Offshoring Threats to India We're all familiar with the business practice of outsourcing work to another entity. It's been done for a long time and became popular in the U.S. back in 1962 when Ross Perot started Electronic Data Systems (EDS) to serve the expanding need for information technology services... Read more →

Facebook Follows the Lead of Enron So, Goldman Sachs and Facebook want to use the same device championed by Enron -- setting up a special purpose vehicle to pool investor money into one entity and keeping the financial information about that entity off the "sponsors" books. In accounting we call... Read more →

What's Missing from the MBA Oath? I just finished reading The MBA Oath. In case you are not familiar with it, the Oath was conceived of by Harvard Business School students in the aftermath of scandals at financial institutions and Ponzi schemes such as the Bernie Madoff affair. Its purpose... Read more →

The Demise of the Golden State Happy New Year to all. Here's my first blog of the New Year. It's about my home state. California is in a crisis. No, it's not because Lindsay Lohan has been in and out of jail more often than a correctional officer. It's certainly... Read more →