Word: oxley
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...strong - almost half of all those made are sold in the U.S. - that for several months the sports car's German maker has been considering whether to list its shares on the New York Stock Exchange. But when Porsche chief executive Wendelin Wiedeking saw the tough new Sarbanes-Oxley Act that President Bush signed into law this summer on the heels of the Enron and WorldCom scandals, he had a fit. The new law, which seeks to safeguard against fraudulent accounting, requires CEOs and CFOs to vouch for the accuracy of their company's books under oath. That "makes...
ACCOUNTING FOR TROUBLE Continental companies aren't wild about the Sarbanes-Oxley...
...thought. With Enron, the tricks involved complicated partnerships, off-the-books debt and exotic hedging techniques that made the firm's financial results difficult to assess even for pros. It seemed unlikely that anything so complex could be widespread. But with WorldCom, as House Financial Services Committee chairman Mike Oxley, an Ohio Republican, says, it looks like "good old-fashioned fraud." Oxley's committee subpoenaed Sidgmore, Sullivan, Ebbers and Jack Grubman, telecom analyst for the Salomon Smith Barney unit of Citigroup, to a July 8 hearing. Not to be outdone, House Energy and Commerce Committee chairman Billy Tauzin, a Louisiana...
...demise of ‘Debauchery’ means that justice finally reigns on the Harvard campus,” UAGP president Tracy B. Oxley ’03 said. “I, personally, have worked really hard on making my relationship work so that I can get booty on a regular basis. It hasn’t been fair that someone can throw a fake $10 bill at you and have just as much...
...have not budged for 32 years, despite repeated calls for revision. But standing in the way of efforts to expand NHTSA's regulatory powers are such pro-auto legislators as John Dingell, the House Commerce Committee's senior Democrat, who is from Dearborn, Mich. (an auto center), and Michael Oxley, a Republican from Finley, Ohio (a tire center). Billy Tauzin, the committee's chairman, from Louisiana, tried several years ago to cut back on NHTSA's enforcement authority...