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Deceptive Accounting

The use of accounting tricks (e.g., EBITDA, restructuring charges) to obscure true economic performance.

📚 Historical Mentions & Citations (1)

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1999 MeetingExcerpt Available
But you have not seen any great flood of people doing it. And actually, the way they show it in the footnotes is quite deceptive, in my view, because they try to make assumptions that minimize what the income account impact would be. But the cost to the shareholder is what counts. I mean, that is the compensation cost, as far as we’re concerned. And that’s been minimized. The whole effort to engage in pooling rather than purchase accounting, I’ve seen a lot of — there’s been a lot of deceptive accounting, in that respect. There’s been deceptive accounting on purchase accounting adjustments. So those are the kind of things we’re talking about. Charlie?