Mistrial Shows Risks in Choosing A Path for Prosecution

Article Abstract:

Credit Suisse First Boston investment banker Frank Quattrone survived the first round of his obstruction of justice trial after the judge declared a mistrial when the jury could not reach a decision. Prosecutors knew that they could not prove more serious charges of his participation in providing favored investors special allocations of stock offerings which were denied to less important clients. The prosecution team resorted to obstruction of justice charges based on an e-mail that Quattrone sent to employees to support management efforts to clear out potentially incriminating data files. Despite Quattrone's troublesome testimony, jurors still had problems supporting the prosecution case against him.

Legal issues & crime, Investment Banking and Securities Dealing, Investment Banking, Executive changes & profiles, Security brokers and dealers, Legal/Government Regulation, Officials and employees, Company legal issue, Cases, Investment banks, Credit Suisse First Boston L.L.C., Quattrone, Frank, Obstruction of justice

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The Biggest Accounting Firm? Best Consult the Fine Print

Article Abstract:

One of the problems of learning about accounting firms' earnings is underscored by the contrasts in reports from PricewaterhouseCoopers and Deloitte Touche Tohmatsu. The former reported $14.7 billion in revenue for the fiscal year ending June 30. Deloitte indicated it earned $15.1 billion by the end of May 31, but it added expenses billed to clients. PricewaterhouseCoopers said their figures would have been higher if they had not honored international accounting standards which it believes provide a more accurate reflection of its earnings.

Sales, profits & dividends, Financial management, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Finance, Reports, Company sales and earnings, Accounting firms, Accounting services, Company earnings/profit, Company financing, Deloitte Touche Tohmatsu, PricewaterhouseCoopers L.L.P.

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A high-tech domino effect; as dot-com's go, so go the e-commerce consultants

Article Abstract:

All electronic-commerce consultant firms have suffered as a result of the weakness in the online sector. Firms like Scient Corp. and others that grew too rapidly are finding that demand for their services has evaporated, and are now having to lay off employees by the hundreds as they face a capital crunch.

Management Consulting Services, Business & Mgmt Consulting, Administrative Management and General Management Consulting Services, Economic aspects, Human resource management, Agency.com Ltd., Electronic commerce, E-commerce, Consulting services, Scient Corp., Viant

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