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I gave you the wrong revenue number.
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There is nothing wrong with revenue maximization, of course!
If his optimism proves wrong, and revenues remain depressed, though, more cuts loom.
The government has got its sums wrong about revenues from the financial sector before, points out Robert Chote, director of the Institute for Fiscal Studies, a think-tank.
Even if we are wrong about a revenue miss, we believe that cash conversion in the fourth quarter was very poor.
If the company gets it wrong, billions in revenue will fall away.
"There's nothing wrong with lower revenue," he said.
James Houghton told me, "I said to Tom, 'Timing is everything, and you joined at just the wrong time.' " Revenues from other sources also have diminished.
They are not wrong about the revenues — in 2014, the men's tour made $37.4 million more than the women's tour — but there are reasonable arguments for the women, too.
Clearly, the corporate "tax reform" agenda needs to be stopped because it would take us in the wrong direction, reducing revenues America needs, and encouraging (with their territorial plan) off-shoring of jobs and profits.
"It became a very focused effort to get revenue the wrong way," Mr. de Blasio said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com