The executives at Interpublic have been under fire since August, when they initially disclosed accounting irregularities.
The bank's files disclose one instance where the bank appears to have been aware an Australian had not disclosed account information to the ATO.
Yesterday, AOL Time Warner confirmed the departure of David M. Colburn, the head of AOL's business affairs division, and executives acknowledged that the newly disclosed accounting problems led to his ouster.
Executives of the KeySpan Energy Corporation are being investigated by the Securities and Exchange Commission for trades they made before KeySpan, a natural-gas supplier, disclosed accounting mistakes and a $30 million earnings reduction last July, the company said yesterday.
Interpublic, the third-largest agency company in revenue after the Omnicom Group and WPP, has struggled with significant problems that have hobbled its growth since August 2002, when executives disclosed accounting irregularities at a unit now known as the McCann Worldgroup.
In one letter sent last July to John Sidgmore, who was named the temporary chief executive of MCI -- formerly WorldCom -- after the company disclosed accounting fraud last summer, and two letters sent in April and last month to Mr. Capellas, SBC executives complained that MCI failed to account properly for long-distance calls and challenged the amount of money owed to SBC for handling them.
In June BES disclosed accounting irregularities and an "extremely negative" financial situation at one of these companies, which revealed this month that it had missed payments on some of its debt.The central bank insists that BES, which was the only big bank in Portugal not to have been bailed out during the euro crisis, has enough capital to withstand its parents' problems.
International Rectifier disclosed accounting irregularities in May 2007 that led to the resignation of its then chief executive, Alex Lidow.
International Rectifier disclosed accounting irregularities in May 2007 that led to the resignation of its then chief executive, Alex Lidow, and subsequent resignation of its chief financial officer Michael McGee.
That may sound highball until you consider that banks pulled in $39 billion from often poorly disclosed "account maintenance" and other fees in 2007.
