The Finch Formerly Known As Gold

17 June 2003

Positive accounting

Most of this Sandy McLendon piece at FlatRateTech deals with perceived weakness in Ford's customer service, but the penultimate paragraph extends way beyond Detroit:

There's a funny thing going on in Corporate America these days — companies speak of "profits", instead of what they used to, "earnings". Well, I have to admit there's a certain amount of weird honesty in that. Many companies are profiting from poor product and poor treatment of consumers — but they haven't earned anything.

(Via BlueOvalNews)

Posted at 10:14 AM to Dyssynergy