Typically, as companies decline, less and less information gets communicated, often out of fear that key people will jump ship. As a result, however, cynicism and morale plummet. Often an “us vs. them” situation develops, along with internal fingerpointing and blame games. The key here is to orchestrate a quantum leap in terms of [...]
A successful restructuring may turn a business around and put it back on the road to health. If companies detect problems early on, they can start making major adjustments to their operations, their finances and their whole approach to doing business. But the restructuring process can be fraught with perils if not managed properly because decisions [...]
A panel of turnaround experts at the recent CFO Rising West conference in San Diego shared insights of value to top execs at any company, but particularly CFOs who see the handwriting on the wall while their colleagues are in denial. It’s important for the CFO to be forceful, said Ken Sanginario, principal with [...]
Prior to the Enron financial scandal, most people didn’t stop to question the validity of corporate financial statements. Most of us, programmed early on to trust authority, accepted that the big-name auditing firms who “independently” examined and certified the financial statements were squeaky clean and above reproach. That was then; this is now. As we [...]
We’re approaching the third anniversary of that legendary $50 billion fraud. You know the one we mean—the investment scandal that rocked the financial world when Bernie Madoff made off with his clients’ fortunes. Well, he didn’t exactly make off with the fortunes; it’s more like he’d recycled the same dollars—or rather, reshuffled the same electronic [...]
Don’t be fooled by that headline. A group of anonymous “hacktivists” wearing joker masks aren’t leading an online war against financial statements. No, but we do mean you can soon expect to see new information on corporate financial statements regarding their real or potential exposure to cyber attacks. For all the advantages of living in [...]
If history has taught us nothing else during the recent decade of corporate scandals and downfalls, it’s taught us this: numbers DO lie. Or rather, those that produce the numbers sometimes stretch facts and obfuscate the truth with misleading impressions about a company’s financial health. We’re referring to audited financial statements. How much have you [...]
We’re sure you’d never consider acting on a hot stock tip you overheard at the water cooler —you know—the too-good-to-be-true tale that causes the less savvy to dash back to their desks and dial a broker. You’d never be that foolhardy. Right? How about this one: You just received a “personal” email that appears to [...]
It’s been more than a decade since the financial scandals perpetrated by Enron, World Com, and a host of others hit the evening news. Yet the images of top executives being forced to do the perp walk are still fresh in the collective mind. So are the memories of millions lost in retirement savings. Investors, [...]
Once again Wall Street is gyrating on the edge of uncertainty. You needn’t look too far to see the source of that uncertainty. The housing market is still limping along due to consumer’s wariness about spending and uncertainty about the overall economy. U.S. manufacturing activity just came in at negative 30.7. Unemployment is on the [...]
Along with the news that NASA ended their space shuttle program in July, there has been much speculation about the future of space travel. Did the final space shuttle mission mean we’ve been grounded for life? No, not by a long shot. When we wrote our book, The Big Gamble: Are You Investing or Speculating?, [...]
Anyone about to enter into the market for the first time is probably feeling skittish right about now. Wall Street flailed through an unprecedented crisis while Congress struggled to please everybody in the biggest financial bailout in the country’s history. When things didn’t go as planned, September 29th saw the largest one-day drop in the [...]
Sometimes it takes a hard knock to realize the logic of what we’ve been saying all along: There is no such thing as an “investment.” It’s all speculation. We’ve written about it repeatedly in our blog and in our book The Big Gamble: Are You Investing or Speculating? So, when we use the word “investor” [...]
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