atans1

Noble House: More empty rooms

In Accounting, China, Commodities on 04/10/2015 at 2:15 pm

Oct 2 Noble Group’s global head of M&A has resigned from the company, marking a string of recent senior level departures at the commodities trader as it battles weak prices of resources, people familiar with the matter said on Friday …

On Thursday, Reuters quoted sources as saying that two senior U.S.-based energy executives had left Noble in the past week.

Noble hit the spotlight in February when blogger Iceberg Research questioned its accounting practices. Noble defended its financials, and board-appointed consultant PricewaterhouseCoopers found no wrongdoing in a report published in August.

http://www.reuters.com/article/2015/10/02/noble-group-executives-departure-idUSL3N12217L20151002

Not a good day to be averaging down on Monday.

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  1. No wrongdoing doesn’t mean good organisation. I’m sure Kodak also had no wrongdoing.

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