Weekly Audit, February 13, 2009
February 13, 2009 by Lela Davidson
Filed under Finance
Happy Friday the 13th! Here’s some of what happened this week in the money:
- Robert Willens at CFO.com brought attention to the substantial limitations on the amount of Net Operating Losses (NOLs) that can be transferred to a new owner. Willens says the IRS is being very clear to prevent companies buying loss companies for the tax benefits of the losses.
- Slacker Manager’s Phil Gerbyshak proposes a new way to cap CEO compensation.
- Dean Takahashi at VentureBeat.com took the pulse of venture capitalists and found out where they’re still investing.
- Miki Saxon at Leadership Turn wonders if our current situation will usher a new age of *gasp* long term corporate strategy!
- General Motors cut 10,000 jobs – without offering the standard severance package. Ouch.
Enjoy!
Image Credit: quinn.anya, Flickr
Thanks for including my suggestions on capping CEO pay. I’m not sure if it would actually work, but it is one way to look at an interesting problem.