Poison Pill Partnerships, Meltdown Investigations and More . . .
Posted on May 6th, 2008 by Priya Ramesh »Permalink
It’s shaping up to be quite a busy week for Wall Street. Bloomberg’s got the skinny on the latest goings-on in Microsoft’s bid for Yahoo! (as in, rough day for Yahoo! shareholders although happier days may come), and
Professor Bainbridge has an interesting related take on just what might have soured things in the end — and prevented a hostile bid from MSFT.
Elsewhere on Wall Street, reports that the FASB is about to get a good deal tougher on folks involved in the subprime mortgage meldtown, assembling a task force of assorted agencies to look into whether any of them committed mortgage fraud, insider trading and accounting fraud.” We’ll be watching this one closely.
Meanwhile, WebCPA has the goods on Interpublic’s deal with the SEC and the $12 million they had to cough up to settle charges of accounting fraud — without admitting or denying the charges.
Finally, in what has to be the best-headlined story we’ve read in ages, CFO’s got an interesting piece up this week on how accounting students are planning for the switch from GAAP to IFRS. It’s worth the read.
Tags: Yahoo!, Microsoft, GAAP, IFRS, FASB