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replace 'CEO' with 'accountants' and you may be onto something.
There are so many folks who have no clue how things work. I assume this poster is implying that corporate gains are due to accounting gimmicks. Ask Arthur Anderson how that worked out.
Actually no, because it is stock price is a direct result of CEO actions. Also there is no way of knowing if those options were in the money, also what was the cost basis?
I see. Then no, Mr. McGuire did not make a billion dollars. His yearly wage before he retired with that $1.5 billion stock option was a measly $400,000,000.
I see. Then no, Mr. McGuire did not make a billion dollars. His yearly wage before he retired with that $1.5 billion stock option was a measly $400,000,000.
Apparently that is what his employer decided he was worth. So how does this affect your life?
There are so many folks who have no clue how things work. I assume this poster is implying that corporate gains are due to accounting gimmicks. Ask Arthur Anderson how that worked out.
In the short term, accounting 'gimmicks' can most certainly be used to make a company's situation look better than it actually is
I could be so humble, it would make you sick to your stomach...if I thought I could walk away with $9 million for doing an incompetent job.
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