New proposal would alter stock sales to employees
Article Abstract:
Accounting rule makers have given their preliminary approval for a plan that could make it more difficult for firms to sell stock to their workers. According to recent estimates, less than 20% of all companies offer stock purchase programs for their workers. Approximately 50% of those firms offer the more lucrative stock plans that could be reduced if the plan gains final approval. Under the plan, firms that provide a 15% or higher discount on shares to employees would have to implement the discount as an expense.
Comment:
Accounting rule makers give preliminary approval for a plan that could make it more difficult for cos to sell stock to workers
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Film industry is confronting likely change in accounting
Article Abstract:
New financial reporting standards for the US film industry are awaiting final approval by the Financial Accounting Standards Board and the American Institute of Certified Public Accountants. Hollywood studios, such as Sony Corp., Columbia Pictures, Paramount Pictures, Metro-Goldwyn-Mayer and 20th Century Fox, have been using liberal accounting practices that allow them to show profits on failed films. The new standards, according to industry analysts, may result in hundreds of millions of dollars for the studios.
Comment:
New financial reporting standards for the film industry may result in huge losses for Hollywood studios
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Lawsuits by rivals accuse textile maker of corporate espionage
Article Abstract:
NRB Industries and Johnston Industries, two US textile manufacturers, have claimed that they were victims of corporate espionage conducted by rival Milliken and Company. NRB recently has settled a lawsuit stemming from allegations that a corporate spy, posing as a graduate student, had infiltrated its operations and stolen company secrets. Milliken, the largest private US textile company, had paid the consultants over $500,000 for stolen confidential information taken from nine textile companies.
Comment:
Has claimed that it was a victim of corporate espionage conducted by rival Milliken and Company
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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