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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: