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	<title>Comments on: Damn The Conflicts: Arthur Levitt Still Won&#8217;t Shut Up</title>
	<atom:link href="http://retheauditors.com/2009/08/22/damn-the-conflicts-arthur-levitt-still-wont-shut-up/feed/" rel="self" type="application/rss+xml" />
	<link>http://retheauditors.com/2009/08/22/damn-the-conflicts-arthur-levitt-still-wont-shut-up/</link>
	<description>The Business of the Big 4 Audit Firms</description>
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		<title>By: Tony Rezko</title>
		<link>http://retheauditors.com/2009/08/22/damn-the-conflicts-arthur-levitt-still-wont-shut-up/comment-page-1/#comment-18506</link>
		<dc:creator>Tony Rezko</dc:creator>
		<pubDate>Thu, 27 Aug 2009 13:09:35 +0000</pubDate>
		<guid isPermaLink="false">http://retheauditors.com/?p=2868#comment-18506</guid>
		<description>Hey, the guy can talk, I&#039;m just not going to take him seriously. And he&#039;s been eligible for SS for at least 16 years, so yeah, grab a 3-iron.</description>
		<content:encoded><![CDATA[<p>Hey, the guy can talk, I&#8217;m just not going to take him seriously. And he&#8217;s been eligible for SS for at least 16 years, so yeah, grab a 3-iron.</p>
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		<title>By: Abigail Williams</title>
		<link>http://retheauditors.com/2009/08/22/damn-the-conflicts-arthur-levitt-still-wont-shut-up/comment-page-1/#comment-18361</link>
		<dc:creator>Abigail Williams</dc:creator>
		<pubDate>Thu, 27 Aug 2009 00:30:38 +0000</pubDate>
		<guid isPermaLink="false">http://retheauditors.com/?p=2868#comment-18361</guid>
		<description>Hey Tony, I&#039;m with you.  Levitt shouldn&#039;t be allowed to talk in this country.  Only real Americans with unimpeachable independence should be allowed to speak.  Anybody that has worked for a company, such as by &quot;advising on corporate governance issues&quot;, should be muzzled and blacklisted.  It&#039;s unamerican to have him speak his mind since he&#039;s clearly a mouthpiece for evil corporate interests.  Auditors shouldn&#039;t be allowed to opine either since they are paid by the companies they audit.  That&#039;s a clear independence issue.  OK, so auditors and businessmen shouldn&#039;t be allowed to opine.   And let&#039;s stop these bloggers.  For instance,Francine has &quot;twenty years of experience in consulting and professional services environment including tenure both in the US and abroad at PwC, KPMG/BearingPoint, JP Morgan and Jefferson Wells/Manpower&quot;.  She is clearly a pawn of the monied international business lobby with ties to auditors and large investment banks and other financial institions.  After 20 years of experience how could she not be?  And that KPMG connection is very suspicious.  They had tax shelter issues, Fannie Mae, and what about what&#039;s going on with New Century?  Clearly an evil company with evil partners doing evil.  It makes me sick.  She probably still has some &quot;cronies&quot; there that she talks to and gets dinner with.  At a minimum those are &quot;real or implied&quot; conflicts. vI can&#039;t believe we let her speak her mind--shouldn&#039;t she and Levitt just shut up?  Surely we can find someone more pure?  Oh, and I saw Sarah Good with the devil...</description>
		<content:encoded><![CDATA[<p>Hey Tony, I&#8217;m with you.  Levitt shouldn&#8217;t be allowed to talk in this country.  Only real Americans with unimpeachable independence should be allowed to speak.  Anybody that has worked for a company, such as by &#8220;advising on corporate governance issues&#8221;, should be muzzled and blacklisted.  It&#8217;s unamerican to have him speak his mind since he&#8217;s clearly a mouthpiece for evil corporate interests.  Auditors shouldn&#8217;t be allowed to opine either since they are paid by the companies they audit.  That&#8217;s a clear independence issue.  OK, so auditors and businessmen shouldn&#8217;t be allowed to opine.   And let&#8217;s stop these bloggers.  For instance,Francine has &#8220;twenty years of experience in consulting and professional services environment including tenure both in the US and abroad at PwC, KPMG/BearingPoint, JP Morgan and Jefferson Wells/Manpower&#8221;.  She is clearly a pawn of the monied international business lobby with ties to auditors and large investment banks and other financial institions.  After 20 years of experience how could she not be?  And that KPMG connection is very suspicious.  They had tax shelter issues, Fannie Mae, and what about what&#8217;s going on with New Century?  Clearly an evil company with evil partners doing evil.  It makes me sick.  She probably still has some &#8220;cronies&#8221; there that she talks to and gets dinner with.  At a minimum those are &#8220;real or implied&#8221; conflicts. vI can&#8217;t believe we let her speak her mind&#8211;shouldn&#8217;t she and Levitt just shut up?  Surely we can find someone more pure?  Oh, and I saw Sarah Good with the devil&#8230;</p>
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		<title>By: Tony Rezko</title>
		<link>http://retheauditors.com/2009/08/22/damn-the-conflicts-arthur-levitt-still-wont-shut-up/comment-page-1/#comment-18257</link>
		<dc:creator>Tony Rezko</dc:creator>
		<pubDate>Wed, 26 Aug 2009 14:28:15 +0000</pubDate>
		<guid isPermaLink="false">http://retheauditors.com/?p=2868#comment-18257</guid>
		<description>There are plenty of &quot;subject matter experts&quot; without the conflicts, real or implied, that Levitt has, and he is best described as a lobbyist. And really, can&#039;t he take up another hobby?</description>
		<content:encoded><![CDATA[<p>There are plenty of &#8220;subject matter experts&#8221; without the conflicts, real or implied, that Levitt has, and he is best described as a lobbyist. And really, can&#8217;t he take up another hobby?</p>
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		<title>By: fm</title>
		<link>http://retheauditors.com/2009/08/22/damn-the-conflicts-arthur-levitt-still-wont-shut-up/comment-page-1/#comment-17796</link>
		<dc:creator>fm</dc:creator>
		<pubDate>Tue, 25 Aug 2009 19:49:39 +0000</pubDate>
		<guid isPermaLink="false">http://retheauditors.com/?p=2868#comment-17796</guid>
		<description>@4 Anonymous

&quot;A nation ruled by left wing mobs isn’t any better than a nation ruled by left wing mobs.&quot;  Actually more zen...  And I agree.  I don&#039;t tolerate either extreme.  And I&#039;m hardly a mob. Just a girl.
Francine</description>
		<content:encoded><![CDATA[<p>@4 Anonymous</p>
<p>&#8220;A nation ruled by left wing mobs isn’t any better than a nation ruled by left wing mobs.&#8221;  Actually more zen&#8230;  And I agree.  I don&#8217;t tolerate either extreme.  And I&#8217;m hardly a mob. Just a girl.<br />
Francine</p>
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		<title>By: anonymous</title>
		<link>http://retheauditors.com/2009/08/22/damn-the-conflicts-arthur-levitt-still-wont-shut-up/comment-page-1/#comment-17769</link>
		<dc:creator>anonymous</dc:creator>
		<pubDate>Tue, 25 Aug 2009 18:48:09 +0000</pubDate>
		<guid isPermaLink="false">http://retheauditors.com/?p=2868#comment-17769</guid>
		<description>Um er right wing mobs, that is...</description>
		<content:encoded><![CDATA[<p>Um er right wing mobs, that is&#8230;</p>
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		<title>By: anonymous</title>
		<link>http://retheauditors.com/2009/08/22/damn-the-conflicts-arthur-levitt-still-wont-shut-up/comment-page-1/#comment-17767</link>
		<dc:creator>anonymous</dc:creator>
		<pubDate>Tue, 25 Aug 2009 18:46:12 +0000</pubDate>
		<guid isPermaLink="false">http://retheauditors.com/?p=2868#comment-17767</guid>
		<description>I know your stuff.  The comparison was meant to be instructive.  Physician heal thyself, you know?  It&#039;s an old zen technique.  A nation ruled by left wing mobs isn&#039;t any better than a nation ruled by left wing mobs.</description>
		<content:encoded><![CDATA[<p>I know your stuff.  The comparison was meant to be instructive.  Physician heal thyself, you know?  It&#8217;s an old zen technique.  A nation ruled by left wing mobs isn&#8217;t any better than a nation ruled by left wing mobs.</p>
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		<title>By: fm</title>
		<link>http://retheauditors.com/2009/08/22/damn-the-conflicts-arthur-levitt-still-wont-shut-up/comment-page-1/#comment-17218</link>
		<dc:creator>fm</dc:creator>
		<pubDate>Mon, 24 Aug 2009 14:26:39 +0000</pubDate>
		<guid isPermaLink="false">http://retheauditors.com/?p=2868#comment-17218</guid>
		<description>@2 Anonymous

I think you missed the point of the post:  Levitt has so many conflicts as a &quot;pundit&quot; I&#039;ve lost count.  I made no critique of what he said.  In fact, what he used to say I agreed with very much.  The problem now is I&#039;d like to know why he&#039;s saying it, for whom he&#039;s saying it, how much he&#039;s getting paid to say it, and whether he is still a believer, honestly,  in what he says.

Since I don&#039;t see that coming any time soon, I don&#039;t think he should be given the podium and treated with deference as a wise-sage.
Francine

PS.  I find it hilarious that you compare me to Hannity and Coulter.  You really don&#039;t read what I write, do you?
fm</description>
		<content:encoded><![CDATA[<p>@2 Anonymous</p>
<p>I think you missed the point of the post:  Levitt has so many conflicts as a &#8220;pundit&#8221; I&#8217;ve lost count.  I made no critique of what he said.  In fact, what he used to say I agreed with very much.  The problem now is I&#8217;d like to know why he&#8217;s saying it, for whom he&#8217;s saying it, how much he&#8217;s getting paid to say it, and whether he is still a believer, honestly,  in what he says.</p>
<p>Since I don&#8217;t see that coming any time soon, I don&#8217;t think he should be given the podium and treated with deference as a wise-sage.<br />
Francine</p>
<p>PS.  I find it hilarious that you compare me to Hannity and Coulter.  You really don&#8217;t read what I write, do you?<br />
fm</p>
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		<title>By: anonymous</title>
		<link>http://retheauditors.com/2009/08/22/damn-the-conflicts-arthur-levitt-still-wont-shut-up/comment-page-1/#comment-17180</link>
		<dc:creator>anonymous</dc:creator>
		<pubDate>Mon, 24 Aug 2009 11:47:27 +0000</pubDate>
		<guid isPermaLink="false">http://retheauditors.com/?p=2868#comment-17180</guid>
		<description>Why does anyone need to &quot;shut up&quot;.  I&#039;m tired of extremist pundits like Hannity, Coulter, and McKenna telling people to &quot;shut up&quot; just because they don&#039;t fit their view of good americans.  Levitt has great experience and should be free to express his views.  Just because he works in business doesn&#039;t make him evil, FM.  Nobody should &quot;shut up&quot;.</description>
		<content:encoded><![CDATA[<p>Why does anyone need to &#8220;shut up&#8221;.  I&#8217;m tired of extremist pundits like Hannity, Coulter, and McKenna telling people to &#8220;shut up&#8221; just because they don&#8217;t fit their view of good americans.  Levitt has great experience and should be free to express his views.  Just because he works in business doesn&#8217;t make him evil, FM.  Nobody should &#8220;shut up&#8221;.</p>
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		<title>By: Sunshine</title>
		<link>http://retheauditors.com/2009/08/22/damn-the-conflicts-arthur-levitt-still-wont-shut-up/comment-page-1/#comment-16856</link>
		<dc:creator>Sunshine</dc:creator>
		<pubDate>Sun, 23 Aug 2009 14:21:01 +0000</pubDate>
		<guid isPermaLink="false">http://retheauditors.com/?p=2868#comment-16856</guid>
		<description>Your blog and ZeroHedge (linked in your first sentence) make an excellent point about disclosure - or lack thereof - when it comes to authors of OpEds generally. The point may also be relevant to disclosures about an interviewee who is quoted by/interviewed by a journalist. 

This issue is particularly concerning with respect to major mainstream news organizations, which the public relies on for (relatively) unbiased news, and in which the public may assume - rightfully or wrongfully - that they&#039;d be informed of any potential conflicts of the author of an OpEd, or an interviewee in a article/audio/video writen/conducted by a journalist.  

Additionally, the issue of disclosure of potential conflicts may in fact be heightened if partial disclosure - vs. no disclosure at all - is provided with respect to the op-ed author/interviewee&#039;s significant current/former positions of employment and board service, since no disclosure at all may imply full &#039;caveat emptor,&#039; whereas partial disclosure may be viewed by some as skewing the portrayal of the op-ed author/interviewee. 

What ever happened to sunlight being the best disinfectant?

Perhaps the bastions of journalism and their lesser-known counterparts have not yet caught onto the fact that people who serve on boards of directors, or in significant &#039;advisory&#039; roles (paid or unpaid, since an unpaid advisor&#039;s reputation is at risk), can potentialy be as influential - and conflicted - as current or former executives of a corporation, not-for-profit, or government agency. In the post-Enron era especially, with demands on boards of directors to be more fully engaged, serving on multiple boards is akin to a full time job.

If people question how practical it is for news organizations to &#039;discover&#039; a board position or significant &#039;advisory&#039; position of an author of an op-ed/interviewee, there are two possible solutions: (1) do an online search to see if the author&#039;s name is touted in any press releases of organizations who have engaged that person as an advisor or board member, and (2) ask the author of the op-ed (or interviewee) to disclose all potential conflicts when submitting the op-ed/being interviewed. 

On the latter suggestion, some may believe the news organization should perform some modicum of due diligence for discovering undisclosed conflicts of interest of an op-ed author/interviewee. However, others may believe it is impractical for the news organization to engage in that type of exercise, and still others may believe that disclosing a laundry list of current and former employment and board service of an op-ed author/interviewee would be less informative for the reader than highlighting the most well-known or relevant current/former position (although &#039;relevant&#039; can be in the eyes of the beholder). 

I don&#039;t have a degree in journalism and nor have I worked for a mainstream news organization so my comments may appear naive or ill-informed, but I hope you get some comments from professional journalists on this subject.</description>
		<content:encoded><![CDATA[<p>Your blog and ZeroHedge (linked in your first sentence) make an excellent point about disclosure &#8211; or lack thereof &#8211; when it comes to authors of OpEds generally. The point may also be relevant to disclosures about an interviewee who is quoted by/interviewed by a journalist. </p>
<p>This issue is particularly concerning with respect to major mainstream news organizations, which the public relies on for (relatively) unbiased news, and in which the public may assume &#8211; rightfully or wrongfully &#8211; that they&#8217;d be informed of any potential conflicts of the author of an OpEd, or an interviewee in a article/audio/video writen/conducted by a journalist.  </p>
<p>Additionally, the issue of disclosure of potential conflicts may in fact be heightened if partial disclosure &#8211; vs. no disclosure at all &#8211; is provided with respect to the op-ed author/interviewee&#8217;s significant current/former positions of employment and board service, since no disclosure at all may imply full &#8216;caveat emptor,&#8217; whereas partial disclosure may be viewed by some as skewing the portrayal of the op-ed author/interviewee. </p>
<p>What ever happened to sunlight being the best disinfectant?</p>
<p>Perhaps the bastions of journalism and their lesser-known counterparts have not yet caught onto the fact that people who serve on boards of directors, or in significant &#8216;advisory&#8217; roles (paid or unpaid, since an unpaid advisor&#8217;s reputation is at risk), can potentialy be as influential &#8211; and conflicted &#8211; as current or former executives of a corporation, not-for-profit, or government agency. In the post-Enron era especially, with demands on boards of directors to be more fully engaged, serving on multiple boards is akin to a full time job.</p>
<p>If people question how practical it is for news organizations to &#8216;discover&#8217; a board position or significant &#8216;advisory&#8217; position of an author of an op-ed/interviewee, there are two possible solutions: (1) do an online search to see if the author&#8217;s name is touted in any press releases of organizations who have engaged that person as an advisor or board member, and (2) ask the author of the op-ed (or interviewee) to disclose all potential conflicts when submitting the op-ed/being interviewed. </p>
<p>On the latter suggestion, some may believe the news organization should perform some modicum of due diligence for discovering undisclosed conflicts of interest of an op-ed author/interviewee. However, others may believe it is impractical for the news organization to engage in that type of exercise, and still others may believe that disclosing a laundry list of current and former employment and board service of an op-ed author/interviewee would be less informative for the reader than highlighting the most well-known or relevant current/former position (although &#8216;relevant&#8217; can be in the eyes of the beholder). </p>
<p>I don&#8217;t have a degree in journalism and nor have I worked for a mainstream news organization so my comments may appear naive or ill-informed, but I hope you get some comments from professional journalists on this subject.</p>
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