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Thirty years of spreadsheets

PC Magazine notes that 2009 marks the 30th anniversary of the spreadsheet. It certainly empowered a lot of financial and accounting types, giving them unprecedented calculating power and thus... Read more...

When a CEO abruptly quits...

As a shareholder nation, we're cynical enough--as we should be--to raise our eyebrows when a CEO abruptly steps down. Recall Jeff Skilling's surprise departure from Enron way back when. So when Tyson... Read more...

Jeff Skilling's sentence to be reduced?

Jeff Skilling just can't stay out of the news. The convicted former CEO of Enron, a tainted company if there ever was one, had another day in court recently. He's serving a 24-year sentence and doing... Read more...

What happens when your auditor is a fraud?

In the post-Enron era, the reputation of corporate accountants collectively has taken some massive hits. The on-going financial crisis certainly isn't helping. So it is with some chagrin that we note... Read more...

Bankrupt companies more likely to be charged?

Financial Week notes that some of the largest companies ever to file for bankruptcy, Enron and WorldCom, were subsequently charged with massive fraud. Such cases, of course, led to the law that has... Read more...

Gartner: More Sarbox-like regulation coming

Speaking of the possible new regulation to stem from the pyrotechnics on Wall Street, "the shadow will be longer than Enron, Sarbanes-Oxley, HIPAA, or any other regulation of modern times," said John... Read more...

Enron settlement a victory for shareholders?

Believe it or not, Enron is still making news, the latest of which is good for many shareholders. A judge has approved a $7.2 billion settlement that will provide funds for those who purchased Enron... Read more...

D&O insurance costs rising

We've noted that boards of top financial firms haven't really been held accountable for the turbulence over the past year. But the subprime crisis is hitting home in another way: rising D&O... Read more...

Another Fair Fund distribution sent; more to come?

Recall that the Sarbanes-Oxley Act gave the Securities and Exchange Commission the authority to distribute the fines it collects from law-breaking companies to aggrieved investors. Since then, nearly... Read more...

Jeff Skilling to go free?

If there was any one man responsible for the movement that led to the passage of Sarbanes-Oxley, it would be Jeff Skilling, the disgraced CEO of Enron. Word is, though, he may go free. Financial Week... Read more...