Perry Glasser

GAAP AND THE BUCCANEERS

In Business, Finance, Wall Street, Wall Street Journal on February 27, 2014 at 7:18 pm

buccaneerDollar$ readers know that Buccaneers are CEOs and other business leaders who freely roam the financial seas looting and plundering.
Like any good pirate, a CEO knows that rules are for other people.

According to today’s Wall Street Journal, “Last year, 542 companies said they determine compensation using financial measurements that differ from U.S. accounting standards.”

Why would anyone do that?

Bigger bonuses for top management, imbecile! Strip out operating costs and losses, and your company looks terrific–give yourself a few million of shareholder money!

PULL THOSE OARS. Aaaaargh!

Ah, to be  a Buccaneer on the high seas with a chest of ill-gotten booty!

General Accepted Accounting Principles (GAAP)???!!!!

WE DON’T NEED NO STINKIN’ RULES!

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