[Digory]

Correct. GE recognized fees up front, and pushed costs to the future.

The Wall Street Journal published a massive article on GE's problems back in 2018.[0] Well worth your time, if you want to understand how big companies game their earnings.

https://www.wsj.com/articles/ge-powered-the-american-century...

[AtlasBarfed]

Voodoo accounting 101, followed by every strike-price-chasing CEO to the detriment of everyone.

[markus_zhang]

For anyone who can't break WSJ paywall

https://outline.com/M22bbL