It would have been better for GE not to do any accounting whatsoever


535
535 points

As former CEO of General Electric John Flannery Everyone knows wellEverywhere you look at Formerly the large American industrial giant over there An unwelcome new discovery. The SEC knows that too, but thankfully for John Flannery Not his problem anymore.

The Securities and Exchange Commission (SEC) started in the same place it did for Flannery: The Terrifying, terrifying mirror fun approach to accounting Taken under the rule of his predecessors. And just as Flannery looked everywhere he was there An empty private plane roaming the worldEverywhere the SEC looks You find some other aspects of GE’s bookkeeping desire.


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535
535 points
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