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It is striking that the cults often involve asset classes that do not deliver much in the way of immediate cashflow.
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Title III of the Helms-Burton Act allows Americans to sue foreign companies whose operations in Cuba involve assets confiscated when Fidel Castro took over the country in 1959.
Complex new products that are created in one financial centre involve assets in another and are sold to investors in a third, so who is supposed to keep an eye on them?"It's almost a virtual system," says one regulator in a leading financial centre.
Mr Gerstner repeatedly used all kinds of accounting tricks, involving asset sales, share repurchases and gains from the company's vast pension fund, to meet profit targets.
The Investment Solutions segment involves asset management, private banking, and securities, insurance and real estate services.
On October 14th the European Commission unveiled guidelines for successions involving assets in more than one EU country.
One change would empower the country to tax any offshore transactions involving assets in India dating to 1962.
Morgan Sindall today admitted it would not make as much as expected from a deal involving assets of the collapsed council house maintenance division of Connaught.
In either case this special treatment commonly applies only to long-term gains involving assets that have been held for a minimum length of time.
The issue "is a complex matter involving assets actively involved in the war on terror," the official said, adding that the White House was studying "the full range of practical and legal considerations such a step would entail".
The earnings include a one-time benefit of 15 cents a share from the closing of a subsidiary and a one-time write-off of about 3 cents a share involving assets from venture investments.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com