Business and Management

I've spent years in business, whether in large tech firms, startups, as corporate management in a publicly held company, a business consultant to companies of all sizes, or in my own small businesses. The experience brings an insight to reporting and putting stories into a larger context.

Investor Alert: How to See Through Corporate Earnings Smoke and Mirrors

In August 2015, pharmaceutical company Valeant was riding high. By late October, the company would lose nearly $60 billion in market value. Now, after greater scrutiny and criticism, Valeant's stock is down more than 85 percent from its high. A major cause of the rise — and the fall — was so-called pro forma results. Companies can use measures other than generally accepted accounting principles, or GAAP, the gold standard for U.S. accounting, to report results so long as they also include the GAAP measures.
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