But, but, but its a non-profit outfit, so Sarbanes-Oxley wouldn't apply.
Eric in the Ozarks wrote: "The dirty little secret PBS holds behind its back is their children's characters are worth millions a year in licensing fees, which they collect. This cash flow never appears on their books, however."
REPLY PBS has a N/P Foundation where they are probably hiding the monies. The IRS is onto these non-profits, and is investigating them as we type.
Moreover, the IRS, FCC and SEC might determine whether PBS' corporate contributors--or individuals posing as corporate contributors--misused corporate reserve accounts, concealed losses, inflated asset values and improperly accounted for transactions, as well as deferring profits into reserve accounts, improperly shifting capital funding to other projects to hide illegal contributions, and so on.
The IRS, FCC and SEC might determine whether PBS business donors booked proper accounting procedures for the activities, whether they were inflating costs, and using income for the purposes stated.
We need to know the extent to which PBS donors engaged in Enron-style accounting and spending practices........and whether Global Crossing stock deals ala Terry McAuliffe took place.
Any of these practices could jeopardize the financial interests of stockholders and would compel the SEC to step in. EMAIL SEC here:
enforcement@SEC.gov Anyone with concerns about these issues should contact the
FCC. Links to contact FCC principals:
http://64.233.161.104/search?q=cache:eApUxAiR3RwJ:www.fcc.gov/contacts.html