In a meeting of the Board of Directors over a proposal to restructure, a firms CEO states:
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In a meeting of the Board of Directors over a proposal to restructure, a firm’s CEO states: “I recommend we take as large a charge against current earnings as our auditors will permit, since Wall Street will love us for being tough. Further, in future years our earnings will look improved, giving us a long-term boost from the current hit.” Do you agree with these comments? Explain why or why not.
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Related Book For 
Business Analysis And Valuation Using Financial Statements Text And Cases
ISBN: 9780324015652
2nd Edition
Authors: Krishna G. Palepu, Paul M. Healy, Victor Lewis Bernard, W.Gordon Filby
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