Word: watchdogging
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...Pitt has had to reverse himself more often than a new driver learning to parallel park. A former lawyer for big accounting firms and brokerages, he started out on the permissive side of debates over whether accounting and auditing functions should coexist, whether the accounting industry needs its own watchdog group and whether measures are needed to rein in stock-option abuse. In each case, he relented only after a public outcry. Now he says tougher action is needed to protect investors from bum analyst recommendations--action that goes beyond the rules the SEC approved just last week, rules that...
...manufacturing artificial Christmas trees and lawn furniture, operations that last year accounted for practically all of the company's $116 million in revenue. Three years ago, David Webb, who makes his living researching and investing in overlooked Hong Kong companies and is also a self-styled stock-market watchdog, saw Boto as a buy. On his website (webb-site.com), Webb recommended the stock because of its solid growth prospects?revenue grew 19% last year?and for its conservative managment team that, said Webb, "had not indulged in property or stock-market speculation, nor tried to dotcom itself...
...fending off a rare revolt by shareholders who want a bigger dividend from the company's $1 billion cash reserve. Looking to boost investor confidence in the market, Chinese regulators have launched a campaign against embezzlement by listed companies. In Malaysia, private investors have established the Minority Shareholders Watchdog Group, and a similar body has been formed in Taiwan...
...president of the National Environmental Trust, calls Bush "the worst President for the environment since the first Earth Day in 1970." Eric Schaeffer, who recently quit as chief of civil enforcement at the Environmental Protection Agency because he believes the White House is undermining the agency's role as watchdog, describes the problem this way: "The EPA is in the backseat, or maybe even riding the bumper, and the energy industry is having a field...
...Superfund was established in 1980 as a mechanism to force industry to pay for their toxic spills and general pollution, after years of growing public concern over toxic exposure. The U.S. Public Interest Research Group (USPIRG), a watchdog organization in Washington, D.C., estimates that one in four Americans lives within one mile of a Superfund site. Soon, that may not be the case - and not necessarily because things have been cleaned up, but simply because there just isn't enough money allocated to tackling our pollution problems...