The company said the probe relates to accounting for extended service agreements, leases and accrued payroll. Zale said subpoenas request materials relating to these accounting matters, executive compensation and severance, earnings guidance, stock trading and the timing of certain vendor payments.
Monday, April 10, 2006
SEC investigating Zale
Zale Corp. announced that t he Securities & Exchange Commission is investigating the company in regard to several accounting issues, including "the timing of certain vendor payments."
Subscribe to:
Post Comments (Atom)
2 comments:
Zale deberia ser revisada en la forma que paga a sus empleados ya que no provee un reporte de las comisiones ganadas por los empleados en los periodos de paga dejando a pura especulacion la forma en que se pagan esas comisiones. Constantemente empleados estan descontentos de la forma en que reciben sus comisiones ya que no concuerdan con los recibos de las ventas correspondientes.
Zale corp must be investigated in the way they pay the commisions to their employees. No commission report is provided with paychecks so the employee is left with no information about their earnings. Many times the receipts for the pay period do not correspond to the amount paid. When confronted, management fails to provide a true explanation on how the commissions are paid. Next thing will be to give paychecks without a paystub. employees dont need to know how they are paid just how much. way to go zale corp.
Post a Comment