TRADITIONAL CAPITALISM
You have two cows. You sell one and buy a bull. Your herd multiplies,
and the economy grows. You sell them and retire on the income.
ENRON VENTURE CAPITALISM
You have two cows. You sell three of them to your publicly listed
company, using letters of credit opened by your brother-in-law at
the bank, then execute a debt/equity swap with an associated general
offer so that you get all four cows back, with a tax exemption for
five cows. The milk rights of the six cows are transferred via an
intermediary to a Cayman Island company secretly owned by the
majority shareholder who sells the rights to all seven cows back to
your listed company. The annual report says the company owns eight
cows, with an option on one more. The public buys your bull.
AN AMERICAN CORPORATION
You have two cows. You sell one, and force the other to produce the
milk of four cows. You are surprised when the cow drops dead.
A FRENCH CORPORATION
You have two cows. You go on strike because you want three cows.
JAPANESE CORPORATION
You have two cows. You redesign them so they are one-tenth the size
of an ordinary cow and produce twenty times the milk. You then create
clever cow cartoon images called Cowkimon and market them World-Wide.
A GERMAN CORPORATION
You have two cows. You re-engineer them so they live for 100 years,
eat once a month, and milk themselves.
A BRITISH CORPORATION
You have two cows. Both are mad.
AN ITALIAN CORPORATION
You have two cows, but you don't know where they are. You break for
lunch.
A RUSSIAN CORPORATION
You have two cows. You count them and learn you have five cows. You
count them again and learn you have 42 cows. You count them again
and learn you have 12 cows. You stop counting cows and open another
bottle of vodka.
A SWISS CORPORATION
You have 5000 cows, none of which belong to you. You charge others
for storing them.
A HINDU CORPORATION
You have two cows. You worship them.
A CHINESE CORPORATION
You have two cows. You have 300 people milking them. You claim full
employment, high bovine productivity, and arrest the newsman who
reported the numbers.
A NEW ZEALAND CORPORATION
You have two sheep. That one on the left is kinda cute...
You have two cows. You sell one and buy a bull. Your herd multiplies,
and the economy grows. You sell them and retire on the income.
ENRON VENTURE CAPITALISM
You have two cows. You sell three of them to your publicly listed
company, using letters of credit opened by your brother-in-law at
the bank, then execute a debt/equity swap with an associated general
offer so that you get all four cows back, with a tax exemption for
five cows. The milk rights of the six cows are transferred via an
intermediary to a Cayman Island company secretly owned by the
majority shareholder who sells the rights to all seven cows back to
your listed company. The annual report says the company owns eight
cows, with an option on one more. The public buys your bull.
AN AMERICAN CORPORATION
You have two cows. You sell one, and force the other to produce the
milk of four cows. You are surprised when the cow drops dead.
A FRENCH CORPORATION
You have two cows. You go on strike because you want three cows.
JAPANESE CORPORATION
You have two cows. You redesign them so they are one-tenth the size
of an ordinary cow and produce twenty times the milk. You then create
clever cow cartoon images called Cowkimon and market them World-Wide.
A GERMAN CORPORATION
You have two cows. You re-engineer them so they live for 100 years,
eat once a month, and milk themselves.
A BRITISH CORPORATION
You have two cows. Both are mad.
AN ITALIAN CORPORATION
You have two cows, but you don't know where they are. You break for
lunch.
A RUSSIAN CORPORATION
You have two cows. You count them and learn you have five cows. You
count them again and learn you have 42 cows. You count them again
and learn you have 12 cows. You stop counting cows and open another
bottle of vodka.
A SWISS CORPORATION
You have 5000 cows, none of which belong to you. You charge others
for storing them.
A HINDU CORPORATION
You have two cows. You worship them.
A CHINESE CORPORATION
You have two cows. You have 300 people milking them. You claim full
employment, high bovine productivity, and arrest the newsman who
reported the numbers.
A NEW ZEALAND CORPORATION
You have two sheep. That one on the left is kinda cute...
