gregg r on Nostr: npub1hykuc…73p33 -- "Companies have 'near total managerial discretion' to lump ...

npub1hykucplphuhelaxutcw4jw3vuu7gcg42czhqmk7jhchs8vdga4fsj73p33 (npub1hyk…3p33) -- "Companies have 'near total managerial discretion' to lump business units together and group their profits and losses in bloated, undifferentiated balance-sheet items ... The SEC lets Amazon – and other gigantic companies – get away with a degree of secrecy that should disqualify it from offering stock to the public."

One set of rules, enforced for the little guy, ignored for the behemoth. As George Carlin said, "It's a big club, and you ain't in it."

https://pluralistic.net/2024/03/01/managerial-discretion/#junk-fees