VOLTAIRE'S PORCH-MODERATED Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stockman_scott who wrote (53451)	7/1/2002 10:07:25 PM
From: RR	Read Replies (4) of 65232

Scott, first, I don't think most execs are corrupt the way another one of your articles eluded. Second, the CEO/Pres types are removed from the number crunching. The problem is the next tier down that feeds incorrect data up the chain of command. Some CEO/Pres I deal with are concerned about their internal controls and whether they are set up properly to assure integrity of numbers. So, they are reviewing internal procedures. For example, I saw this work properly about 25 years ago back in my corporate America days. We set up an Internal Audit Section. Didn't report to the CEO/Pres. Sort of independent in a chain of command. They could report to me or a Board committee. They did what they were suppose to do and found questionable use of funds by the CEO. He was gone soon thereafter. RR

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next