Questions. They showcase the different standard between how we treat heads of corporations versus heads of government agencies. They should be held to similar standards but government gets a free pass, and 2001, there was a ceo of a very big energy company, a company youll recall called enron, enron filed for one of the biggest bankruptcies in history thanks to accounting sham. The ceo who wiggled his way out of trouble by saying he was unaware of fraudulent activity of his company. His name was jeffrey, and 2006 he was sentenced to 24 years in federal prison because his subordinates falsified accounting records. His excuse, he was not aware, watch. I did not believe the company was in financial peril and i have no knowledge of any wrongdoing of the employee. Does that sound familiar . I was wrong, i was overconfident in the procedures that the fbi and justice had built over 20 years. I thought they were robust enough, its incredibly hard to get a fisa and real sloppiness. 17 things th
These are pretty important questions. They showcase the different standard between how we treat heads of corporations versus heads of government agencies. They should be held to similar standards but government gets a free pass, and 2001, there was a ceo of a very big energy company, a company youll recall called enron, enron filed for one of the biggest bankruptcies in history thanks to accounting sham. The ceo who wiggled his way out of trouble by saying he was unaware of fraudulent activity of his company. His name was jeffrey, and 2006 he was sentenced to 24 years in federal prison because his subordinates falsified accounting records. His excuse, he was not aware, watch. I did not believe the company was in financial peril and i have no knowledge of any wrongdoing of the employee. Does that sound familiar . I was wrong, i was overconfident in the procedures that the fbi and justice had built over 20 years. I thought they were robust enough, its incredibly hard to get a fisa and re
Telling that story . You you just francisco and l some new numbers for their homes Outreach Program theyre doing some great work there. Well talk about that get out. Okay. We have numbers to look at the forecast to we do. And theres a little cooler. But hey, this forecast is like not a lot of changes. So at this 0, 2 degrees, thats a and it is going to be cooler for areas like Solano County, vacaville down from 89 yesterday to 80 grees today. So that is a noticeable cool down. Look at coit. Our you clear right now, winds a little calmer for the moment anyways. We still do have some fog up in the north bay, in particular and out along the coast, saw mist and drizzle in the spots this morning. Winds are rushing right into the bay, breezy us down into the delta and at the coastline. Expected to be another breezy one today, but that ocean cool there is definitely moderating things. And keeping us a very steady this past week and for the week ahead, too, 50s to 60s for current temps. Couple
It is cutting some Senior Executives temporarily, from january until march. Are it, let us take a look at the markets. Hong kong and china are currently closed for lunch. It has been a volatile session. This after u. S. Rebounded and markets climbed, the much across the board. As you can see, some volatility. This is the picture in mumbai. I am back in half an hour, time now for bloomberg west. Emily im emily chang and this is bloomberg west. Coming up, star wars leaves the competition far, far behind in the box office. Privacy please tim cook pushes back on critics who want access to encrypted information. And flying into red tape. If you are thinking of buying a drone for christmas, take note the drone registration site is up and running. Star wars the force awakens shattered records in its opening weekend. There are stories about what happened. Its true. All of it. Emily the movie rang up 529 million, more than disney anticipated. Disney ceo bob iger sat down with an exclusive inter
His annual vacation in hawaii to deal with the fiscal cliff. No sight of congressional leaders. Theyre not in town. Investors getting a little bit nervous. Will congress get it together in time . No talks that we know of are imminent. It was by at least one measure, the weakest Holiday Retail sales growth since the financial crisis back in 2008, but could a postchristmas holiday sales bounce be around the corner . And what a year it has been for tech. Gadgets and gizmos. Apple, facebook, microsoft all have big news. Will 2013 be a lucky year for the sector . Which tech titans might lead the new trends . Simon hobbs is in at the new york stock exchange. Good afternoon. When president obama arrives back in d. C. , can he prevent america falling over the fiscal cliff . House republicans havent yet called their members back to washington. Our chief political correspondent, john harwood, is with us. John, this feels very much like it might be the calm before the storm in more way than one.