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Harder to pull of Hollywood accounting when the buyer can say such-and-such expenses don't count. > To back its claim to forgo profits from the $1.2 billion co
by andreareina 6y ago
Harder to pull of Hollywood accounting when the buyer can say such-and-such expenses don't count.
> To back its claim to forgo profits from the $1.2 billion collaboration in the United States, Astra has even granted the government access to financial accounts related to the venture, according to Dobber.
> “There are very clear milestones before they are going to pay. Because we made the promise to manufacture the vaccine at no profit, auditors of the U.S. administration will get free access to our accounting books,” he said.
- RobertRoberts 6y agoBasic accounting. All they have to do is give everyone on the board millions in raises and the company "made no profit". Don't be so gullible, it's _trivial_ to hide or remove profits without affecting income.
- andreareina 6y agoTheir books are open. The only way they can play games is with collusion by the government, in which case Hollywood accounting is the least of the problems.