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restatement on March 8, 2011. That restatement was intended to address a four-year income tax accounting fraud allegedly perpetrated by James Hudgins, the vice president of tax and later an officer of Weatherford, and Darryl Kitay, the tax manager and later senior tax manager who reported to Hudgins.
Date: Sep 27, 2016
Category: Business
Source: Google
Weatherford to Pay $140M Penalty to Settle Financial Fraud Charges
Weatherford's former vice president of tax, James Hudgins, and Darryl Kitay, who was a tax manager, "made numerous post-closing adjustments to fill gaps and meet its previously disclosed effective tax rate (ETR), which is the average rate that a company is taxed on pre-tax profits.
Date: Sep 27, 2016
Category: Business
Source: Google
Weatherford International to Pay $140 Million Civil Penalty
According to the SEC, settlements also were reached with two of Weatherfords former tax executives, James Hudgins, who had served as vice president of tax, and Darryl Kitay, who was a tax manager, at the time.
In other filings, Weatherford said about 3 percent of its revenue is exposed to ongoing turmoil in Libya, Egypt, Tunisia, Yemen and Bahrain. The company also reported salary increases and bonuses for its top executives, including a $50,000 raise and $300,000 bonus payment to the vice president of tax, James Hudgins, and a $1.
Date: Mar 03, 2011
Category: Business
Source: Google
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Baby James eating
Baby James eating a grilled cheese
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