Mister Finance
Financial insights, commentary, and advice.


The Cost Of Backdating
Posted on September 28th, 2006 on The AAO Weblog
A study done by Bloomberg News on the price effects of backdating probes shows that the investigations have “cost investors $7.9 billion in market value.” The article goes on to state the underperformance of the companies c...

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Overlooked Angles On The SEC’s New Comp Disclosures
Posted on September 27th, 2006 on The AAO Weblog
The new executive comp disclosures, effective for the proxies of the next wave of calendar year end filers, promise to bring some much-neede...

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Cox Testimony: A Hint Of Exams To Come
Posted on September 25th, 2006 on The AAO Weblog
SEC Chairman Christopher Cox testified last Tuesday on the impact of the Sarbanes-Oxley Act before the U.S. House Committee on Financial Servic...

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Doral: Deal With SEC Defined
Posted on September 21st, 2006 on The AAO Weblog
Nearly a year ago, there was a fairly wide SEC investigation going on in Puerto Rico: a group of major financial institutions appeared to be constr...

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It’s Here: The SEC’s Backdating Guidance
Posted on September 20th, 2006 on The AAO Weblog
Just released yesterday: a letter from new Chief Accountant Conrad Hewitt (his first public missive) to representatives of the financial prep...

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Chairman Cox: Backdating Rules Soon
Posted on September 18th, 2006 on The AAO Weblog
SEC Chairman Christopher Cox delivered introductory remarks to the 30th Annual Southwest Regional Enforcement Conference last Thursday. Not your...

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The SEC’s New Stand On Fixing Errors
Posted on September 15th, 2006 on The AAO Weblog
When it comes to fixing misstatements, “diversity in practice” abounds. Now a consistent approach for correcting errors is finally he...

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Dell’s Ordeals
Posted on September 12th, 2006 on The AAO Weblog
Dell announced yesterday that it is delaying the filing of its 10-Q due to the expansion of an informal investigation by the SEC into “the...

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Senate Banking Committee: Backdating Testimony
Posted on September 7th, 2006 on The AAO Weblog
Yesterday, the Senate Banking Committee heard testimony from a series of heavy hitters on the prevalence of backdated options - and the necessar...

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Fuzzy Signal: The SEC Looks Into XM Satellite Radio
Posted on September 6th, 2006 on The AAO Weblog
XM Satellite Radio Holdings filed an 8-K disclosing the SEC has opened an informal inquiry into their “subscriber targets, costs assoc...

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Campos On Backdating & Directors
Posted on August 28th, 2006 on The AAO Weblog
There’s an interesting article by Eric Dash about the Mercury Interactive board in the Sunday New York Times. Dash referred to a recent speech at Harvard by SEC Commissioner Roel Campos in which he declared, “If the facts permit, and I want to emphasize that all our enforcement cases a...

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