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To: Chode

If the purchases he made drove oil to a record, when they sold it by definition they sold it for less than they paid.

The odd think about this story is that the company apparently has such loose controls that an employee without authorization has access to $.5B in company money.


13 posted on 09/30/2012 12:14:37 PM PDT by Sherman Logan (Perception wins all the battles. Reality wins all the wars.)
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To: Sherman Logan
i guess i'd like to see the price they sold it for... and if they did lose money, it prolly went on the books as a loss and a write off on their taxes, yes?

somehow i doubt they actually lost money just some profit

14 posted on 09/30/2012 12:21:41 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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