Hacker News new | ask | show | jobs
by JumpCrisscross 625 days ago
> Couldn't the annual valuations be gamed by insiders?

Yes. It's not even difficult to imagine. Management undervalues group assets to buy them on the cheap for themselves.

1 comments

>Management undervalues group assets to buy them on the cheap for themselves.

It's not my imagination, I've seen how they sell the same assets back for a profit after enjoying some tax depreciation for a while too.