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64. Re: Op Ed Mar 2, 2013, 19:57 Creston
 
Beamer wrote on Mar 2, 2013, 14:28:
While it's possible to have a division lose money on paper, it is impossible to have an entire publicly held organization do so. Simply put, EA cannot cook the books without someone going to jail, or more likely, mysteriously dying before going to jail like with Enron and Worldcom.

They are not "cooking the books." These are completely legal loopholes that they are exploiting. I am not saying EA is like Enron and is literally stealing money. They are simply reporting things in a legally acceptable way so that they do not appear to be making a profit.

The idea that corporations can't do this anymore would make every CPA in the country laugh. It sure my brother-in-law laugh when I asked him about it, and he's in charge of his accounting firm.

Creston
 
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