So, we’ve seen the Corporate Executive’s manifesto. We have even seen their ridiculous compensation. And, most of those issues are based upon the fact that these executives find ways to confuse, to obfuscate, and to misreport the developments of their firm to the public (including their stockholders).
Continue reading No GAAP? There’s a Reality Gap!
I’ve w.adjuvancy.com/wordpress/19693-2/” target=”_blank”>bitched and moaned about the way public corporations manipulate the reporting of their financial information. Where they remove items they don’t feel is germane (like a division that failed; or the drag on earnings is removed), or decided that EBITDA (earnings before interest, taxes, depreciation and amortization), Adjusted Net Earnings, and/or Adjusted Sales should be the valid measures for their performance. Because their true performance is abysmal. ( I won’t even mention which firm tried to promote the indicator EBE- earnings before expenses; in other words, just gross sales for the firm.)
Continue reading How’re you doin’?
A few weeks ago, I spoke how interim CEOs often cook the books– so they can be permanently appointed. That happens to be a marginally (or fully) criminal endeavor. But, many, many other CEOs obfuscate results so that their stock price stays high- and that often sets their (ridiculously high) compensation levels.
Continue reading Pinocchio CEO’s
These changes coming to our accounting practices were proposed so long ago, I actually forgot about them. Of course, if your business is small enough to keep using cash accounting practices, the new requirements will just roll off your back.
Continue reading Unbalanced Sheets…
