Page 339 - Cfo News Today

Blame for that on the lack of leadership on the part of our president. >> the pace and timing of the u.s. withdrawal from afghanistan will be a central topic when president obama hosts a nato summit in chicago in may. today executives at apple are set to announce what the tech giant plans to do with nearly $100 billion in saved up cash according to analysts it could mean an extra payday to shareholders of the worlds most valuable company. lets take an early look at the markets as we get all up...

Deserting him. i think he has the machinery and money to make a long race are of this. >> greta: well see what happens. thank you. $1.2 billion of customer money vanishes, no one seems to know anything. jon corzine was on the hot seat at a senate hearing that he insists that he told anyone there to misuse funds. and the cfo and coo told conscious essentially the same -- dont look at me. >> if i were to ask any of you to think of any way or provide an example of how $1.2 billion of customer funds...

Find the money. >> as far as im concerned, i never gave instructions that anybody could misconstrue. >> also on vivid display today the frustration of lawmakers whose home strickets have ranchers and farmers who have lost money and absence of answers from the firms cfo. >> do you realize how incredible your testimony and the other two gentlemen, how incredible that sounds to this committee that $1.2 billion, first time in history this had ever happened could get drained away from customers and i...

I never intended to and as far as i am concerned, i never gave instructions that anybody could misconstrue. >> that subtle change reflects fine tuning between witness appearances likely at the recommendation of counsel. hes not done. tomorrow hes subpoenaed to appear before the house financial services committee. >> shepard: james, thanks. the legal panel, arthur aidala is with us and randy zellen. where is the money? i dont know. why would i know? ettes only $1.2 billion, wheres -- i dont know....

Amendment to the constitution. >> what is your plan to pay back the tax pairs, and when will you pay it back? >> on the advice of my counsel, i invoke the privilege afforded to me by the fifth amendment of the constitution. >> on the advice of counsel, i invoke the privilege -- >> would you be willing to provide to this committee communications between yourselves or your senior executives with members of the west wing of the white house? >> on the advice of my counsel, i invoke the privilege aff...

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