With revolutions all across the Arab world, riots spreading through Europe, and the continued persistence of the economic downturn, it seems like everyone’s coming to the consensus that perhaps the situation has become so unthinkably bad that previously unthinkable solutions might be necessary. Government solutions to catastrophic economic collapse have rarely been neat or pretty, […]
There is a price to be paid for morality. Laws prohibiting alcohol, marijuana, same-sex marriages and gambling which promote community morals and standards also have another effect — a major loss of revenue from sales and taxes.
According to a 2005 research study, executives with equity incentives (stock options and restricted stock grants) were more likely to “smooth” earnings so that they met or barely beat analysts’ projections. And the longer the continuation of the equity incentive plan, the greater the “management” of earnings. The researchers summarized the reasoning behind the behavior […]