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Financial SkepticAccentuating the caveat emptor with critical commentary concerning investor relations and financial communications. I look at how information is (mis)managed and manipulated thereby creating possible investors losses. |
CEO Transition Costs
Posted on 08/05/2006 00:00 AM | Link | Post Comment
Pyramid Breweries (Nasdaq:PMID) has a new accounting category that I have not noticed before. In their latest report they identify CEO transition costs as a major (negative)impact on the latest earnings. No word on governance changes to prevent the CEO from cleaning them out again. They maintain that the beer still tastes good!
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