May 1, 2002

silhouette3.JPG From the desk of Jane Galt:

Vivendi's just revealed an enormous

Vivendi's just revealed an enormous off-balance-sheet liability that may come to hundreds of millions of dollars from -- yup! -- trading options.

Which means, I think, that we're not out of the accounting woods yet.

Posted by Jane Galt at May 1, 2002 7:48 AM | TrackBack | Technorati inbound links