IBM Bubble Deflating After James Kavanaugh's Accounting Trick With 'Toxic Assets' Comes Under SEC Scrutiny
An hour ago: IBM Continues Tanking Today, Already $58+ Lower Than Recent High, Insiders Explain Why
It's getting yet worse:
If something goes up based on false speculations, bonus numbers and self-serving lies, then it'll come back down, eventually...
Will the SEC also go after IBM, or it is "protected"? [1,2]
Some minutes ago somebody wrote: "As long as IBM is led by East-coast mentality, it will flounder. People like RT read a book about the mentality of West-coast tech innovators and just don’t get it. But then they try and apply general trends like clock speed, create urgency, don’t think - do, etc., and don’t have the underlying principles to make it culture. So direction changes often and workers are left scrambling to try and execute in the direction of the day."
They're talking about how IBM's stock talks today. █
From today's Daily Links:
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Donald Trump Is Kneecapping Corporate Oversight
President Donald Trump has been carrying out a frenzied deregulation of financial markets. Recently, the administration stacked the US’s top watchdog of corporate auditors with Trump loyalists and former executives of the companies they will now oversee.
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Trump’s SEC Is Moving to Silence Investor Whistleblowers
Under the Trump administration, the SEC has taken a sledgehammer to enforcement against corporate crimes, with cases dropping to record lows — at the same time that corporate lobbying of the federal government has surged to unprecedented levels.
