That was the year that significant changes were made in the Securities Act and the rules for bringing class action lawsuits were adjusted and modified. Because of those changes, it became more important from a litigation standpoint to ensure that conservatism was used in accounting valuation. Because there are empirical differences between the contracting and litigation perspectives, there have been many discussions regarding them in the past and that

Dividend Tax Capital gains and dividend taxes were both initiated in the early 1970's, by the Democratic Party. Before dividend taxes were enforced, the government made its money through higher aftertax yields, The dividend tax was originally supposed to be a progressive measure, so that the wealthiest paid correspondingly more than the poorest because they had benefited more. At this time, only the wealthy invested in stocks. This is no longer

Resistance to Change Change is the single most widely discussed and written about issue, which affects every facet of our lives whether professional or personal. No where is this 'change' a bigger problem than in the corporate sector where implementation of change can trigger massive resistance. Resistance in its turns gives rise to numerous other problems including loss of efficiency, productivity and revenues. Because of the potential pitfalls of resistance, every