In short: No. [CFO]