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Non-Tech : The Enron Scandal - Unmoderated
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To: stockman_scott who wrote (2272)6/29/2002 5:54:14 PM
From: Raymond Duray   of 3602
 
THE DEVIL'S DICTIONARY DOES FINANCE:

Per this week's Barrron's, this is what some popular financial acronyms really mean:

EBITDA = Earnings before I tricked the dumb auditor.

EBIT = Earnings before irregularities and tampering.

CEO = Chief Embezzlement Officer.

CFO = Corporate Fraud Officer.

NAV = Normal Andersen valuation.

EPS = Eventual prison sentence.
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