Boffins build lie detector for crooked CEOs
Beware of bosses who say f**k a lot
The system was developed by researchers at the Stanford Graduate School of Business by analyzing the conference-call transcripts of companies that went on to report a significant restatement to financial earnings that involved a change in net income, the disclosure of a material weakness, a change of auditor, or a late filing.
They found that CEOs and CFOs from these companies spoke in ways that often differed from executives from companies that were on the up and up.
