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There's some accounting voodoo with capex that brings incentives into the whole process.
by steveplace 17y ago
There's some accounting voodoo with capex that brings incentives into the whole process.
- tullius 17y agoNo they are just clueless, Bebo was purchased for cash.
- steveplace 17y agoPerhaps I'll rephrase: they use the accounting voodoo as an excuse to buy stuff they have no business acquiring, as their MBA textbooks told them about capex and operational leverage.