The K@W Network:
Professor of Accounting
Almost nobody can fully understand big companies’ dense, complex and overlong financial statements, and all those issues are only getting worse. That part is obvious. Why it’s happening is not.
When a company’s board has a higher proportion of independent directors, the company behaves in a more transparent way. But which is the cause, and which is the effect? Wharton[…]
Apple delivered a successful run of historic innovations and positive financial statements under storied CEO Steve Jobs. But now the company -- and Jobs’s successor, Tim Cook -- must adjust[…]