“We have followed the IRS regulations as they’re currently written.”
~ The outgoing BP CEO, explaining the $9.9 billion tax credit the company took in the second quarter.
Related Posts
Quote of the Day | 01.25.10
“An auditor’s report tells less about a public company’s health than a doctor’s report tells about an individual – in scope, detail and precision. And if investors and other financial information users are not happy, they are doing nothing to make their dissatisfactions effectively known.”
~ Jim Peterson, from his post “Medical Check-Ups and Annual Audits: What if Your Doctor Reported Like Your Accountant?” at Re:Balance.
Former Deloitte CEO Is a Big Fan of ‘Smors’
No, Cathy Engelbert isn’t talking about the delicious summertime treat. She’s talking about “small moments of […]
Dick Durbin Isn’t Buying This Fiscal Commission Report
“I told them that there are things in there that inspire me, and there are things in there that I hate like the devil hates holy water. I’m not going to vote for this thing.”
~ The Illinois Senator doesn’t like the sales pitch from Erskine Bowles and Alan Simpson.