Quotations
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Lynn Turner Quotes
«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.»
Author: Lynn Turner
«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.»
Author: Lynn Turner
«That's indicative of a company with an imperial CEO and very poor controls.»
Author: Lynn Turner
«It's fantastic, ... He's a very nice guy for a politician.»
Author: Lynn Turner
«Yes, I would, but only because it is him.»
Author: Lynn Turner
«That stuff isn't free. It has a cost.»
Author: Lynn Turner
«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.»
Author: Lynn Turner
«This year is almost unmatched in history.»
Author: Lynn Turner
«If the council determines not to approve the funding, we assume that will be consistent with a decision not to complete the investigation.»
Author: Lynn Turner
«The good news is, as a result of that process, investors should have greater confidence overall in the numbers going forward.»
Author: Lynn Turner