GE, fresh from the embarrassing disclosure that the Board didn’t know about the two-jet policy, is now being questioned by the SEC over its accounting practices.
“GE Faces An SEC Probe of Accounts,” The Wall Street Journal, January 25, 2018 A1. Questions arise over how GE accounted for revenue on long-term projects.
How did the Board miss this, too? The new CEO must be beside himself. Welcome to the party.