News for hackers. Stuff that matters.

A comment on Madoff whistleblower Harry Markopolos calls GE a ‘bigger fraud than Enron’. Parent comment

Re:Madoff whistleblower Harry Markopolos calls GE a ‘bigger ... by jjeaff on Thursday August 15, 2019 @12:16PM (#20706544)
Paying late is corporate finance 101. Or at least 201. I remember building spreadsheets in class showing the difference in paying bills on time vs net 30, 60, 90. The difference is pretty significant when dealing with large numbers.
[ Parent | on HN ]
Re:Madoff whistleblower Harry Markopolos calls GE a ‘bigger ... by user5994461 on Thursday August 15, 2019 @02:12PM (#20707980)
The difference used to be significant when inflation and interest rates where in the order of 10% year over year. It's not the case anymore since they dropped to near zero, unless you really don't have the cash on hands to pay now.
[ Parent | on HN ]