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Another Crammer pick gets axed WFT

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March 02, 2011 – Comments (0) | RELATED TICKERS: WFT

Latest News Headlines for Weatherford International Ltd Weatherford CFO: $500M Accounting Error An 'Embarrassment'Wow I'm so glad that I don't blindly follow JIm Crammer, but I can imagine his show and him getting the pass on this one now telling his followers that they have to sell because of the accounting discrepancy.Its only half a billion ? why is everyone getting their underware in a bunch ?  j/k LMAO.Amazing how top management's compensation packages enable them a ton of money when the stock does well, a ton of money if the company just doesn't do much, and a ton of money on the way out if they have to change direction and let someone leave or toss their worthless behinds out  and hey don't let all these millions hold you down ~ who knows maybe we'll hire you back as a consultant once we find out about all the skeletons in the closets we were too uninformed about finding.Anyways its good news if you shorted WFT and very bad news if you are long or just bought some.By Ryan Dezember Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Weatherford International Ltd. (WFT) Chief Financial Officer Andrew Becnel called a $500 million accounting error disclosed by the oilfield service company late Tuesday an "embarrassment," the damage of which is "impossible to quantify."

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