You can count on the editorial page of the New York Times to spoil a good party. With Twitter’s IPO poised to raise nearly $2 billion, the market is looking healthier than it has in years. But a Times editorial said new-stock offerings should “raise suspicion, not excitement.” That’s a stunningly harsh assessment, even among […]
It’s embarrassing anytime a company’s earnings are released accidentally. But when the company is a giant known for its savvy technology skills, well, it’s a calamity. Amid the morning-after explanations, several questions remain unanswered.
I recently had lunch with a senior executive from a big accounting firm who complained about the criticism his firm was facing over audits it conducted at big companies that later were found to have big problems. In all these cases, the executive said, there was a “well established body of accounting practice” that permitted […]