Sentences with phrase «accounting scandals of»

Since all of the accounting scandals of the last few years, many corporations have cleaned up their accounting and become more conservative.

While Wells Fargo received harsh criticism for its abuse of customer trust in the fake deposit account scandal of 2016, its highly - regarded mortgage business remained safe from blame until recently.

Not exact matches

After the scandal broke, Young wrote a book called «The Politician: An Insider's Account of John Edwards's Pursuit of the Presidency and the Scandal That Brought Him Down.scandal broke, Young wrote a book called «The Politician: An Insider's Account of John Edwards's Pursuit of the Presidency and the Scandal That Brought Him Down.Scandal That Brought Him Down.»

Like JPMorgan, Citigroup was involved in a margin loan to an entity controlled by Christo Wiese, the former chairman of Steinhoff International, whose stock has been ravaged by an accounting scandal.

CEO Joe Papa said he intended to wash Valeant's hands clean of the accounting and drug pricing scandals that have plagued it.

A day after berating Wells Fargo CEO Tim Sloan over the bank's own scandal with phony accounts, Senator Warren took aim Wednesday at Smith, who retired as CEO of the credit reporting agency last week in the wake of the Equifax breach.

demanded that Wells Fargo CEO John G. Stumpf be fired in the wake of the bank's fake account scandal.

After an accounting scandal in the late 1990s, Hammergren, a then 40 - year - old of modest upbringing from small - town Minnesota, was named co-CEO.

Mr. Sloan, a veteran of the bank, took over as C.E.O. after his predecessor, John Stumpf, resigned after the eruption of a scandal involving Wells Fargo's creation of fake accounts.

Wells Fargo already faces many lawsuits over its opening of unauthorized customer accounts, in a scandal that led to last month's departure of the San Francisco - based bank's longtime chief executive, John Stumpf.

In an election year, the Wells scandal is a Wall Street scandal that the average American is directly connected with (almost everyone has a bank account), and it can help the members of Congress look tough on the financial industry.

Essentially, Stumpf's argument is that he accepts responsibility for the scandal, but that senior executives did not create a culture that encouraged the type of behavior that led to employees opening 2 million false accounts.

One of Pitt's pileup of controversies involved a meeting with Gene O» Kelly, then CEO of KPMG, when that firm was under investigation related to the Xerox accounting scandal.

The comments from Cruz and Lee suggest MacManus will likely face a nasty confirmation battle that will touch on the role he played as Clinton's top aide in the immediate aftermath of the Benghazi attack, as well as during the scandal over her use of a private email account while serving as secretary of State.

The beleaguered executive retired Wednesday afternoon as investors, lawmakers, and consumers grew increasingly frustrated with how Stumpf handled the fallout of the bank's phony account scandal.

And Wells Fargo (wfc), still dealing with the fallout of its fake accounts scandal, is up just 10 %, but Buffett's position has gained almost $ 2.5 billion in value over that time.

That had knocked billions of dollars in value off Paulson's top positions, including Allergan (agn), Mylan (myl), Teva (teva) and Valeant Pharmaceuticals (vrx)(which had also suffered from other problems including an accounting scandal).

Banks need to stop rewarding the kind of bad behavior that led to the Wells Fargo fake accounts scandal and other banking misdeeds, New York Fed President William Dudley said Monday.

It is another bout of negative publicity for the accounting profession, which has been rocked by scandal since the implosions of Enron and WorldCom.

«I do think he will get a significant reduction but I think he will still be incarcerated for the foreseeable near future,» said Hilder, whose clients included Sherron Watkins, who famously warned Lay in late August 2001 that Enron could «implode in a wave of accounting scandals.»

Aside from the various scandals, patent protection for drugs that accounted for half of Bristol's pharmaceutical revenue was nearing an end or otherwise in jeopardy.

The currency's movement was in response to a massive 34 - hour protest staged by tens of thousands against the incumbent Prime Minister Najib Razak on an alleged scandal involving a $ 700 million cash transfer into his personal bank account.

LONDON (AP)-- The chairman of Tesco, the world's second - biggest retailer behind Walmart, announced his resignation Thursday amid an accounting scandal in which the company admitted it had overstated its projected profits.

In the latest turn of the developing scandal around how Facebook's user data wound up in the hands of Cambridge Analytica — for use in the in development in psychographic profiles that may or may not have played a part in the election victory of Donald Trump — the company has taken the unusual step of suspending the account of the whistleblower who helped expose the issues.

He had 2 million in shares of Wells Fargo stock — and he got up every quarter during the fake accounts scandal and told potential investors that Wells was a great deal because of the cross-sell ratio.

I speak, of course, of the sponsorship scandal in which millions of dollars was stolen from Canadian taxpayers, and that money was then diverted into Liberal bank accounts.»

After its scandal in which it created up to 2 million fraudulent accounts, Wells Fargo (WFC) asked a Federal District Court to order customers to private arbitration instead of the class - action suit they were pursuing.

Wells Fargo & Co.'s attempt to force aggrieved customers into closed - door arbitration over its fake - accounts scandal is drawing a legislative backlash in its home state of California and risks subjecting the bank to another round as a public punching bag.

SAN FRANCISCO — Hewlett - Packard's $ 9.7 billion acquisition of Autonomy seemed like a bad idea long before Tuesday's allegations of an accounting scandal made clear it was a deal that should never have happened.

CEO John Hammergren, has experience the aftermath of an accounting scandal.

Sunbeam, Enron, Cendant, McKessonHBOC, and Waste Management all had the requisite number of committees and guidelines, yet accounting scandals still penetrated this governance shield.

Zuckerberg told the New York Times in an interview published on Wednesday he had not seen a «meaningful number of people» deleting their accounts over the scandal.

TOKYO (Reuters)- The Japanese affiliate of Ernst & Young LLC has launched an in - house investigation into its audit of Toshiba Corp in the wake of the electronics maker's $ 1.2 billion accounting scandal, a person with knowledge of the matter said.

The accounts scandal has led to a $ 185 - million settlement with regulators and last month's sudden retirement of Wells Fargo Chief Executive John Stumpf.

Wells Fargo has run into problems of late following a scandal, revealed last September, in which thousands of its employees opened millions of fake accounts for unwitting customers over a decade and a half, if not longer.

The impact of higher oil prices on the country's current account deficit and inflation rate, the Indian banking system's struggles with demonetization, scandals, bad loans and a government looking ahead to next year's general election have all taken a toll on investor sentiment.

Warren accused Sloan of breaking his promise to customers since he took over as CEO in late 2016 after a fake accounts scandal burst into the headlines.

The Citron founder is most famous for correctly predicting the fall in shares of Valeant, a Canadian pharmaceutical company that has been at the center of an accounting scandal.

The scandal, which saw the bank acknowledge that 2 million checking and credit card accounts were opened on behalf of existing customers without their authorization, resulted in then - CEO John Stumpf leaving the company and about $ 180 million in executive compensation getting clawed back.

In the wake of the Cambridge Analytica scandal, in which data from over 50 million Facebook profiles was secretly scraped and mined for voter insights, many Facebook users have decided to delete their accounts — but untangling yourself from a site

To top it all off, 2016 and 2017 witnessed their now infamous «fake accounts» scandal that impacted literally millions of customers and involved tens of millions in falsely opened accounts.

After a scandal involving fraudulent accounts, the central bank restricted the growth of Wells Fargo, which said it would replace four board members.

In the coming quarters, it is possible that accounting firms, given the implosion of Arthur Anderson following the Enron scandal, will force greater discipline on the banks than they may be willing to exercise on their own.

Earlier this month, the Federal Reserve placed restrictions on Wells Fargo's growth in the wake of the phony account scandal.

The number of Facebook accounts affected by the Cambridge Analytica data scandal is actually 87 million, as opposed to 50 million.

Thus Polanyi concludes that, «When Einstein discovered rationality in nature, unaided by any observation that had not been available for at least fifty years before, our positivistic textbooks promptly covered up the scandal by an appropriately embellished account of his discovery.»

But, according to The Atlantic, «Scandal is no more salacious than the accounts of Old and New Testament biblical figures, from King David and his philandering - but-wise son, King Solomon, to Apostle Paul, pre-conversion.»

Sometimes Christian believers themselves are responsible for giving a false impression or deficient account of their faith, and indeed they may give scandal to others that create barriers to belief.

He joined at the height of the accounting scandal when it overstated profits by # 250 million, and was credited with bringing much - needed experience to the board in handling crises.

Billions of dollars in payments from suppliers to retailers will come under renewed scrutiny in Australia following an accounting scandal that has wiped 20 per cent off the value of British retailer Tesco and claimed the scalp of its chairman and at least eight senior executives.