Lynn Turner Quotes

Found 23 quotes by Lynn Turner .
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"Yes, I would, but only because it is him." — Lynn Turner
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"This year is almost unmatched in history." — Lynn Turner
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History   

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"I don't see disclosures that Citigroup was trying to reduce its exposure to Enron -- trying to reduce its exposure at the same time it was trying to increase that exposure to outside investors by issuing notes," — Lynn Turner
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Enron   

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"As it's noted in the release Andersen was aware of the problem and agreed to go along with it. That is problematic not only in this one but time after time after time at the SEC we saw that occurring, unfortunately in this case the number are just humongous." — Lynn Turner
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"That's indicative of a company with an imperial CEO and very poor controls." — Lynn Turner
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Company   

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"If the council determines not to approve the funding, we assume that will be consistent with a decision not to complete the investigation." — Lynn Turner
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"First and foremost it is the company, it's these executives that put these numbers together, it's not the auditors. So the people who are actually in the kitchen, cooking the books, stirring the stew, so to speak, are these executives, and there is no excuse for what happened." — Lynn Turner
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Company   

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"For a company such as Merck to reflect as revenues in its financial statements billions of dollars of co-payments a customer makes directly to another company, the pharmacy, which the pharmacy collects and never remits to Merck, just does not reflect the economics of what is occurring, ... If that is what the SEC accepts, then investors are in trouble and our financial reporting indeed needs improving." — Lynn Turner
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Company   

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"That stuff isn't free. It has a cost." — Lynn Turner
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Cost   

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"We certainly have seen some improvements in governance, but we've also seen some areas of no improvement, and some areas where things have gone backwards." — Lynn Turner
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Improvement   

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"It's fantastic, ... He's a very nice guy for a politician." — Lynn Turner
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"Wasn't horrible and it made sense. And if it stops people from speeding, hey that's a good deal." — Lynn Turner
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People   

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"You can not manage a company without controls. Small companies turn into big companies, and you can't just turn the on-off switch." — Lynn Turner
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Company   

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"These guys had repeated instances of errors in their financials, delayed filings and people who could not get their job done, who had to be reassigned. It is surprising given all the shareholder money that was spent by the company and taxpayer money spent by the SEC on this investigation, nothing has resulted from it." — Lynn Turner
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"While I certainly don't have sympathy for the auditors and accountants who sold the shelters, I have perhaps even less sympathy for those who were rolling the dice just to see if they could avoid paying their share of taxes." — Lynn Turner
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Sympathy   

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"The good news is, as a result of that process, investors should have greater confidence overall in the numbers going forward." — Lynn Turner
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Confidence   

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"When people get successful, when people find that they are making a lot of money, it tends to bring with it certain things like arrogance and greed. There was a suspension of disbelief in the 1990s. No one wanted to roil the waters." — Lynn Turner
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Money   

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"If that is what the SEC accepts, then investors are in trouble and our financial reporting indeed needs improving." — Lynn Turner
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"One can only wonder what message the U.S. attorney was thinking of sending to other executives who engage in such behavior. It is indeed rare that a federal prosecutor would stand shoulder to shoulder with the defense counsel of an admitted felon who bilked investors of over $3 billion, and against the advocate for investors, the SEC." — Lynn Turner
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"As it's noted in the release Andersen was aware of the problem and agreed to go along with it, ... That is problematic not only in this one but time after time after time at the SEC we saw that occurring, unfortunately in this case the number are just humongous." — Lynn Turner
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"There's no doubt that the number of restatements will be an all-time record, by a long shot." — Lynn Turner
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Doubt   

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