Word: sheets
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Dates: during 2000-2009
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...that auditors, directors and stock analysts are supposed to put the interests of shareholders above their own thirst for fees. It is a failure of government: having greased nearly every campaigner's palm in Washington, Enron worked overtime to keep the regulators from looking too closely at a balance sheet gone bad. And it is a failure of character, especially inside Enron, where managers who knew something was badly wrong did not say anything publicly until the subpoenas began to arrive...
...that auditors, directors and stock analysts are supposed to put the interests of shareholders above their own thirst for fees. It is a failure of government: having greased nearly every campaigner's palm in Washington, Enron worked overtime to keep the regulators from looking too closely at a balance sheet gone bad. And it is a failure of character, especially inside Enron, where managers who knew something was badly wrong did not say anything publicly until the subpoenas began to arrive...
...supposed to be, a CEO gets a little nervous when he hires an Arthur Andersen to go over his company's books. After all, an outside auditor's seal of approval - this company's balance sheet is what the company says it is - means he keeps the confidence of investors, and on Wall Street confidence is everything. But if he gets a bad report - like the dreaded "accounting irregularities" - he's sunk. Investigators come running; investors just...
...Luckily, the business world is not without a sense of karma, and full disclosure does eventually come to those who wait. Enron's debt-concealing, off-the-balance-sheet partnerships (which Enron's pet law firm says were "creative and aggressive" but not illegal) and warped revenue yardsticks eventually brought it down, and now we all know about them. Arthur Andersen's reputation as an honest accountant is now permanently tarred, and it will suffer at Wall Street's hands for devaluing its auditor's seal of approval. (As a consultant, though, you've got to love the way they...
...handling those digital pictures, is superior to anything else out there for the amateur. How? When you connect your camera to the iMac, archiving pictures happens automatically--the pictures are uploaded and organized by "roll" and archived together as thumbnail images laid out on one endlessly scrolling digital contact sheet. A slider on the side of the contact sheet lets you instantly enlarge and examine hundreds of pictures at a glance, the better to find the one you're hunting for. This works far better than the PC alternative, which would have you manually labeling each picture you archive...