Thursday, April 05, 2007

Think Enron


And then read this little article. This little item especially brings to mind Enron.
Encourage auditors to use their own judgment in the process.

Yeah, we know how well that works.

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Friday, February 09, 2007

Is there no end to the Bush corruption?


It seems anyone Bush is a crook. Oh yeah, Bush's uncle would be the brother of 41 or Babs. Great siblings ya got there.
President George W. Bush's uncle, William H.T. "Bucky" Bush, was part of a group of outside directors at a defense contractor who realized about $6 million in unauthorized pay from an options backdating scheme, according to U.S. securities investigators.

Bush and other non-employee directors who served on the board of Engineered Support Systems Inc., now owned by DRS Technologies Inc., are not accused of any wrongdoing in a civil complaint filed on Tuesday by the U.S. Securities and Exchange Commission.

The SEC complaint, however, says the non-employee directors benefited from stock options not approved by shareholders.

"As a result, the company provided significant additional compensation to its outside directors beyond what shareholders had approved," the SEC complaint said. "These same directors later realized approximately $6 million from the exercise of their addtional stock options."

And the GOP and MSM was all over Jimmy Carter's ass because of his brother Billy.

(read more)

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