FEI Offers Caution On S&P Framework

July 2002
Financial Executive;Jul/Aug2002, Vol. 18 Issue 5, p63
Academic Journal
The article reports on the Financial Executive International (FEI) organization's response to Standard & Poor's (S&P) Corp.'s "core earnings" concept. FEI suggested that S&P work with the Financial Accounting Standards Board instead of introducing a new method for calculating corporate operating earnings. The FEI is skeptical about the S&P concept because it oversimplifies investors' decisions and can produce a statistical bias in some industries or companies. Employee benefit costs, asset write-downs, stock compensation expensing, and one-time gains are mentioned. FEI President Philip B. Livingston comments on S&P.


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