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Who Really Cooks The Books - Buffett blames Lieberman in 1994
New York Times
| 7/24/02
| Warren Buffett
Posted on 07/24/2002 7:18:22 AM PDT by aShepard
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Hmmm! 1994! Joey Lie-ber-man!
Whose legacy????
1
posted on
07/24/2002 7:18:22 AM PDT
by
aShepard
To: aShepard
Lieberman - the unconscious of the senate.
To: aShepard
Words from the acknowledged Master of Markets.
To: Vic3O3
The Oracle of Omaha speaks.!
Semper Fi!
4
posted on
07/24/2002 7:26:59 AM PDT
by
dd5339
To: b4its2late
bump
5
posted on
07/24/2002 7:28:00 AM PDT
by
timestax
Comment #6 Removed by Moderator
To: aShepard
WARREN E. BUFFETT strikes me as a lefty, to boot. Wasn't he the one who was saying that he didn't need a tax cut?
To: aShepard
I'm surprised the Clymers ran this. Lieberman is a fraudulent poseur and I do hope the truth is outed, big time...
8
posted on
07/24/2002 7:35:58 AM PDT
by
eureka!
To: aShepard
He's absolutely right, this is just commonsense. If the CEO's are saying the options have no value, then they should have no problem giving them up. If they do have value, they should be expensed.
To: BillinDenver
Congress has GOT to close this loophole. I have read both sides of the "expensing options" argument and I do not feel that the proponents of expensing have a good case. Expensing options is only an estimate as to how many will be eventually exercised. For instance, in this down market, there certainly aren't many being exercised. Yet, under "expensing" many of these options would therefore have erroneously stated earnings in previous years.
People whose opinion I respect claim that options are adequately accounted for in corporate reports - for anyone who is interested in seeing them.
10
posted on
07/24/2002 7:38:06 AM PDT
by
jackbill
To: aShepard
Lieberman pretends to be a moderate Democrat with conservative social principles. But he's just like the rest. Remember when he suddenly was in favor of partial-birth abortion, and was suddenly against vouchers during the Presidential campaign? He dropped his principles like a live grenade when it suited him.
To: aShepard
Funny, the media is unaware of Lieberman's legislation.
12
posted on
07/24/2002 7:41:00 AM PDT
by
1Old Pro
To: eureka!
I'm surprised the Clymers ran this. Lieberman is a fraudulent poseur and I do hope the truth is outed, big time... Yeah, surprising that this is in the NYT. Let's give this a mainstream, get legs, bump!
13
posted on
07/24/2002 7:51:50 AM PDT
by
aShepard
To: BillinDenver
I really have to wonder what earnings would actually be if all companies did exactly what Buffett suggested. The ironic thing is that Buffett's favorite son (Bill Gates) is one of the worst offenders.
Most of Microsoft's earnings that fueled the big run-up of their stock price in the late 90's would have been wiped out if the exercise of employee stock options had been expensed.
To: aShepard
"Yeah, surprising that this is in the NYT. Let's give this a mainstream, get legs, bump!"Not likely. The presstitutes will view it as an editorial letter and not "news" (*wink, wink*). A pox on their dishonest houses...
15
posted on
07/24/2002 7:58:45 AM PDT
by
eureka!
To: BillinDenver
I really have to wonder what earnings would actually be if all companies did exactly what Buffett suggested. Standard & Poor has recently introduced the concept of core earnings where stock options are expensed and other confusing items are removed to see just what the company's core operations are actually doing. Fortunately, not all earnings disappear, but they do drop a chunk.
16
posted on
07/24/2002 8:18:30 AM PDT
by
LenS
To: kcvl; Dog
FYI.
17
posted on
07/24/2002 8:20:37 AM PDT
by
Howlin
To: Fracas; rintense; PhiKapMom; Miss Marple; terilyn; Utah Girl
FYI.
18
posted on
07/24/2002 8:24:29 AM PDT
by
Howlin
To: aShepard
So Buffet doesn't talk about his support for the death tax.
He got his and he doesn't want anybody elese to have it, but the slime called the federali's.
19
posted on
07/24/2002 8:24:38 AM PDT
by
dts32041
To: Howlin
Very interesting....
20
posted on
07/24/2002 8:27:48 AM PDT
by
Dog
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