Archive for the ‘SEC’ Category

Good Riddance

By Francine • May 6th, 2008

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Paul S. Atkins, one of three Republican members of the Securities and Exchange Commission, said on Monday that he would leave the agency after his term ends next month.

Mr. Atkins, widely considered the most conservative member of the S.E.C. in recent years with the strongest free-market bent, was appointed by President Bush in July [...]

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You Thought Backdating Was On The Back Burner?

By Francine • May 2nd, 2008

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I paid Linda Thomsen a compliment at the recent Capital Markets Summit.  I told her that the SEC was out of the gate early and strong on backdating and it was heartening to hear that they were still interested in it, even though the business community, maybe, thought it was old news.
She liked that, smiled [...]

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Hate To Say I Told You So…

By Francine • May 1st, 2008

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We’ve talked about the Big 4 audit firm Catch-22 – Pay me here or pay me there, but you’re going to pay, since I hold the trump card.

As was reported here and here, intolerance for risk and management of legal liability exposure are motivating the Big 4 to force the extra work and fees [...]

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Being Christopher Cox

By Francine • Apr 17th, 2008

Photo SourceOn Friday of this week, I will be attending the US Chamber’s luncheon briefing featuring SEC Chairman Christopher Cox, Outlook from the SEC.
Chairman Cox intends to give an in-depth look at the U.S. Securities Exchange Commission’s initiatives and priorities for the year ahead.
Christopher Cox has been mentioned by name at least six [...]

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Hey SEC – Clawback Those Stolen Bonuses

By Francine • Dec 4th, 2007

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Well, this was news to me.
I have written before about incentive compensation and the crime of giving executives bonuses based on targets they set and numbers they have the power to manipulate. So I am excited, tickled pink and delirious over the possibility that the SEC may start to enforce this provision. Can [...]

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Excellence Is Not An Act But A Habit

By Francine • Sep 16th, 2007

“Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but we rather have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.”
-Aristotle
Although I usually agree wholeheartedly with Jonathan Weil, I take exception [...]

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Update – H & R Block – Liquidity Taxed

By Francine • Sep 8th, 2007

Breeden Wins! Now he’s got to deliver.
Breeden to join board of H&R Block Richard Breeden, the former SEC Chairman turned hedge fund manager, has won his proxy contest against the management of tax preparer H&R Block.
While official tallies of the shareholder vote have yet to be confirmed, it appears that Mr. Breeden [...]

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