Corporate Financial Management (3rd Edition)

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Zondervan Zondervan 2014 Church and Nonprofit Tax and Financial Guide: For 2013 Tax Returns (Zondervan Church and Nonprofit Tax Financial Guide)
Book (Zondervan)

What is really sad in America

2012-11-24 09:33:14 by innocephorous

Is that we use business failure for political grist in the polarized mill of management versus labor. The underlying culprit is actually much deeper than either of those inept and self-serving groups...it is the fact that we have, as a country:
1. Structured our capital markets such that long-term decision making is absent. This is due to the SEC reporting rules as well as a financial industry bent on pump-n-dump for quarterly earnings.
2. Structured our tax system to reward financial gamesmanship via accounting and law, rather than rewarding profit and strategic decisions

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