Jeremy Marshall, the chief investment officer of Bentham Europe, said: "The mis-statement of profits, leading to a dramatic collapse in the Tesco share price, caused substantial damage to many shareholders who manage money for thousands of investors.
For a business, this might be a statement of annual profits.
In any accounting controversy, the issue is whether the statement of revenue, profit, assets and liabilities accurately reflects the "reality" of those transactions.
But ever since that deal five years ago, the "shareholders" have not received their share of the plantation's profits, nor seen a statement of what those profits are.
The Financial Accounting Standards Board FASBB) expects to issue a proposal for public comment in mid-April aimed at enhancing the usefulness of financial statement of not-for-profit organizations.
In Catch Me If You Can, Tom Hanks works successfully with Leonardio DiCaprio when he convinces the master grifter to turn his skills toward catching fraud rather than committing it, and that movie, not unlike many of the statements of for-profit recruiters, is based partially on true events.
"We strongly believe that the abuse of algorithms by dominant digital platforms should be of concern to every country and company seeking a fair, competitive and creative society," it said in a statement, accusing Google of profiting from "commodifying content and enabling the proliferation of flawed and fake news".
The oddity is the spate of profits warnings and statements of weak trading from substantial companies.
The original earnings statement showed profit of $629.3 million, or $2.14 a share.
Jamie Merriman, a retail analyst at Bernstein, said: "Overall, we think this is an encouraging statement of the opportunity to improve profit at Kingfisher … [but] there is nothing that addresses headcount and organisational restructuring".
"For an organization whose official statement of accomplishments as a non-profit is to "educate the public about waste and inefficiency in the government," Citizens Against Government Waste (CAGW) is spending a lot of money fighting against the Congress funding a competing engine design for a major Defense Department program.
