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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (13181)	8/23/2000 4:52:58 PM
From: benwood	Read Replies (2) \| Respond to of 436258

In the event that the pension fund earnings go south in the future, won't those companies simply restate earnings for the prior year's quarter (i.e. remove the pension gain from the previously reported quarter) and thus eliminate the horrific year-over-year comparison to show only the the operating profit comparison. By then, they'd reason, nobody would care about the prior "surplus" having evaporated because their are so many mindless sheep being herded by the PR spin doctors and upgrade/downgrade baloney makers. Or is there something actually out there in accounting regulations to keep them from having their cake and eating it, too (which would surprise the heck out of me at this point).