For the past decade, securities analyst Mike Mayo has engaged in a relentless and passionate crusade against Citigroup’s accounting practices. A recurring rant has been his concerns over the big bank’s valuation of its deferred tax assets (DTAs). He has argued relentlessly that Citigroup simply cannot generate sufficient taxable income to support the $52.1 billion [...]
Nov 302011
Guest Column by: Dan Russomanno (Penn State) and Shelley Rhoades (Villanova) Christian Lopez is the diehard Yankees fan lucky enough to catch Derek Jeter’s 3,000th hit on July 9, 2011. In a show of traditional values and sportsmanship too often lacking by fans that have been in Lopez’s seat before, Lopez did the right [...]

ANTHONY H. CATANACH JR. is an associate professor in the School of Business at Villanova University, as well as the Cary M. Maguire Fellow at the American College Center for Ethics in Financial Services. His professional experience includes five years as an audit manager with KPMG and six years in the financial services industry. Dr. Catanach has received numerous awards for his publication, teaching, and curriculum innovation efforts. He has authored numerous articles on a variety of accounting, finance, and management issues, as well as several business education texts..
J. EDWARD KETZ is an associate professor of accounting in the Smeal College of Business at Pennsylvania State University. He has a bachelor’s degree in political science, a master’s degree in accountancy, and a Ph.D., all from Virginia Tech. Professor Ketz has been a member of the Penn State faculty since 1981. He also has taught at the University of Connecticut and the University of Maryland. Professor Ketz has authored and edited 17 books including Hidden Financial Risk (Wiley, 2003) which examines the corporate culture and the institutional setting that engendered recent accounting scandals. Dr. Ketz has been cited in the popular and business press, including The Wall Street Journal, The New York Times, The Washington Post, Business Week, and USA Today. He also has appeared as an accounting commentator on CNN, National Public Radio, and Bloomberg Radio.