SEC Eyes AOL Time Warner Accounting

[Adul]

This is unfrigging believable
http://dailynews.yahoo.com/news?tmpl=story2&ncid=716&e=3&u=/ap/20020725/ap_on_hi_te/aol_time_warner_20

NEW YORK (AP) - Federal regulators are looking into how AOL Time Warner accounted for several transactions that were reported just as the media giant shook up its top management ranks last week.


Chief executive Richard Parsons, speaking on a conference call with investors Wednesday, disclosed that the Securities and Exchange Commission ( news - web sites) had opened a "fact-finding" inquiry into the transactions, which were reported by The Washington Post.

 

[no0b]

Shouldnt you have this icon?


But yea this isnt going to be good for investor confidence anywhere so I guess its bad.

 

[Praetor]

I swear, they're just investigating companies at random now. While I'm no big fan of AOL (I loved TW before), this is just ridiculous.