Still, government guarantees need to be based on sound valuations, Mr. Elliott and others say.
By failing to do so, and giving the pension fund "sound" annual valuations, "Mr. Roeder facilitated the perpetuation of the underfunding scheme and breached his professional obligations".
While that valuation may sound high, it would represent a not unreasonable multiple of some 12 times annualized earnings.
Regardless of the investment strategy, Mr. Metzger said, "if the firm lacks sound risk management, best valuation practices and top-notch operational controls, it is a candidate for failure".
A trillion dollars may sound too big a valuation for a single company.
In the summer of 2002, Mr. Olstein bought a number of semiconductor stocks because of his view that their low valuations, relatively sound balance sheets and potentially heightened demand could lift prices over time.
Ribotsky calls Francis' allegations "baseless" and says his valuations are sound.
NIR Group says its valuations are sound, dismissing the accusations as ploys by investors to get around redemption restrictions they agreed to when they first invested with NIR Group.
Although SD was associated with retained coupling of autonomic with behavioral responses as indexed by patients' own valence ratings, this coupling was lost if referenced to healthy control ratings, suggesting a distortion of the cognitive valuation of sounds.
Scathingly critical of the recording industry, he blames MTV described as a "teenage reality show channel"—for putting a pretty face on music and destroying the independent valuation of actual sound.
Letting the banks choose their own valuation methods doesn't sound fair and transparent to me.
