1. In the summer of 1999, Navigant consulting had a share price of $54 per share and was voted as one of the best companies. Within 90 days the stock price had collapsed and the CEO was fired. The culprit was pooling of interests. What is pooling of interests? Why and how does this differ from GAAP Accounting? How might this be considered fraudulent? What impact does this have on earnings? On quality of earnings? Why was this only abusive in the acquisition of private companies? Why and how did this impact the subsequent decision to outlaw the practice for any NYSE publically listed company?