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1/25/2018 7:38:29 AM
Posted: 6/28/2002 7:30:25 AM EST
[url]http://money.cnn.com/2002/06/28/news/companies/xerox/index.htm[/url] The continuing saga of Corporate execs lying, cheating, and stealing - cooking the book, mis-stating sales, whatever it takes to look good on paper.....ECS
Link Posted: 6/28/2002 9:25:53 AM EST
Well, as corporate fraud goes, this isn't exactly the end of the world. It seems that Xerox listed sales on their books before they actually got paid for them. The sales occured, they just shouldn't have put them on the books when they did. Ironically, correcting the error had the effect of actually [b]increasing[/b] Xerox's revenues for 2001. Not quite in the same ballpark as Enron and Worldcom.
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