Carrie Johnson for the Washington Post reports: “SEC Again Probes IBM Accounting.” William Bulkeley for the Wall Street Journal points out that among the criticisms levied at IBM in past years by SEC staffers has been a criticism that IBM failed to disclose what proportion of its earnings came from gains on its overfunded pension fund. The article reports that IBM agreed to include much more info on pension income in its future annual reports (which it reportedly did in its 2001 annual report.) However, pension income issues do not appear to be the problem in this recent investigation.
SEC Investigation of IBM
Carrie Johnson for the Washington Post reports: "SEC Again Probes IBM Accounting." William Bulkeley for the Wall Street Journal points out that among the criticisms levied at IBM in past years by SEC staffers has been a criticism that IBM…