Originally Posted by
Sunfish
Sure Bain put in $125 million. It did this out of the goodness of its heart.
Mick, yes, there are standards for accounting valuations of intangibles and all sorts of other stuff. You missed my observation on the lack of forensic aviation accounting capabilities in Australia. As for Deloittes international connections, I used to play that tune when I worked at Coopers & Lybrand. The reality is that locals want to maximise billable hours, not feed them to New York.
Local Deloittes accountants wouldn’t know the difference between a $300,000 turbine disk and scrap metal. That is just the start of it, speaking as someone who has been both sides of the green pen.
The deal is secret because it’s legalised robbery, period.
coopers and Lybrand! You are old! 😂