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To: Wright is right!
Note - if you have to ask why GE's slogan is relevant, you're disqualified.

I keep hearing that GE was up to the same tricks as Enron. What's your best source for information about this?

10 posted on 02/11/2002 9:01:08 PM PST by codeword
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To: codeword
I am very concerned about Cisco Systems....I am fearful that they do a bit of creative accounting, and, the CEO there mangles the truth.....I may want to sell.
12 posted on 02/11/2002 9:13:21 PM PST by joyce11111
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To: codeword
"Note - if you have to ask why GE's slogan is relevant, you're disqualified.

I keep hearing that GE was up to the same tricks as Enron. What's your best source for information about this?"

You're disqualified. GE, who once used that slogan as their advertising tagline, is NBC's parent company.

As for GE being up to Enron's "practices," I haven't heard anything. But you can bet that as long as the IRS Code contains all the loopholes that it does, someone is going to take advantage of every last one - licit or not. There is probably - PROBABLY- NOT a multi-national company out there that hasn't, at one time or another, made use of various off-shore methods to make things "come out" on the balance sheet. Most companies employing such tactics do it as a one-shot or two-shot affair, a way to sweep a turd into the closet before the cleansing committee can show up. But Enron used the offshore accounts to engage in massive fraud, which is another dropping entirely.

Michael

48 posted on 02/12/2002 7:11:26 AM PST by Wright is right!
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