Waste Management Inc. (NYSE: WMI) Message Board

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Gold/Mining/Energy : Waste Management Inc. (NYSE: WMI)

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To: AzCpa who wrote (31)	10/22/1999 9:16:00 AM
From: Larry Ricker	Read Replies (1) of 97

Waste Management Audit Uncovers More Problems; More Charges Seen By JEFF BAILEY Staff Reporter of THE WALL STREET JOURNAL Waste Management Inc. is expected to disclose as early as Friday that a massive audit of its hundreds of dumps and trash-collection operations has uncovered yet another round of accounting problems, requiring a third-quarter charge of as much as $1 billion, a person familiar with the matter said. The big adjustment would follow $3.54 billion in pretax charges taken in February 1998 to correct years of questionable accounting, followed by what was supposed to have been exhaustive due diligence leading up to the $19 billion July 1998 merger between Waste Management and USA Waste Services Inc. ... More in 10/22 WSJ

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