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Chapter 3. The Superstar CEO: Celebritie... > Red Flag 3: Beware the Worst Combo o...

Red Flag 3: Beware the Worst Combo of All: An Aggressive CEO and a Compliant CFO

Few disagree that the plague of accounting fraud in recent years resulted mainly from desperate attempts to keep earnings growing at an artificially high pace—even when business was deteriorating. If earnings growth fell below Wall Street forecasts, everyone in the executive suite knew that the company’s stock price would get hammered. That could not only eventually cost the CEO and other top managers their jobs, but it would also reduce or even eliminate the value of stock options they had been awarded.


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