ghengis: good to see you here on SI...your input on the RB boards have been invaluable...all quiet here for now, but when Jay, Malcolm, Taikun, Logan, Edwin, Yamakita, etc start kickin it, things get pretty lively...welcome.
On the Economist series of slam articles, one has to wonder what the ulterior motive here is, if any. Just seems a little out of character for them to rehash the same story on ZD. Furthermore, the author makes an admission that he is judging Softbank by a set of US accounting rules and never broaches the subject of whether or not this is legal in Japan. Nor does he address the intersection between US acctg rules for ZD, as a US entity and Softbank, a Japanese concern.
The author also reveals the "shocking" news that the "financial engineers" (aka accountants!) still work for Mr. Son. As a shrewd financial negotiator, I would also want these savy accounting folks to continue to dream up every creative accouting rule in the book so long as it was legal. |
