Taking a major loss on The Escapist allows Gamurs Group to take a major win on their balance sheet. I had to check to make sure Australia works the same way (edit: as the US for the whole corporate using losses to mask gains). Reporting the complete loss of The Escapist drops the tax burden, increasing total gains. Given that Gamurs was already forcing cuts, they had a plan for losing the entire operation. Unless all these people plan on not supporting a single Gamurs publication, they come out ahead.
Why am I wrong? How is the holding company going to be negatively affected? What am I missing? Or, on the other hand, is everyone missing that I’m talking about Gamurs Group which owns almost twenty different operations each with millions in revenue?
If you’re under the assumption I support what Gamurs Group is doing, you’re wrong. I think this kind of business is idiotic and fucks everything up (Jack Welch at GE is a prime example). It’s also how these holding companies operate so my opinion that customers first, employees second, shareholders third doesn’t really matter.
Taking a major loss on The Escapist allows Gamurs Group to take a major win on their balance sheet. I had to check to make sure Australia works the same way (edit: as the US for the whole corporate using losses to mask gains). Reporting the complete loss of The Escapist drops the tax burden, increasing total gains. Given that Gamurs was already forcing cuts, they had a plan for losing the entire operation. Unless all these people plan on not supporting a single Gamurs publication, they come out ahead.
Why am I wrong? How is the holding company going to be negatively affected? What am I missing? Or, on the other hand, is everyone missing that I’m talking about Gamurs Group which owns almost twenty different operations each with millions in revenue?
How do you write this and not immediately wrap yourself in a black-and-red balaclava?
Apologies I’m not following.
If you’re under the assumption I support what Gamurs Group is doing, you’re wrong. I think this kind of business is idiotic and fucks everything up (Jack Welch at GE is a prime example). It’s also how these holding companies operate so my opinion that customers first, employees second, shareholders third doesn’t really matter.