You just joined as a new analyst and your boss slaps this on your desk Adobe 2000 10K. What is the real net income to shareholders? Assume a 35% tax bracket.
You remember from reading in Berkshire Hathaway’s 1992 annual report, “If options aren’t a form of compensation, what are they? If compensation isn’t an expense, what is it? And, if expenses shouldn’t go into the calculation of earnings, where in the world should they go?”
FAJ Stock Options and the Lying Liars Who Dont Want to Expense Them No need to read this to answer the question.
Last year was a bumper year for hedge fund launches. According to a Hedge Fund Research report released towards the end of March, 614 new funds hit the market in 2021. That was the highest number of launches since 2017, when a record 735 new hedge funds were rolled out to investors. What’s interesting about Read More
An answer will be posted next week. The correct answer will garner a prize and adulation.