They don’t teach you how to do this in business school, but GM has announced a third quarter lossof $39 billion. This is one of the largest quarterly corporate deficiets EVER. Man that is a HUGE. How do you lose that much in a quarter? How do you loss that much in a life time?
If you read deeper into it you will find the news mentioned something about tax write offs? I am not an accountant, but I have done financial reporting for departments in large corporations. Things sseemed to be doing a bit better with the last three quarters ending in profits, but apparently that was just bogus, inflated or bull*&^$ (take your choice). It is kinda crazy a company can hid losses that big for such a long time.
Either-way, it would be nice to be in a position to have that money to lose.