1500+ public companies restated earnings last year

today’s wsj reports over 1500 public corporations restated earnings last year and that we’re on track to beat that number this year. the article discussed how hard it is to get executives to return the bonuses.

too bad i cant ever get the SEC to listen to my proposal which would solve all this. i’ll restate it for posterity here:

create a new reg similar to the 13G short swing profit rule which would require insiders to disgorge profits earned during periods of significant earnings mis-statement. this would take the burden of proof away and simply require corporate insiders to return profits they never earned anyway.

2 thoughts on “1500+ public companies restated earnings last year

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s