Brown Motion

No this is not about the clothing retailer or hoodies.  Rather it is about the CEO types 'stepping down'.  There has been a lot of that lately.  Have you noticed?  Presidents and CEOs of corporations large and small, University Provosts and Deans, of course a number of 'fatherly' figures, comedians,  eminent scientists and the like, the list goes on. And this is not some some stool or ladder they got tired of standing on.  Oh no.  This is a reaction to an allegation or evidence of impropriety they exhibited while holding that eminent position or office. So let me explain what sexual mischief or adultery while in office (or out) has to do with GAAP.  For the uninitiated the GAAP stands for 'Generally Accepted Accounting Principles' and refers to a body of work that a bunch of CPA types put together as a guide for how a business should compile its financial statements. This information is made public to the shareholders of a going concern to ...