After years of continually beating the market with quarterly revenue targets, Parker H. Petit, CEO of MiMedx Group, Inc., was sued by the SEC for allegedly engaging in a “wide-ranging fraud” to inflate revenue. Questions: What is the industry type in which MiMedx operates? What were the ways in which the company perpetrated the fraud?… Read more »
Posts Tagged: Quarterly financial earnings
Think before you Speak
AOL recently altered its 401(k) program, by switching matching payments to one lump sum at year-end instead of throughout the year. The change was implemented, according to CEO, Tim Armstrong, because of soaring medical costs that arose in part from two families with “distressed babies.” Questions: 1. What is a 401(k)? 2. What was Armstrong’s… Read more »