What to start a Saturday morning paper.
Apparently under oath the Nasdaq Chief executive Bob Greifeld admitted he did not understand how to calculate Gross profit margin (rudimentary formula in accounting) and add salt to injury he is an MBA! So you can understand the reaction in London keeping in mind that there's a hostile bid for the London Stock Exchange by NASDAQ.
Reminds of a book someone recommended (and yes I've never got the time! - for the past two years!)
Imagine him interviewing me and I had no idea what mark-up or margin is all about
Give the guy a break he can afford to hire guys who can do that for him!
Some of the things we learn in class why the torture? I guess that could have been his attitude when he was in ACC 101 - funny I can't see the same story in other papers. It's not that important is it? I thought not. But this only gives ammunition to those who criticise Business Schools. Whatever the case it costs a fortune to invest in this area
No comments:
Post a Comment