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