Fines For Corporations “Immaterial”
“The fine [for incorrectly stating earnings] might be millions of dollars and I.B.M. generates billions in cash flow, so it would be immaterial.”
A. M. Sacconaghi Jr., Sanford C. Bernstein & Company.
Ken Belson, “S.E.C. Inquiry Into Reports by I.B.M. Is Stepped Up,”
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