If the JP Morgan “Whale” settlement was a true Sarbanes-Oxley success story, we’d see some bank executives going to jail. For a change.
Archive for the ‘Food for Thought’ Category
An updated review of Jeff Connaughton’s great book from last year, “The Payoff: Why Wall Street Always Wins” over at Medium.com and some more books to read before summer’s over.
Big egos making shares move by waving their wands. That makes picking stocks based on fundamental analysis more than slightly anachronistic. A bit about Herbalife…
This is the final paper from my first University of Chicago MLA class, “The New Cosmology”. There are some recommendations for summer reading if you are interested in literary science fiction. (As if I didn’t have enough writing to do…)
Unfrugal, Lawbreaking CEOs and Auditor Reputation: New At University of Chicago Booth School of BusinessBy Francine • Jul 15th, 2013
Two new blog posts at University of Chicago Booth School of Business Capital Ideas blog. One is about public company CEOs who buy luxury items and break the law and the other is about auditor reputation. Now I need an example of a thrice-married and divorced audit partner with a gambling or drug addiction who owns a Ferrari and a private jet…
Multinationals are under increasing scrutiny for income shifting and offshoring profits. I reported on the issues and U.S. legislative status in December in Accountancy, a magazine for the profession in the UK.
BLBG publishes the Advocate for Institutional Investors, a quarterly newsletter which contains reporting and analysis of the latest securities and corporate law issues. The Advocate often features articles by the management and general counsel of some of the largest public pension funds in the country, as well as some of the nation’s premier securities litigators. This Spring the magazine also features my writing on the subject of private litigation against audit firms.
The Wall Street Journal has been accepting sponsored content, in an exclusive contract with Deloitte, for a while for its CFO Journal, CIO Journal and now a new publication, Risk & Compliance Journal. You may not have noticed. It’s getting harder and harder to tell the difference between news and advertising.
I thought after all that had happened at JPMorgan Chase last year – for example, billions in losses from the “whale” trade, investigations into Libor and AML illegal acts, multiple lawsuits including by the New York Attorney General for foreclosure fraud – someone would take a close look at internal audit and, maybe, make some big changes. I was wrong.