Posted by: mutantpoodle | May 4, 2010

The Chainsaw Al Award for bean counting goes to…

Photo via Talking Points Memo

Whatever fiscal genius thought that saving $500,000 on a remote acoustic shutoff switch for the Deepwater Horizon was a good bet.

Plus, of course, the Bush regulators who didn’t see fit to require one.

*Named for Al Dunlop, considered a hero to shareholders for his draconian cost-cutting methods that were credited with bolstering several companies. It turns out Chainsaw Al enhanced profits the old-fashoned way – through accounting fraud.


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