Whens and Wherefores of Stock Grants
''We all know this issue has been created by auditors that are unwilling to use any type of judgment, unwilling to look at past practice,'' says one FASB board member about further proposed guidance on share-based compensation.
Nicolaisen on What’s Next for the SEC
''We need to reduce the complexity of virtually every aspect of financial reporting and increase transparency,'' says the chief accountant of the Securities and Exchange Commission, who returns to the private sector next month.
Financials Format Up for Review
A rule that proposes to change how companies display comprehensive income in their annual financial statements may become the next controversy for the Financial Accounting Standards Board.
Allstate Settles Overtime Dispute
Almost 3,000 white-collar employees are eligible to receive payments that could range from $1,000 to $100,000.
No Criminal Charges for MCI
Prosecutors say that ''the public interest has been sufficiently vindicated by the successful criminal prosecution of the principal criminal wrongdoers, Bernard Ebbers and Scott Sullivan.''
Insider Stock Sales Eyed at Molson Coors
The board is reportedly examining transactions by chief executive officer Leo Kiely and chief financial officer Timothy Wolf immediately following the merger earlier this year.
Board Recruitment More of a Challenge
''There's not a lot of new blood coming into the ranks,'' particularly for large public companies, notes one observer.
Katrina Threatens Corporate Profits
Earnings are still expected to climb in the third and fourth quarters, but largely because the energy and construction sectors will be carrying the ball.
Banks Face Suit on Mandatory Arbitration
Plaintiffs claim that the credit-card companies ''combined, conspired and agreed to implement and/or maintain mandatory arbitration.''
Siebel Prevails in Reg FD Case
The SEC's approach to enforcing Regulation Fair Disclosure, the judge found, ''places an unreasonable burden on a company's management and spokespersons Fair accuracy, not perfection, is the appropriate standard.''
Shell Settles Suits for $9.2 Million
The oil company also agrees to revise its executive-compensation practices and the composition of its board of directors.