A lot of people are wondering this morning how HSBC was able to see a rise in first quarter profits, despite rising bad-debt charges in the U.S. and a sizable writedown in its investment banking arm. The most popular theory pins the gains to higher returns in Asia, the Middle East and Latin America. DealBreaker readers who have been paying attention know that the key to HSBC’s success is far more subtle: the elimination of acronyms. Who’s laughing at asinine corporate directives now?
Earlier: We Need To Make This Thing Work. What’s The Key To Making This Thing Work? NO. MORE. ACRONYMS. If I See Or Hear One Person Not Spelling/Saying The Whole Word Out, I Will Go Carnival-Freak Crazy On Your Ass. I Mean It, I’ll Scratch Your Eyes Out.
3rd UPDATE: HSBC 1Q Profit Ahead Of 1Q07 Despite US Impairments [CNN Money]
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Apropos of nothing, I’ll tell you what should be BANNED: that supremely annoying kid spinning the CNBC sign around to advertise for the Million Dollar Challenge. Seriously, that shit is KILLING me.
LOLOMGROFLMAO
GCIB ROX!
-mrp
Hittin the sauce a little early today, eh Pink?
And by that, I mean I’m jealous, sigh…
Anal_yst:
No, not yet.. Disciplined… Still working on my own stuff, researching, etc… Still waking up at 7, stopping at 4.. I’ll drink @ 4 :)
-mrp
What??? You mean to say there are two “7s” during a day???
The Forehead Slapper
It’s 5′o clock somewhere :)
-mrp
Reminds me of a friend in “commercial real estate” (in quotes, since as far as I can tell she knows nothing about it, and never actually does any real “work”, i digress…), told me the other day alot of times someone’ll come around at 2pm with coffee mugs filled with jameson (no coffee), this, on like a random tuesday when “things are slow”…oh, to have such a job!
Commercial real estate is slow??? No way, I don’t believe it.
Son of The Forehead Slapper