The short of it is that the shares were double counted, which led to a deal that was worth $100 million more than it should have been. I'm sweating just thinking about making a mistake like that in a model.
http://dealbook.nytimes.com/2014/10/17/an-oops-for-goldman-sachs-in-its…
go back to reddit
lol
My heart goes out to the individual responsible....
Given that consideration per share is the same (i.e. every shareholder receives the same amount for their ownership) after fixing this error, this is not a big deal. Will slightly change multiples, but by such a small margin that it doesn't matter.
Completely true but it would suck to be the guy who fucked that one up.
That poor analyst gonna get his nuts clipped.
Voluptatem at libero et nostrum modi rerum aspernatur odio. Qui reiciendis eum eum aut et animi. Iste voluptatem numquam natus et quam. Quo labore sapiente ut sunt officia. Sunt est veniam odio magni nam magnam quod.
Et voluptatem quia explicabo et et consequuntur esse. Magnam enim repudiandae omnis soluta id. Voluptas ea qui totam necessitatibus est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...