A Quote by Bennie Thompson
Unfortunately, WorldCom is not the only company caught up in this kind of accounting scandal. The impact this will have on the general public is yet to be seen.
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The American business man cannot consider his work done when he views the income balance in black at the end of an accounting period. It is necessary for him to trace the social incidence of the figures that appear in his statement and prove to the general public that his management has not only been profitable in the accounting sense but salutary in terms of popular benefits.
I've seen a lot of my friends go through different reality shows, and they just get caught up in a lot of stagnant positions, unfortunately.
I'm supposed to be the director of a television company, but I've only ever seen that company as a vehicle for making the kind of programmes we wanted to make, getting our ideas on the screen.
My first profession was public accounting; I became a CPA. I was three years into public accounting - great profession, great skill set, but I didn't want to do it forever.
I can say with absolute confidence that the general public of Burma would be very little affected, if at all, by sanctions. So far, the kind of investments that have come in have benefited the public very little indeed. If you have been in Burma long enough, you will be aware of the fact that a small elite has developed that is extremely wealthy. Perhaps they would be affected, but my concern is not with them but with the general public.
Probably the best advice I ever got in my life was from the head of the accounting department, Mr. Hutchinson, I believe at the Glidden Company in Chicago, and he told me, 'You really aren't cut out for accounting.'
Becoming carbon neutral is only the beginning. The climate problem will not be solved by one company reducing its emissions to zero, and it won't be solved by one government acting alone. The climate problem will not be solved without mass participation by the general public in countries around the globe.
Creative accounting is an absolute curse to a civilization. One could argue that double-entry bookkeeping was one of history's great advances. Using accounting for fraud and folly is a disgrace. In a democracy, it often takes a scandal to trigger reform. Enron was the most obvious example of a business culture gone wrong in a long, long time.
Only as long as a company can produce a desired, worthwhile, and needed product or service, and can command the public, will it receive the public dollar and succeed.
If organizations are focused on a purpose, something that will make the world a better place and leave a big impact, people can rally behind that mission. If a company is only about making money, it's hard to unleash passion. If there's a big WHY that the company is working to solve, passion will flow like the amazon.
Going public for the sake of going public is not really an optimal thing. You're going public because as a company you believe it is the right thing to do and it will benefit the ability of the company to achieve its long-term objectives.
That business aspect of the media, that Charlotte Street world, the advertising and programme executives, it leaves me absolutely cold. I'm supposed to be the director of a television company, but I've only ever seen that company as a vehicle for making the kind of programmes we wanted to make, getting our ideas on the screen.
An intuitive part of the American ethos is a kind of protectiveness of the public's fear. We have to remember how unique that is. As scandal-ridden as we may be, we start with a basic expectation that it's not your job in public service to use it to help your friend.
Before its immature ways caught up with it, Uber got bigger and went further than Webvan ever did. But it bleeds money, courts controversy, and makes enemies like no company Ive ever seen.
Most people will reach a point where, whatever their ideology, they will relent, or conform, and that keeps them kind of in the general mass of people. And for those who find that they can't, all of sudden they leave the general mass, they find that they become exceptions, and exceptional, and often this makes them public.
If you're CEO of a company, you have to be a public person. You're speaking to the press, you're speaking to investors, you're speaking to employees, you're the public face of the company and so kind of naturally you become more extroverted, more outwards facing.
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