4 ms·
At least with Hollywood accounting, the subsidiary is usually created up front. This reads like J&J created the subsidiary after the fact, which IMO, shouldn’t
by alistairSH 5y ago
At least with Hollywood accounting, the subsidiary is usually created up front. This reads like J&J created the subsidiary after the fact, which IMO, shouldn’t be allowed.
- tedivm 5y agoIt's also not uncommon to purchase an existing company, move debt over to it, and then kill it off. Late stage capitalism is an interesting phenomenon.
- chinathrow 5y agoI wonder where the pitchforks are, by now. https://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014/ https://www.politico.com/magazine/story/2014/06/the-pitchfor...
- sudosysgen 5y agoThings aren't quite bad enough yet. If the current trajectory persists, maybe in 15-20 years?
- wiml 5y agoIt seems kind of optimistic or naïve to call this late-stage capitalism. It can get a lot worse if you really unfetter the capitalist machinery.
- deleted 5y ago[deleted]