Re:The Smartest Guys in the Room Eerily Describes Tesla
by camjohnson26 on Friday May 24, 2019 @12:48PM
(#20003303)
Unrelated to Tesla, but WeWork recently set up a holding company to buy stakes in buildings it rents from. The name is ARK, which the CEO said in an interview stands for Adam, Rebekah, and kids. The company quickly said his answer was a joke and gave a real definition.
This is interesting because at Enron The LJM company set up by Andy Fastow was created to let Enron move assets off their balance sheet, even though Fastow kept his CFO job and control of LJM. Over time this allowed Enron to hide losses and was one of the main reasons the company fell. The funny part is that LJM stood for Lea, Jeffrey, and Matthew, who were Fastow’s wife and kids.
This is interesting because at Enron The LJM company set up by Andy Fastow was created to let Enron move assets off their balance sheet, even though Fastow kept his CFO job and control of LJM. Over time this allowed Enron to hide losses and was one of the main reasons the company fell. The funny part is that LJM stood for Lea, Jeffrey, and Matthew, who were Fastow’s wife and kids.
You seriously can’t make this up.
https://www.bloomberg.com/news/features/2019-05-15/wework-wa...