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Jim Chanos & Bethany McLean on Lessons from Enron, Financial Fraud Throughout History, and the Fall of FTX, SVB & Wirecard | #479
The Meb Faber Show - Better Investing
The Rise of Stock-Based Compensation in Silicon Valley
Jim Boulden: It's mind blowing now on how corporations report their results and what they exclude. He says companies are not supposed to lead with these metrics, adjusted EPS or EBITDA. And so the adding back, particularly in Silicon Valley, of just insane amounts of share base compensation to the P&L is one area where he would chide the SEC for falling down on it.
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