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I'd argue there have been plenty of examples of large corporations delivering rosy figures, until they could no longer sustain the lie. Some years ago, I got a
by beat 9y ago
I'd argue there have been plenty of examples of large corporations delivering rosy figures, until they could no longer sustain the lie.
Some years ago, I got an investment club to put some of our money in Harley-Davidson, based on numbers that hit our criteria perfectly. Too perfectly. A few months later, the CEO resigned, revised numbers came out, it became clear they'd been more or less cooking the books, and the stock tanked. This happens a lot. Worse, it happens with stock market darlings. Remember Enron?