The IR reaction to accounting irregularities
Few pieces of news can be as dangerous for a company as revelations about accounting irregularities - striking as these do to the very heart of a company's strategy and business rationale. If allegations stick, the entire foundations on which a company's strategy are founded could crumble, leaving a competitor to pick up the pieces and rebuild.Recent examples of such events abound and many remain unresolved. Safety-Kleen, Mattel (and its 1999 acquisition, The Learning Company), Calpine Corp,
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