“We have followed the IRS regulations as they’re currently written.”
~ The outgoing BP CEO, explaining the $9.9 billion tax credit the company took in the second quarter.
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“They will help investors to better understand off-balance sheet risks, and to alert them to the possibility of so-called window dressing transactions occurring at the end of a reporting period.”
~ Sir David Tweedie talking up the new rules that were published by the IASB today.
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Quote of the Day: Did Someone Suggest That Google Wasn’t Big? | 03.01.10
“We shouldn’t pretend we’re not a big company.”
~ Patrick Pichette, Google CFO.