Skip to main content

The WiKID Blog

Viewing posts from January, 2009

Measuring-Managing-whatever

How big is the government? Nobody knows:

As anticipated, the federal government flunked its audit for fiscal 2006, with $797 billion, or 53 percent, of its reported assets and an additional $790 billion, or 27 percent, of net costs, on the balance sheets of five agencies that could not be fully audited.
....
As it did last year, the Government Accountability Office cited three major shortcomings: financial management problems at the Defense Department, an inability to account for and to reconcile balances that cross agency lines and an ineffective process for preparing financial statements.
Instead of debating whether we should be measuring the deficit against GDP or if deficits matter at all or pointing out that there is no way to measure the net benefit of a new aircraft carrier, how about just showing that you know, and therefore in some way value, what you have as assets? Auditing is like blocking and tackling. If you don't care enough to do the basics, you will never win.

economist-buys-alumni-cd-online

Economist spends $1 for public good

eating-your-own-dog-food-or-drinking-your-own-pee

Being an entrepreneur means wearing a lot of hats

bw-on-opensource-in-2005

Business Week has great round up of their open source stories for 2005 along with predictions for '06.

is-there-a-cheap-stock-issue-for-google-after-the

I'm no lawyer not a securities expert, but I have sold some companies and one issue we had to deal with when selling to a public company was "cheap stock". The concern is that a company might distribute stock cheaply to insiders before going public, then sell it at a premium. (I guess the regulation protects the existing shareholders?) It is also an issue for employees who get options before an IPO. Options that are granted with the strike price equal to the value of the underlying are not taxed because there is no gain. But if the next day the stock triples because of an IPO, was the valuation correct? Are taxes owed? This regulation makes more sense to me, because Uncle Sam likes his taxes.

Recent Posts

Archive

2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008

Categories

Tags

Authors

Feeds

RSS / Atom