Is this more accounting gerrymandering...? - Saab General Bulletin Board - Saabnet.com
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Is this more accounting gerrymandering...?
Posted by Mark from Toronto (more from Mark from Toronto) on Wed, 30 Dec 2009 11:46:55
In Reply to: GM extends deadline for Saab sell-off, Garry, Wed, 30 Dec 2009 11:07:12
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I wonder if this is yet another accounting shenanigan? After all GM is legendary for it's bean counting. Maybe they made a big show of this, announced the closure of SAAB, will take the accounting charge in 2009 on the basis that it is a process "underway". Book the loss in 2009 when the numbers are ugly anyway. Then in 2010...sell SAAB, take the profit as an one time gain on the sale of an impaired asset...pay themselves huge bonuses for being such genius...sell stock to unwitting dupes.
posted by 67.212.18...
Posts in this Thread:
- Saab Support Convoy.., Chris9k , Wed, 30 Dec 2009 09:48:23
- Re: Saab Support Convoy..info at saab history site, Dan in St Louis, Sat, 2 Jan 2010 09:36:29
- Re: Saab Support Convoy.., dave, Thu, 31 Dec 2009 06:04:52
- Re: Saab Support Convoy..Local Clubs?, Chris Hansel, Wed, 30 Dec 2009 19:38:56
- SAAB Support Convoy -SEATTLE, WA, MattWiltse , Wed, 30 Dec 2009 16:18:35
- I'm in ..., bobc , Wed, 30 Dec 2009 13:52:06
- Re: Saab Support Convoy.., scott k, Wed, 30 Dec 2009 10:21:22
- Re: Saab Support Convoy.., SaaberinDetroit, Wed, 30 Dec 2009 10:19:43
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