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.

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1 jim November 27, 2006 at 10:56 pm: These guys service my student loans too, it’s amazing how bad these options scams have been lately.
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