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Why Financial Statements Don’t Work for Digital Companies

Harvard Business

In the 2016 book The End of Accounting , NYU Stern Professor Baruch Lev claimed that over the last 100 years or so, financial reports have become less useful in capital market decisions. This becomes clear when you look at a company’s two most important financial statements: the balance sheet and the income statement.

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How the Great Recession Changed Banking

Harvard Business

The market panicked. That strengthened investment banks’ balance sheets by forcing them to scale back and to change the nature of the risks they take. This is most apparent in the credit markets, where revenues have shrunk by more than 40% from pre-crisis peaks. HBR Staff/CSA Plastock/Getty Images.

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Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business

That deal sent the price of Brent crude oil to above $70 a barrel in January, after the industry that had suffered through $54 per barrel oil on average in 2017. The recent price swings highlight a new era of uncertainty gripping the world’s energy markets. It makes price movements less extreme but also more difficult to predict.

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Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business

In June 2017 the board “retired” Immelt and promoted John Flannery to CEO. So is John Rice, the head of global operations, along with CFO Jeffrey Bornstein. During Immelt’s tenure, GE’s stock market value fell by about half. Increase operating margins to 18% (by cutting expenses). Comstock is out.

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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

trillion muni market had puzzled at the true identity of Bond Girl, Hector Negroni, co-founder of New York-based investing firm Fundamental Credit Opportunities, said in a telephone interview. “ The Corporate Fund is Chicago’s general operating fund. Chicago’s property tax revenues do not go into its general operating fund.