An Accounting Parable for Our Time
As told to me by a faculty member at Ohio State, who heard it in a presentation by Eugene Flegm, former general auditor for General Motors: Some years after the end of World War II, GM was negotiating a new…
As told to me by a faculty member at Ohio State, who heard it in a presentation by Eugene Flegm, former general auditor for General Motors: Some years after the end of World War II, GM was negotiating a new…
GM's recent filing of its registration statement with the SEC represents the collision of two topics I have written about. First, the fortuitous arrival of $30.2 billion of "goodwill" on GM's balance sheet so soon after the company crammed a…
Not only does General Motors' CEO, Edward E. Whitacre Jr., want to take GM public ASAP, he is asking the federal government to sell its $50 billion (!) stake at the same time. That's all well and good, but I…