Friday, April 25, 2014

The cold nasty winter of 2014

It is par for corporate America to blame the winter weather on decreasing sales, lower earnings growth, etc.    I guess winter is a novelty these days and there was never a winter in history that exhibited winter weather behaviour!

Here are more excuses for CFO's, CEO's and COO's in American corporations!

"Climate change clearly hit us awfully hard"

"Summer was clearly awfully hot, we needed extra time to put on sun screen, which is why efficiency was down and operating costs up"

"Night was awfully dark, the moon didn't shine as expected"

"Rain was terribly wet and roads were slippery (forgot my umbrella a lot of times), therefore revenue down"

Liars abound and the SEC sits idly by. 

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