Tim Reason, CFO.com | US
August 4, 2009
I have seen this sales method at other firms, once called a slippy lease concept where a firm sells the item to a financial firm, lease it back and then lease it again to another firm.
It takes the revenue from the sales, and then acts like a lease brokership to obtain yet another revenue stream just to met EPS numbers. When are we going to realize that obtaining false numbers like this only will bite one on the rearend eventually.
If GE was found out, the other firms better start worrying about their financials.
Posted by Bob Kinsler | Aug 11, 2009 5:55 PM ET
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