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Financial SkepticAccentuating the caveat emptor with critical commentary concerning investor relations and financial communications. I look at how information is (mis)managed and manipulated thereby creating possible investors losses. |
Adobe Clears Itself ?
Posted on 10/12/2006 00:00 AM | Link | Post Comment
Adobe ADBE finally found irregularities in their stock option granting process. The first internal review found no problems. The last review conducted by the board with independent counsel and accountants found problems. No comment has been made as to why the in house guys declared their own laundry clean. But the board decided to conduct their own investigation. A very disconcerting finding following the second investigation was that in some cases paperwork was not 'sufficiently definitive' to determine who received grants, how many they got and when the grant was final.
All this from a document management company
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