One item forgotten in this conversation: Companies tend to write off their problem accounts (impaired assets) using external events as an excuse ("everyone is

One item forgotten in this conversation: Companies tend to write off their problem accounts (impaired assets) using external events as an excuse ("everyone is doing it mentality") Im not suggesting they had 25B in nonperforming assets, but sometimes this is a strong motivator to do spring cleaning - and quietly make problems go away, such as bad M&A deals, etc.