Jeff was pretty good Snoops but things started going down hill when he started using the adjusting/normalising trick to smooth profits and then went down the ‘legacy issues’ path

Adjusting/normalising to make profits look good ….legacy issues were stuff ups he didn’t get around to fixing.

Echos of Ross Taylor at Fletchers eh

Might look back to remind myself what happened to GE when the master of profit smoothing left in Jack Welch left and they reverted to proper reporting.