Commentary: Mergers: Crack Down On Stupid Accounting TricksPeter Coy
An old Far Side cartoon showed a mathematician at a chalkboard trying to explain away a gap in a complicated proof. "Then," he says, "a miracle happens." The picture isn't much different in Corporate America--as CEOs try to justify the sky-high sums they pay for acquisitions. Only they don't call it a miracle: They call it accounting.
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