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XEROX BOSS TOOK BIG $$ AS BOOKS COOKED
New York Post ^ | 6/29/02 | PAUL THARP

Posted on 06/29/2002 2:46:24 AM PDT by kattracks

Edited on 05/26/2004 5:07:04 PM PDT by Jim Robinson. [history]

June 29, 2002 -- As Xerox's books were being cooked by the brass, its chairman Anne Mulcahy was getting served up a new bonus package of $10.1 million.

Mulcahy, 49, the corporate world's first woman to break the glass ceiling, is the central figure in the newest profit-rigging scandal to hit Wall Street - this one right under the noses of federal investigators.


(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; News/Current Events
KEYWORDS:
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1 posted on 06/29/2002 2:46:24 AM PDT by kattracks
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To: kattracks
When will these attacks on strong capable women such as Anne Mulcahy, Martha Stewart and Hillary Clinton stop?
2 posted on 06/29/2002 2:52:20 AM PDT by sarcasm
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To: kattracks
Klintoon legacy time once again!
3 posted on 06/29/2002 2:56:58 AM PDT by exnavy
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To: kattracks

She is woman hear her roar!
4 posted on 06/29/2002 2:57:50 AM PDT by kcvl
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To: exnavy
Wasn't it the DemocRATS who labeled the 80s the decade of greed?

It took the clintons to show us how it's really done in the 90s.

5 posted on 06/29/2002 2:59:53 AM PDT by kattracks
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To: exnavy
I wonder how Rush will excuse this one. He is running out of ways of blaming this kind of corruption on other factors.

Business Ethics. This years oxymoron.
6 posted on 06/29/2002 3:01:22 AM PDT by catonsville
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To: kattracks
Yes and of course it was REPUBLICAN greed!
7 posted on 06/29/2002 3:04:08 AM PDT by exnavy
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To: catonsville
"Rush will excuse"... are you listening to the same Rush that I am?
8 posted on 06/29/2002 3:05:19 AM PDT by exnavy
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To: exnavy

Anne Mulcahy. How
well does she cook
(the books)?
9 posted on 06/29/2002 3:10:49 AM PDT by pt17
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To: pt17
And your point is?........
10 posted on 06/29/2002 3:13:54 AM PDT by exnavy
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To: exnavy
And your point is?........

Perhaps it is a bit of a stretch between Clinton's view of women, their "traditional" role of cooking and the truth. Sorry I bothered you.
11 posted on 06/29/2002 3:22:19 AM PDT by pt17
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To: pt17
The past few days were slow at work, I managed to listen to Rush a lot. He explained the recent rash of executive misdeeds and book cooking as the result of Clintons' constant assault on the american people; "what is the meaning of is", a lie is not a lie if your not caught in the act, it is only wrong if you think it is wrong, you get the picture.

My comment was that he is right on the mark. If some poeple don't agree with that, OK. I just didn't know what you meant by the picture and caption to me. My personal opinion is that lady is on par with the Klintoons.

12 posted on 06/29/2002 3:37:19 AM PDT by exnavy
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To: Joe Montana
Bump !!!!!!

Xerox's bookkeeping scheme sat on its books even as investigators from the Securities and Exchange Commission delved into Xerox's ledgers over an earlier accounting fraud that snared the company last year.

13 posted on 06/29/2002 3:56:24 AM PDT by Donald Stone
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To: pt17
There is a certain degree of honesty that says that you are only entitled to the amount of compensation that you deserve. Anything above and beyond this is stealing. Many people take pride in the fact that they earned a day's wage for a day's work.

How this type of people can steal from the shareholders and wage earners and grant themselves earnings beyond any reasonable figure is hard to fathom. They can't have any pride in the company and its success. The emphasis has to placed only on themselves. The recent scandals have shown that the typical company, with this type of management, fails because of the capital looted from the business.

This is part of the 'feel good', 'to hell with the other guy' attitude which has taken over our country. The United States cannot survive over a period of time with this attitude. Capitalism does not give license for robbery, which these scandals surely show.

14 posted on 06/29/2002 3:56:57 AM PDT by meenie
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To: exnavy
My personal opinion is that lady is on par with the Klintoons.

Without knowing all the details, I'd say you're probably right. I do, however, think Clinton's tenure exacerbated an existing probem of lack of values stemming from broken homes and/or dysfunctional families.

And, again, I should have made my original post less abstract.
15 posted on 06/29/2002 4:01:59 AM PDT by pt17
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To: meenie
This is part of the 'feel good', 'to hell with the other guy' attitude which has taken over our country

Yes, it seems like a national disease that, IMHO, is being propogated by lack of strength of character and values coupled with an over-relliance on image over substance.
16 posted on 06/29/2002 4:10:44 AM PDT by pt17
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To: kcvl
Go straight to jail .... do not pass go .... do not collect $ 200 .... to jail, to jail .... Oh, well.

Just my humble opinion.

17 posted on 06/29/2002 4:34:00 AM PDT by ex-Texan
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To: pt17
That's the face that says "Gee...I just trashed your 401K!"

On a related note, I would think that the people most angry at Martha Stewart would be the ones that bought her stock as she was bailing out. Talk about having a bad week watching the financial news reports!

18 posted on 06/29/2002 5:47:02 AM PDT by capt. norm
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To: capt. norm
NOW must be so pleased! This shows women have finally broken that horrible "glass ceiling"...they can be the same kind of scumsucking, amoral ratbags men can be! You go girl!

Calling Al Gore, Calling Al Gore...does character matter yet?

19 posted on 06/29/2002 6:54:13 AM PDT by 50sDad
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To: 50sDad
That's Right!Wasn't It Algore Who Said(When Asked About His Illegal Fund-Raising On Federal Property(The Whit House)"There Is No Controlling Legal Authority"!Clinton/Gore Took Us To NEW,UNCHARTED Territory When It Comes To CORRUPTION!!!!!
20 posted on 06/29/2002 7:05:25 AM PDT by bandleader
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