Bad News for Affiliated Computer Services

For the last several years, Affiliate Computer Services has provided the technology that allows me to work with my student loan accounts online, tasks which include scheduling payments in advance, viewing tax forms, and staring at the pit of debt wondering if I concentrated hard enough, the money would no longer be owed. Apparently, this particular technology has not yet arrived.

Perhaps due to this, or more likely due to options accounting errors totalling $51 million, the top executives of ACS are on their way out. The company is just next in a long line that are under investigation surrounding stock options offered to executives.

Rating: 0.0/5 (0 votes cast)

Email this article

About the Author

Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

If you enjoyed this article, get the free RSS feed or get daily emails.

Join the free Consumerism Commentary newsletter. Enter your email address here to receive weekly emails with behind-the-scenes information, exclusive giveaways, and money tips.

Related Entries on Consumerism Commentary

My DreamHost Account Was Hacked: I received an email from the DreamHost abuse team --...
A “Thank You” to Microsoft?: Thanks to a vicious nor'easter, I was flooded in today...
Time to Consolidate: I spent the last 45 minutes or so consolidating my...
Future Spending, Two Big Items, Part 1: New Computer: I own a Fujitsu C-6631 Lifebook notebook computer, which I...
Free Software to Make Your Computer Run Better, Stronger, Faster: These tools are indispensible. When I coach people through...

Robert: They need to combine the best of both worlds. Mint is great about tracking simple checking and savings accounts, but it doesn't have the... on Quicken Online Users Will Be Migrated to Mint

mary ann: we are building a beach house on the land we have owned for 16 yrs.it will be complete around the end of nov/beginning of... on How to Claim the $8,000 Home Buyer Tax Credit of 2009

Valerie: I don't know why Flexo expects changes to be better after the Mint takeover. Mint got itself going with younger users who had never... on Quicken Online Users Will Be Migrated to Mint

Flexo: You are quite right, it looks like they're closing off the bank to new applicants. I'll update the post. on Opening an SFGI Direct Savings Account Earning 2.25% APY (Updated)