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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 731 |
Essay's paper body
A third party auditor restated the financial records to reflect the losses that the company should have recognized. During this same year, although they did not receive their bonuses, Mr. Rangos received a salary of $662k and his sons each collected salaries of $282k. The public perception of the company was destroyed...
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During this same year, although they did not receive their bonuses, Mr. Rangos received a salary of $662k and his sons each collected salaries of $282k. The public perception of the company was destroyed. Lawsuits were threatened and the company's future remained questionable. Chambers Co. in 1995 was made to pay a $500k fine to the SEC for the false statements...
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