What’s going on here? China’s second accounting scandal in less than a week is underscoring concern over lax corporate governance at some of the country’s fastest-growing companies. TAL Education Group, a tutoring business, delivered the latest bombshell after a routine internal audit found an employee had inflated sales by forging contracts. Forgery is usually considered…
Tag: scandal
Ep 50: Saving Face
What’s Going On Here? Facebook posted better-than-expected second-quarter results, and investors liked it: its stock initially rose 3%. What Does This Mean? Facebook’s monthly active users were up 8% last year – the same rate as in the company’s first-quarter – which, given investors had been expecting growth to slow, likely helped it exceed quarterly revenue forecasts. Despite Facebook’s…
with HT 