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!
Remember when those computer companies used to ship out their brand new products to the stores- without having secured the sales? Or, claimed to have a product (hardware or software) to enter the market in days to kill competitor entries? (IBM did this to Osborne and Control Data; Microsoft was adjudicated in a court case headed by Stanley Sporkin [who also dealt with the Home Intensive Care/Health and Human Services (HHS) spat a few years later.) Or, the auto companies who delivered vehicles to their dealers- even though no one had ordered them
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
Rapidly growing companies. Companies with a great new product. Both of these sorts of entities typically have a need for capital. Banks generally don’t loan money for capital needs. Those funds come from friends and family, angel investors, or venture capitalists.
Continue reading Does the JOBS Act make sense for you?
