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The thought occurs, but lying to investors of a publicly traded company (ie. HP lying about accounting fraud) would in and of itself be massive fraud that would
by gsibble 14y ago
The thought occurs, but lying to investors of a publicly traded company (ie. HP lying about accounting fraud) would in and of itself be massive fraud that would open HP and its officers and board to incredible penalties. I can't imagine how any scenario would make it worthwhile, especially if you consider the personal ramifications for the officers.
- mark-r 14y agoI'm not saying they're lying, but certain things like timing are under their control. I also wonder how much leeway they have for the amount of the writedown. Certainly the numbers need justification but you can always tilt the evidence to support your desired outcome.