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Correct. GE recognized fees up front, and pushed costs to the future. The Wall Street Journal published a massive article on GE's problems back in 2018.[0] We
by Digory 7y ago
Correct. GE recognized fees up front, and pushed costs to the future.
The Wall Street Journal published a massive article on GE's problems back in 2018.[0] Well worth your time, if you want to understand how big companies game their earnings.
https://www.wsj.com/articles/ge-powered-the-american-centurythen-it-burned-out-11544796010 https://www.wsj.com/articles/ge-powered-the-american-century...
- AtlasBarfed 7y agoVoodoo accounting 101, followed by every strike-price-chasing CEO to the detriment of everyone.
- markus_zhang 7y agoFor anyone who can't break WSJ paywall https://outline.com/M22bbL https://outline.com/M22bbL