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" ... One other thing that I am endlessly grateful for I learned from Susan (the founder of ModCloth). I was lucky to work closely with her when I was leading a private label. During that time, Susan taught me what it truly means to put the customer first. She had a zero-tolerance policy for poor quality and for omitting details from styles that she knew a customer would always want (like pockets!). It is expensive to discontinue a poor-quality product, and it is expensive to add pockets to a design. But Susan was relentless in explaining that your trust with your customer is all that you have, and every business decision must be made honoring that trust. That attitude extended beyond customers to her employees as well. ... "
" ... Our own research over several years shows that a majority of companies do not calculate their cost of downtime. Those who claim they do, seriously underestimate downtime costs by omitting major cost contributors from their calculations such as the revenue lost during downtime. ... "
" ... “Currently held beliefs about how accounting fraud is typically perpetrated may be incorrect, or at the very least, incomplete,” says Hamilton. Broadly, earnings can be boosted by fraud in two ways. On one hand, corporate managers can be proactive and record fake revenue or accelerate revenue recognition. On the other hand, managers can take no action, such as omitting or delaying expense recognition, to achieve their aims. The existing data on fraud suggest that most frauds are of the active variety and typically involve overstatements of revenue. ... "
" ... • A skinny deal omitting $1200 stimulus checks (50%). Bullish momentum sustained. ... "