Beancounters lying again?
As I stare at my portfolio heading South this morning, does anyone else share my frustration that yet again, mendacious beancounters are responsible for torpedoing another US corporate giant. Is this an epidemic? Are there anymore leviathans about to come out of the closet? Are there any on this side of the Pond?
From my experience of beancounters in the aviation industry, and their attempts to spin figures to suit the boards policy aims, then perhaps we might use this opportunity to weed them out.
This might just be the beginning of a sea change for accountants, and their questionable disproportionate influence on corporate governance and the reign of common sense.
We can dream, can’t we?