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Politics : Ask Michael Burke

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To: Don Lloyd who wrote (83169)	8/21/2000 3:31:46 PM
From: Bilow	Read Replies (1) of 132070

Hi Don Lloyd; Your problem with the non-employee twin also applies to a cash based payment scheme. For instance... Suppose that the company, which had previously used one of the standard employee compensation services to pay its employees decides to begin payment instead by leaving piles of unmarked bills in a trash can on the west side of Central Park. But later it turns out that the bills were collected by a garbage collector, who, it turns out, was capable of saving the company, and who did. Meanwhile the old employees were collecting coffee and donuts for kissing their bosses' butts. What would be the impact on the accounting numbers? (From a totally cash based example, no need to bring stock options into the mixture.) I've come to the conclusion that you are confusing cash flow with profits. Try coming up with an example that doesn't involve twins &c., and that is not immediately translatable into an equivalently bizarre example without stock options. The intention here is not to discuss how many angels can dance on a pin head, but to determine what the best way to measure profitability in a company is. -- Carl

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