Tags |
|
|
Links |
|
|
Casual Articles - Current Estimate of Economic Impact of Options Backdating
In today’s online world, if we do not show up in the search engines when some one searches for our name, then we don’t exist.There are many strategies we can use to ensure that we are “virtually visible” and one of the most effective and low cost strategies for building your personal brand online is the authoring of you
Assuming remaining companies Remaining companies only go over steps 1 & 3 $1.75 B
The other part of the economic impact stems from losses in market capitalization. If you estimat
Though many people are saying that real estate has started with its downward slide it surely doesn’t mean that it has become a bad investment. It is still profitable to invest in properties but all you have to do is keep your greed and fear aside to get a good deal. These two evils cause people to overestimate the worth of the
First the assumptions:
1. # of companies that actually are investigated or asked by the SEC (currenty June 03 is 42) by June 2006 = 100
2. # of companies that will complete the 3 step process of preliminary investigation, comprehensive audit and finally restatement of results (approximately at 30-50%) = 40
3. Approximate amount of time spent performing the initial investigation = 4-6 weeks.
4. Approximate time spent doing comprehensive audit = 20-32 weeks
5. Costs in back taxes, delisting, restatement, defending lawsuits & fines = 30% of cumulative value of option grants
6. Size of company assumed on average: $500M in revenues, 2500 employees, 25+ grants under inquiry
7. Grant value net = $15M per incident
If you want to do your own analysis (how much will this cost my company), feel free to use some of these estimations.
# Expense Item Description Cost
1 Initial Investigation Typically done by Board & Audit team $1.5 M 2 Communication expenses Economic impact of communication loss to company $4M 3 Audit fees Formal investigation fees for auditors $30M 4 Restatement costs Includes delisting, cost of documentation, $9 M 5 Taxes and fines Back taxes owed to IRS, Fines by SEC $15 M 6 Legal fees Defending lawsuits on backdating $20M Subtotal For each company, $500M revenue $79.5M Assuming 50 companies Completely go over the end to end process $3.975BThe other part of the economic impact stems from losses in market capitalization. If you estimateAssuming remaining companies Remaining companies only go over steps 1 & 3 $1.75 B
Every day a typical label print shop receives dozens, sometimes hundreds, of different artwork files for custom label printing. Sometimes the art is perfect but often there are problems that need to be addressed before the art can be printed. So here is a list of the most common mistakes that people make when preparing their a
First the assumptions:
1. # of companies that actually are investigated or asked by the SEC (currenty June 03 is 42) by June 2006 = 100
2. # of companies that will complete the 3 step process of preliminary investigation, comprehensive audit and finally restatement of results (approximately at 30-50%) = 40
3. Approximate amount of time spent performing the initial investigation = 4-6 weeks.
4. Approximate time spent doing comprehensive audit = 20-32 weeks
5. Costs in back taxes, delisting, restatement, defending lawsuits & fines = 30% of cumulative value of option grants
6. Size of company assumed on average: $500M in revenues, 2500 employees, 25+ grants under inquiry
7. Grant value net = $15M per incident
If you want to do your own analysis (how much will this cost my company), feel free to use some of these estimations.
# Expense Item Description Cost
1 Initial Investigation Typically done by Board & Audit team $1.5 M 2 Communication expenses Economic impact of communication loss to company $4M 3 Audit fees Formal investigation fees for auditors $30M 4 Restatement costs Includes delisting, cost of documentation, $9 M 5 Taxes and fines Back taxes owed to IRS, Fines by SEC $15 M 6 Legal fees Defending lawsuits on backdating $20M Subtotal For each company, $500M revenue $79.5M Assuming 50 companies Completely go over the end to end process $3.975BThe other part of the economic impact stems from losses in market capitalization. If you estimatAssuming remaining companies Remaining companies only go over steps 1 & 3 $1.75 B
How retailers can come up with quicker, superior resolution in a move to react quickly to shifting shopper demand? The retailers are under noticeable pressure in order to respond continuously evolving fashion trends. The consumer’s demands are continuously changing with the fashion trends, whether its design, fabric types, col
4. Approximate time spent doing comprehensive audit = 20-32 weeks
5. Costs in back taxes, delisting, restatement, defending lawsuits & fines = 30% of cumulative value of option grants
6. Size of company assumed on average: $500M in revenues, 2500 employees, 25+ grants under inquiry
7. Grant value net = $15M per incident
If you want to do your own analysis (how much will this cost my company), feel free to use some of these estimations.
# Expense Item Description Cost
1 Initial Investigation Typically done by Board & Audit team $1.5 M 2 Communication expenses Economic impact of communication loss to company $4M 3 Audit fees Formal investigation fees for auditors $30M 4 Restatement costs Includes delisting, cost of documentation, $9 M 5 Taxes and fines Back taxes owed to IRS, Fines by SEC $15 M 6 Legal fees Defending lawsuits on backdating $20M Subtotal For each company, $500M revenue $79.5M Assuming 50 companies Completely go over the end to end process $3.975BThe other part of the economic impact stems from losses in market capitalization. If you estimatAssuming remaining companies Remaining companies only go over steps 1 & 3 $1.75 B
Shrink wrap is the most popular and inexpensive way of packing. This is a polymer film, draped on the object and heated to conform to the shape of the object. The main shrink wrap supplies are bags, film, heat guns, and sealer and shrink systems.Shrink wrap film is an effective and convenient means to protect products f
# Expense Item Description Cost
1 Initial Investigation Typically done by Board & Audit team $1.5 M 2 Communication expenses Economic impact of communication loss to company $4M 3 Audit fees Formal investigation fees for auditors $30M 4 Restatement costs Includes delisting, cost of documentation, $9 M 5 Taxes and fines Back taxes owed to IRS, Fines by SEC $15 M 6 Legal fees Defending lawsuits on backdating $20M Subtotal For each company, $500M revenue $79.5M Assuming 50 companies Completely go over the end to end process $3.975BThe other part of the economic impact stems from losses in market capitalization. If you estimatAssuming remaining companies Remaining companies only go over steps 1 & 3 $1.75 B
Phone calls are crucial in running a business, and telephone etiquette is integral to the success of a business communications. The telephone is one of the primary points of contact between customers and dealers for most businesses.Millions of business calls are made everyday. Proper telephone etiquette is imperative in
Assuming remaining companies Remaining companies only go over steps 1 & 3 $1.75 B
The other part of the economic impact stems from losses in market capitalization. If you estimate currently (42 companies) lost over $63 Billion in Market capitalization (United Healthcare itself accounted for over 30% of this number) over the last 9 months. Assume that will be 50% less (since the bad news is out) for the remaining 50+ companies. The impact is another $31B. We also did a detailed analysis on this portion of the impact. Total Impact of Stock Option Backdating ~ $100 Billion.
For each company approximately = $50 to $100 Million in expenses.
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.casualarticles.com/article/3064/casualarticles-Current-Estimate-of-Economic-Impact-of-Options-Backdating.html">Current Estimate of Economic Impact of Options Backdating</a>
BB link (for phorums):
[url=http://www.casualarticles.com/article/3064/casualarticles-Current-Estimate-of-Economic-Impact-of-Options-Backdating.html]Current Estimate of Economic Impact of Options Backdating[/url]
Related Articles:
The Secret To Bringing More Cash Into Your Business
Iran's Stand On Nuclear Weapons Affects International Trade
Bookmark it:
|