SOEs would soon learn to invest rationally and to run their operations for cash, not for paper profits.
Come to think of it, the same thing happened in 2000 when a flood of investors borrowed on their tech stock paper profits, only to see their portfolios melt when the tech bubble burst.
The Law Society stresses paper profits are not the same as actual earnings because equity partners in law firms are not paid a salary and the amounts quoted are often used to fund other parts of the business.
But Wie, carefully steered by her university professor father BJ, has known ever since she unfurled her first 300-yard drive that paper profits not realised during her amateur career will soon be forgotten once the marketing men's cheques can be banked.
BBC: The hour before school started was always a busy time for me.
According to a person knowledgeable about the Los Angeles Times' operations, Tribune is demanding that the paper increase its profits each year by 7 percent.
They told us that SCF was based not on forbidden interest and speculative paper assets, but profits through equity participation and sound investing in real assets.
While Kodak invented many of the core technologies underlying digital cameras, its management was too addicted to the steady flow of fat profits from its film, paper, and chemical franchises to risk cannibalizing it.
FORBES: Polaroid, Kodak, Apple: No One Escapes the Winds of Creative Destruction
Downing joined MyPotential in July after an embarrassing episode at the paper in which it agreed to split profits from a special edition of the Times Sunday magazine with Staples Center, the subject of the issue.
Hall and Reis note in their paper that this latter option of smoothing out profits and losses by varying dividends to the Treasury may not be possible if the Treasury decided to prevent the Fed from accumulating too much profit income without handing it over to the rest of the US government.
Many have socked away money in mutual funds or burgeoning 401(k) plans, reinvested dividends and capital-gains distributions, and piled up huge profits--so far mostly on paper.
The paper is making more than 20 percent a year in operating profits on revenues exceeding a billion dollars a year.
In 1993 he was installed, ironically, as head of its chemical division (the paper side, which contributed 90% to Ballarpur's revenues and 80% to net profits, was under cousin Vikram's charge).
Today's Scottish government discussion paper on a separate Scottish corporation tax regime reminds us the UK rate was at 52% of profits in the 1970s, before a downward trend to the current rate of 26%, and further cuts to 23% planned by 2014.
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