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The planes crashed at a mysterious area of two rivers meet, called "the confluence", where half a century earlier, explorer G.E. Kincaid climbs 1,500 treacherous feet to explore strange stains on a canyon wall that led to his discovery of a cavern full of ancient Egyptian artifacts.
A new report claims that GE stock is doomed and that accounting fraud will land the industrial conglomerate in bankruptcy court. Yet the allegations contain more innuendo than substance.
GE has been targeted with a report by the forensic accountant who exposed the Bernie Madoff scheme. Harry Markopolos says that GE's accounting is hiding a mountain of losses, which GE denies.
D. Lawrence Kincaid (born 1945) is an American communication researcher who originated the convergence theory of communication. He was a senior advisor for the Research and Evaluation Division of the Center for Communication Programs and an associate scientist in the Faculty of Social and Behavioral Sciences at the Johns Hopkins Bloomberg School of Public Health.
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The fraud-on-the-market theory is the idea that stock prices are a function of all material information about the company and its business. It applies in open and developed securities markets, where it can be assumed that all material information is available to investors.
The Economics of Innocent Fraud: Truth for Our Time was Harvard economist John Kenneth Galbraith's final book, published by Houghton Mifflin in 2004. [1] It is a 62-page essay that recapitulates themes—such as the dominance of corporate power in the public sector and the role of advertising in shaping consumer demand—found in earlier works.
The losses were large enough that parent GE had to take a $210 million charge to its first-quarter earnings. [4] Later, in his autobiography Straight from the Gut, longtime GE chairman Jack Welch would lament not following his normal practice of personally looking into how one of his employees could become so successful so quickly. He also ...