Exxon’s 2007 Tax Bill: $30 Billion Mark J. Perry, PhD | February 05, 2008 Corporate profits receive a lot of media attention, but what receives considerably less attention are the corporate taxes paid on corporate profits. Do a Google search for “Exxon profits” and you’ll get about 8,000 hits. Now try “Exxon taxes” and you’ll…

I don’t know how long this will be up so click fast and read about CLOs.   These are Collateralized Loan Obligations ,the corporate equivalent of CMOs Collateralized Mortgage Obligations. The article details that individual investors have withdrawn over $4 B in the last few weeks from such mutual funds. And that debt is trading…

The primaries will eventually move from touchy feely to what are you actually proposing here, at least I hope so. In the mean time here is something to contemplate as business students. Wednesday, February 06, 2008 Taxes that Must be Stopped Posted by: John Campbell, CPA, Member of Congress In light of the debate over…

Consumer confidence is  at its lowest level since 2002.  The market was just starting to recover from 9/11 that year. It is no coincidence that year started a bull run that lasted till 2007.  The economy is a mirror of confidence. Confident business owers invest, lacking confidence, they pull in their horns and turtle like…

Tuesday the Dow dropped 300 points letting George and Nancy know what the market thought of their package.

Alert student John Hunter made this post linking  to Dr. Deming. Take a look, clearly Deming’s ideas are alive and well. This makes it clear that his ideas spawned the whole CQM SIx SIgma Toyta Production Lean Management culture. As one who has lived throught the decades of GM and Ford losing leadership, it is…

The FED Govt will spend over three trillion this year.   This article explains just what that number means. Incredibly I heard a politician suggesting that budget contained draconian cuts, how much would congress like to spend I wonder?

Two of the ratios we look are are inventory turnover and tines inventory turns per year.  The reciprocal of the latter, the number of  times it tuns, is the days supply. Jerry Flint  shows a good example of how important this can be to the auto industry especially  with an economic slowdown looming.  He also…

Who needs video games about violent control of the world when you have MSFT trying to gobble YHOO? GOOG asserts that MSFT will use YHOO to steer everyone to you guessed it, MSFT operating systems to the exclusion of everyone else. This is what continually lands MSFT in court. Let the games begin, interestingly GOOG…

Christine Lagarde in  classic understatement. says that internal controls failed to detect a $7.2 B loss at France’s largest bank.  No kidding Christine!  We study IC in Intermediate Acct I as well as Audit and Systems. This is the largest single fraud in baning history.  Increasingly crime will be committed via the bypas of IC…