|
INtRA
JOKES INDEX
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.
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 BRITISH CORPORATION
You have two cows. Both are mad.
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. Sell one cow to buy a new president of the United States,
leaving you with nine cows.
|