3 ms·
I am not sure what the big deal is with this. I vaguely understand why regulators want this to be public knowledge. I have no understanding of why effort is bei
by apalmer 11y ago
I am not sure what the big deal is with this. I vaguely understand why regulators want this to be public knowledge. I have no understanding of why effort is being spent in opposing this.
- rosser 11y agoBecause keeping the proles in the dark about how hard they're being screwed benefits the people doing the screwing?
- drak0n1c 11y agoBecause putting more items into filings costs money and creates the possibility of liability if anything is off. Think of your tax return. Rigorous legal and financial document preparation is expensive. Large corporations can afford the bloat of thousands of regulatory requirements, smaller companies not so much. These added costs are borne by society in the long run, similar to how airline security regulations sometimes cause tickets to cost nearly two times what the original fare would be. This regulation isn't vital for informing investors of the performance of a company (this kind of ratio can be done by anyone who cares to do so using already available information).
- drauh 11y agoPull the other one: it's got bells on it. One additional number to be calculated, after the reams of numbers have already been calculated. If your accountant and lawyer cannot get that right, it's time to find new ones.