BA621-L6A8 - Peter A. Taylor February 1, 2010 May 21, 2010...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Peter A. Taylor February 1, 2010 – May 21, 2010 BA621 Business Law Lesson #6 Assignment #8 Lesson #6, Assignment #8: WSJ Critical Thinking Exercise Download and read the The Wall Street Journal article entitled "Flaky Accounting on the March?" by clicking HERE . 1. What issue does the editorial present? The editorial brings up the criminal actions of many company’s CEOs who myopically force their accounting statements to show black (good juju) vs. red (bad juju). The editor sides with the firms vs. the SEC because his/her rationale is that executives will learn from the mistakes of other executives. When it’s revealed that an exec has been “cooking the books” he will be taking a hit in the wallet, which should be enough negative reinforcement—and example setting—on its own. 2. What is the editorial’s conclusion and main reasons? It concludes that the SEC should not take an overbearing role in regulating these companies, as this is the normal “Pushmi- Pullyu” of interbusiness competition. The editor does not foresee any melt-downs just because a few companies decided to cook the books a little bit, and presumes that in the end
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/06/2010 for the course BA LMA01 taught by Professor Weinstein during the Spring '10 term at Antelope Valley College.

Page1 / 4

BA621-L6A8 - Peter A. Taylor February 1, 2010 May 21, 2010...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online