Word: fats
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...weren't an option under his regime. To get a detailed look at his target's finances and pick up the best talent, the deal had to be friendly. And it had to be fast, finished in a matter of weeks, not months. Going after underperforming firms that were "fat, dumb and happy," in the words of a former Tyco employee, Kozlowski would move in quickly to slash costs and consolidate and close factories; top executives were usually shown the door in favor of eager, young middle managers willing to work long hours. To make sure his charges made their...
...FAT CONSULTING FEES CORRUPT CORPORATE AUDITORS The accounting firm Arthur Andersen earned $54 million a year in fees from Enron, making about as much for auditing the books as it did for consulting work. Andersen basically blessed its own advice. And guess what might have happened to those consulting fees if Andersen had stood up to Enron over questionable bookkeeping? The auditing and consulting functions should be performed by separate firms, and auditors should be replaced every three years. The U.S. should also move to "principles based" accounting standards like those in Europe. America's "rules based" approach, known...
...comedies and dramas that audiences are embracing. Last month the searing adultery drama Unfaithful opened between Spider-Man and Star Wars and has held on well at the box office. The R-rated Al Pacino thriller Insomnia has also done well. The unassuming but endearing indie comedy My Big Fat Greek Wedding has found an audience, with minimal advertising and generous word of mouth. And Miramax is betting against the glut of blockbusters with four art-house movies this summer, including Oscar Wilde's The Importance of Being Earnest and Full Frontal, director Steven Soderbergh's star-studded but extremely...
...Women need body fat in order to produce a normal weight baby and to be able to properly nurse it,” Frisch said...
Frisch’s finding has a biological basis. Body fat in women converts the male hormone androgen into the female hormone oestrogen...