#646: GE Stock Rebounds as Investors Push Back

A whistleblower has accused GE of substantial irregularities, but many investors (including the GE CEO) are sticking by the stock and increasing their holdings. This Washington Post article may require you to register for free access to a limited number of articles each month. Here is the article.

#245 Prosecuting Wall Street

These two segments from 60 Minutes highlight the internal control requirements of the Sarbanes Oxley Act and management's responsibility for certifying that such controls are adequate. While that sounds good on paper, evidently it's not happening in actual practice as highlighted in the two segments which feature internal control failures at Countrywide and Citicorp with regard to the collapse of mortgage backed securities.

#129 Whistleblowers Get a Raise

From the 8/2/10 issue of Business week, the SEC will now be eligible to make offers of up to 30% of fines to whistleblowers, as opposed to the previous limit of 10%.
http://www.businessweek.com/magazine/content/10_32/b4190031434221.htm?chan=magazine+channel_news+-+politics+%2B+policy

Re: #96: Whistleblowers Aren't Pretty

An interesting comment on the personality traits of Harry Markopolos and other whistleblowers from Going Concern, a tabloid blog for the accounting profession.
http://goingconcern.com/2010/03/whistleblowers-are-not-pretty/

#96 No One Would Listen

Matt Lauer interviews Harry Markopolos, the whistleblower who was 4 times rebuffed by the SEC when trying to alert them to the Bernie Madoff fraud. The best line from Matt - ...but, Harry, no offense, you look like an accountant."

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