Schadenfreude: better than a sharp stick in the eye

Between the death of Coretta Scott King and the confirmation of ScAlito, the only good news today is that Diebold is tanking. Couldn’™t happen to a more deserving bunch of crooks, IMHO.

Diebold earnings take big hit

Diebold Inc.’™s overhaul of its operations led to a 76 percent decline in fourth-quarter earnings, the Green, Ohio, manufacturer said. [...]

Commentary By: Gloria

Between the death of Coretta Scott King and the confirmation of ScAlito, the only good news today is that Diebold is tanking. Couldn’™t happen to a more deserving bunch of crooks, IMHO.

Diebold earnings take big hit

Diebold Inc.’™s overhaul of its operations led to a 76 percent decline in fourth-quarter earnings, the Green, Ohio, manufacturer said. It had net income of $15 million, or 21 cents a share, on sales that rose 15 percent to $818 million. One-time charges, much of them for restructuring, knocked 44 cents a share off earnings.

For the full year, net income sagged about 45 percent, to $101 million or $1.41 per share.

The company had other problems. Its CEO, Walden O’™Dell, resigned in December. Continuing controversy about its voting machine unit led investors to sue.

Between the stunning GAO report on security flaws in their voting machines and the inside scoop from Dieb Throat via Bradblog, hopefully Wally O’™Dell will be frogmarched into court one day soon. We can only hope that these developments result in the return of vote counting to its rightful guardians, we the people.

Tuesday, January 31st, 2006 by Richard Blair |

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