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UNISYS overbilled on a $1billion contract....How many peo at MQ worked for
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Posted By: UNISYS. Read this and get on 2005-10-23

a clue as to maybe what is going on.  Doesn't it look familiar somehow?  OVERBILLING.  Doesn't that sound familiar?


 

Posted 10/23/2005 2:52 AM


Report: Unisys overbilled feds on $1B contract
WASHINGTON (Reuters) — Unisys Corp. overbilled the U.S. government on a $1 billion airport technology contract, the Washington Post reported Saturday.

Federal auditors found that the Blue Bell, Pennsylvania-based technology company overbilled taxpayers by charging up to $131 for 171,000 hours worth of labor for employees who were paid less than half that amount, according to the report on the newspaper's website. (hmmm, doesn't this sound familiar????)


The Post cited an unreleased Defense Contract Audit Agency report and said it had obtained a copy independently. The result of the audit, conducted on behalf of the Transportation Security Administration, has not yet been made public.


There certainly was no attempt here to commit any type of misdeed of any form, Unisys' managing partner of homeland security, Tom Conaway, told the Post.


According to the newspaper's account, the audit report said that auditors discovered that timesheets were repeatedly adjusted to change job and labor categories long after the work was performed without 'adequate explanations.'


Conaway told the paper that the company is working with the TSA to improve oversight and resolve questions raised by the audits. These include a plan to review all of the labor hours billed under the contract.


http://www.usatoday.com/money/industries/technology/2005-10-23-unisys_x.htm?POE=NEWISVA


 


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Here, I'll help you but you can go look it up on the web site of MQ.  It's also interesting to note how many of the corp people are joined at the hip to Philips in the Board of Directors.







Management Biography






Kathleen E. Donovan
Chief Financial Officer


(snip)


Kathleen Donovan is the chief financial officer for MedQuist. She has extensive experience in financial management, with a broad foundation that includes financial planning, treasury, financial analysis, investor relations, tax, control and reporting.


...


Prior to holding that position, Donovan was the director, Corporate Finance, for Unisys Corporation. During her 14-year career with Unisys, she progressed through a variety of increasingly demanding positions that included senior-level financial roles in global business units, in both the US/Canada Division and the Pacific Asia Americas Division.


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