How Accounting Smoke and Mirrors Makes Corporate Profits — and Rich People’s Income — Invisible


The rich always find loopholes. As a percentage of income, it is the poor who pay the most taxes.

Because stock-market investors are always going to be thinking: “They could always turn the dial from market share to profits. Just raise prices a skootch, and reap the harvest. In spades.”

But: they never do. It’s like a perpetual-motion machine, or holding yourself up by your own bootstraps. All that rising valuation is eternally based on the fact that they could raise prices and deliver profit (and yes: they could). In the meantime the business both generates and has massive value. It employs 270,000 people, delivers zillions in employee compensation, pays zillions more to suppliers, receives hundreds of billions in revenues, and dominates whole segments of multiple industries. Are there really no “profits”? Nobody’s being irrational here.

The complete article

Steve Roth — Evonomics

Image source

Most Influential Women in Finance

Everyone seems to be cashing in on the International Women’s Day frenzy. The above image of a defiant girl in front of Wall Street’s iconic charging bull statue was just another addition to the same. State Street Global Advisors, world’s third-largest asset manager, installed this bronze statue on Tuesday morning as part of its new campaign to pressure companies to add more women to their boards.

Talking about women in financial sector, today’s Needull is a list of my favourite women finance professionals. Go through the list, read through these relatively unknown names and you will be surprised to know how women are ruling the world, even in a literal sense.

The financial world is dynamic, unpredictable, capricious and sadly, male driven. But thanks to the women mentioned in this blog and thousands more like yours truly, the world is gradually waking up to the idea to let the fairer sex handle the finances, at home and outside. There is a lot needed to be done but as for now, the defiant girl is just standing, determined and steadfast, as the bull ahead snarls in anger.

Full Blog Here

Image Source