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To: Lizzie Tudor who wrote (55775)8/12/2006 1:49:02 PM
From: KeepItSimple  Read Replies (1) | Respond to of 213176
 
All the auditors signed off on Enron, too. In case you didnt know- auditors arent actually out looking to find problems at the companies they work for. They're looking to get paid. That's it. The whole auditing profession is corrupt, just as apparently the whole tech industry compensation system.

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I don't think anybody in SV ever went back and refiled after backdating, that is the issue. But then the question is, is this fraudulent intent or not. Accountants signed off on everything.



To: Lizzie Tudor who wrote (55775)8/12/2006 1:51:26 PM
From: KeepItSimple  Respond to of 213176
 
Just the public companies, lizzie- the ones that have stock options. That is hardly half of the companies in the US. It's way less than 1%.

You're still in denial. 99% of the dot.com companies from 1996-2000 were corrupt. They were scammers. They were trading advertising with each other and booking it as revenue. Why is it so hard for you to believe that there is yet another skeleton in the closet from that era that we're just now finding out about?

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1/5? And this is just a start? So in other words about HALF of US companies are being run by crooks. Is that believeable to anybody?