>Who is Murray Hill? Hah. Not a who but a what.
Filed under corporations, Supreme Court
>That is just great.Thanks for posting it.
>Bring corporate accounting to govenment to put business firstYikes!
>FJ – Most corporate accounting can't be any worse than government accounting. Other than the couple of big screw overs like Enron, most corporations are run clean and legit. Of course we could all go back to the days before organized businesses where we all work to simply grow/gather our own food. I guess everyone would have a job then at least.
> Most corporate accounting can't be any worse than government accounting. Most corporate accounting can't be any worse than government accounting. Of course we will never know will we, since unlike the government private corporations do not have to operate out in the open.
>I think the corporate accounting du jour would have to be Merrill Lynch. Sort of a mini-Enron. Losses were much greater than reported causing BofA to beg for an extra $20B in cash to round out their government-brokered buyout. Oddly, BofA still went along with, you guessed it, SUPER-HIGH BONUSES for the disgraced executives. That is still in court. A judge threw out the last settlement as too low. The current number is around $130 M.Don't get me wrong. I'm not anti-business. I admire what you are doing Jim. That's the American story.
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