Dell Execs Responsible For Accounting Errors
It’s been estimated that the bottom line has been altered by anything from $50 to $150 million, which would amount to about a 2 to 7 cents change per share. So who was responsible?
According to a statement released by the company, the investigation yielded evidence that "certain adjustments appear to have been motivated by the objective of attaining financial targets," and usually took place at the end of a fiscal quarter. Adjusted account balances were "reviewed, sometime at the request or with the knowledge of senior executives," according to a company statement.”