That's indicative of a company with an imperial CEO and very poor controls.
More Quotes from Lynn Turner:
Wasn't horrible and it made sense. And if it stops people from speeding, hey that's a good deal.Lynn Turner
As it's noted in the release Andersen was aware of the problem and agreed to go along with it, ... That is problematic not only in this one but time after time after time at the SEC we saw that occurring, unfortunately in this case the number are just humongous.
Lynn Turner
First and foremost it is the company, it's these executives that put these numbers together, it's not the auditors. So the people who are actually in the kitchen, cooking the books, stirring the stew, so to speak, are these executives, and there is no excuse for what happened.
Lynn Turner
If the council determines not to approve the funding, we assume that will be consistent with a decision not to complete the investigation.
Lynn Turner
This year is almost unmatched in history.
Lynn Turner
I don't see disclosures that Citigroup was trying to reduce its exposure to Enron -- trying to reduce its exposure at the same time it was trying to increase that exposure to outside investors by issuing notes,
Lynn Turner
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