Sears Sues

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According to CNN, the remains of defunct Sears Holdings is suing Eddie Lampert, the man who was its previous CEO and primary shareholder, alleging he improperly stripped the company of assets as it hurdled toward bankruptcy. Questions: In addition to Eddie Lampert, who else is named in the suit for the theft of Sears’ assets?… Read more »

Pay for Play

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Yale University has rescinded the admission of a student that officials at the school say was involved in a nationwide college entrance fraud that ensnared 50 people, including Hollywood actresses and CEOs, some of whom have already appeared in court. Questions: To make this scam work, who was “on the take” inside Yale? Who was… Read more »

More fun with intellectual property

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A cloud hangs over the music industry four years after the copyright trial of No. 1 song where writers Robin Thicke and Pharrell Williams, were ordered to pay more than $5 million for copying Marvin Gaye’s disco-era hit “Got to Give It Up.” Questions: According to intellectual property lawyers and music executives interviewed for this… Read more »

Benefits for Contractors

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Google employees are rewriting workplace rules at one of the world’s largest tech companies. Questions: What precipitated Google’s requirement for contract companies to provide some benefits to the thousands of contract employees who work every day with Google’s full-time employees at company offices around the world? What approximate percentage of workers at Google are contract… Read more »

Are you a 5 percenter?

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

In a recent move, AT&T has reduced the speed it supplies to its heaviest users of data for the iPhone 4. Although customers thought they had an unlimited data plan, under a new policy, AT&T has started cutting their data speeds as part of an attempt to manage data usage on its network. Unlimited plans… Read more »