Browse posts tag by Legal

Business News

How to Hold Corporate Accounting Accountable

Tighter regulation needed to curb questionable practices. The ongoing Securities and Exchange Commission (SEC) investigation of possible deceptive use of pro forma financial results by several companies should inspire little more than a sigh. Frankly, companies should be honest enough with themselves and their shareholders so the SEC isn’t forced to do all this baby-sitting. Fat chance. Pro forma started as a method that companies used in addition to Generally Accepted Accounting Principals (GAAP) to report
Business

A New Reason to Hate the Phone Company

If Pacific Bell is allowed to expand its offering to long distance, it will likely extend its loathsome practices as well. By year’s end, regulators in California could give Pacific Bell the green light to offer long-distance phone service. PacBell has been trying for years to get such approval, which appears inevitable and a bit lamentable. Regulators should give PacBell the OK to offer long distance, if only to give the public more reasons to loathe
News

Tardy Bell Rings for Erates

Program designed to get disadvantaged schools online is a success–sort of Since its inception in the late 1990s, the Erate program that supplies rural and poor American schools with funding for Internet access has had its share of successes and setbacks. Dubbed the Gore Tax after the former vice president who championed the cause, the Erate program continues to get disadvantaged schools online. But despite its successes, lingering concerns surround the program and even its supporters
Business

An ASP Security Step That Matters

A security guarantee is a stickier issue than ever for ASPs and their clients. The under-used SAS 70 audit has big benefits for both sides. As an Internet attorney, I have many clients who outsource some of their company’s technology-related tasks to Application Service Providers. Often, their number one concern is security — how much of it are they getting from their ASPs, and how do they know that their ASPs are really giving them the
Under Legal Pressure: Litigation Overload
Business

Under Legal Pressure: Litigation Overload

2001 is shaping up to be a banner year for aggrieved shareholders and their attorneys seeking to punish companies for alleged misdeeds. Corporate America had hoped that the Private Securities Litigation Reform Act of 1995 would curb a flood of shareholder class-action lawsuits that were sapping coffers and tying up valuable CEO time with marathon depositions. Those hopes, as it turns out, were hopelessly naïve. The National Economic Research Associates estimates that the number of shareholder
Consumer Privacy: Personalized or Private?
Business

Consumer Privacy: Personalized or Private?

Sharing information online doesn’t necessarily endanger one’s privacy — it all depends on what kind of information and how it’s being used. A federal judge on Tuesday provided a major victory for consumer privacy. After July 1, credit report companies will no longer be allowed to sell your Social Security number or other data in the “credit header” of your report without your consent. This is exactly how privacy should be regulated. The trafficking of sensitive
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