Media Coverage: June 2005

Centre Daily Times , 06/27/2005— J. Edward Ketz , associate professor of accounting, writes about the nomination of Christopher Cox for the chairmanship of the SEC in an op-ed. "After confirmation by the Senate, Christopher Cox will become the next chairman of the SEC. His world will not mirror Pooh Corner because it will encompass unhappiness, rancor, contention and disenchantment. When he notices lenders and investors in trouble, Cox will instead soothe the pangs and hurts of managers and directors and their professional advisers" ( Christopher Cox Lives Nowhere Near Pooh Corner ).

B to B , 06/15/2005— Ralph Oliva , executive director of the Institute for the Study of Business Markets, writes in a column about the future of business-to-business marketing. "For all of us who practice b-to-b marketing and who love it, I wish over the next five years we would work together to better understand our profession, its real and potential impact on business overall, and how to make it better ( A B-to-B Wish List For The Next Five Years ).

Newsday , 06/13/2005— J. Edward Ketz , associate professor of accounting, discusses procedures for reporting foreign revenue. "Investors probably need to have a bit better of an idea of where these trade flows and cash flows are going and coming," Ketz said ( Accountability Still Iffy On Foreign Revenue ).

The Associated Press , 06/10/2005— J. Edward Ketz , associate professor of accounting, discusses the resignation of Maurice "Hank" Greenberg from the board of directors of American International Group Inc. "AIG is certainly attempting to go forward," Ketz said. "I think they're attempting to provide some distance between Greenberg and themselves so if there are legal problems, they can limit them to Greenberg and minimize the firm's exposure" ( Ousted AIG Chief Greenberg Resigns From Insurer's Board ). The story appeared in the Baltimore Sun and the San Diego Union-Tribune .

Philadelphia Inquirer , 06/03/2005— Andrew Bergstein , instructor of marketing, writes in an op-ed about the class of 9/11. "It's probably too early to tell how this year's graduating seniors will view things when they are in their own 'real world.' And only time will tell whether they think and act differently as employees, citizens, voters, friends and family members, in part because the second Tuesday in September of their freshman year didn't turn out to be just another nice, sunny day on campus" ( Freshmen Of Sept. 11 Have Changed ). The piece also appeared in the Centre Daily Times .

CNN Money , 06/2/2005— J. Edward Ketz , associate professor of accounting, discusses the nomination of Christopher Cox as chairman of the SEC. "I think Chris Cox is a disaster," Ketz said. "What the 1995 litigation reform act did was to provide incentives for managers to cheat on that accounting ... by making it harder for investors to sue managers who did these things. Secondly, they capped the penalties, and once you start taking away the penalties against the managers, you're giving them license to lie on their financial reports" ( Cox's View On Options Expensing May Be Issue ).

Daily Herald , 06/1/2005— J. Edward Ketz , associate professor of accounting, discusses the U.S. Supreme Court decision to overturn the obstruction conviction against Arthur Andersen. "It gets rid of the criminal element the government tried to prove," Ketz said. "It certainly does not get rid of the botched audits the Andersen people carried out over a number of years" ( Andersen Convication Reversed ).

Leader's Edge , June 2005— Keith Crocker , the William Elliott Chaired Professor of Insurance and Risk Management, writes about finite risk insurance, a previously arcane risk-financing tool brought into the limelight after investigations of the insurance industry by the New York Attorney General's Office. "The source of the problem is that, while insurance is afforded favorable tax and accounting treatment, there is, in fact, no statutory definition of what precisely constitutes insurance," Crocker writes ( Is It Insurance Or A Financing Agreement? ).

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