Valtrend - Butler Business Valuation

Archive for April, 2010

Laundry and (Business Valuation) Logos

Tuesday, April 27th, 2010

Starting a new enterprise can be overwhelming at times.  What I am finding beneficial, (more…)

What’s in a (Business Valuation) Name?

Tuesday, April 27th, 2010

This is the first in a series of articles that will describe the trials and tribulations of starting a business – in this case, my new business valuation, litigation support and management consulting firm.  If I do not get the name “right” (more…)

Goldman Executives Are Expected to Testify Before Senate Panel

Thursday, April 22nd, 2010
Next Tuesday could be an interesting day on Capital Hill as Goldman sends in the troops to testify before Senate.    

Former KB Home CEO convicted in backdating trial

Wednesday, April 21st, 2010

LOS ANGELES – The former head of construction giant KB Home was convicted Wednesday of four felony counts in a stock option backdating scam.

A federal jury in Los Angeles found Bruce Karatz guilty of two counts of mail fraud, one count of lying to company accountants and one count of making false statements in reports to the Securities and Exchange Commission.

Prosecutors claimed Karatz illegally backdated his stock options between 1998 and 2005 while he was chairman and chief executive of KB Home.

A stock option allows an employee to purchase a company’s stock at a preset price at a future date. Karatz retroactively tied the exercise price of his options to dates when the stock was selling for a low price, which increased his profit when he sold the shares.

The maneuver is legal if it is properly accounted for and disclosed to investors. Otherwise, it can allow companies to overstate profits and underpay taxes.  

See full article at: http://news.yahoo.com/s/ap/20100421/ap_on_bi_ge/us_kb_home_backdating

SEC Charges Goldman Sachs with Fraud in Structuring and Marketing of CDO Tied to Subprime Mortgages

Tuesday, April 20th, 2010

Washington, D.C., April 16, 2010 — The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter.

Should Business Appraisers Improve CAPM?

Wednesday, April 14th, 2010

Yes, we should.  One improvement is the replacement of beta with total beta in the CAPM.  (more…)

Become Obsolete: Increase the Value of your Business

Tuesday, April 13th, 2010

As counterintuitive as the title seems, if you want to sell your company for top dollar – (more…)

Your Workforce and Business Valuation

Wednesday, April 7th, 2010

How have you treated your employees during the Great Recession?  According to a recent Fortune article,  (more…)