CREDIT CARD FRAUD? WE’RE TOO BUSY BILKING SHAREHOLDERS

“Internet merchants haven’t always come out of the old catalog business, and sometimes they have little experience in business. They’re often new and often focused on IPOs and other stuff.”

Visa executive Dave Richey, on the warring priorities of the online merchants who pay his company fees to take credit cards over the Web, News.com, 24 March 2000

NO SALE IS EVER FINAL

“Revenue always comes in the last two weeks of the quarter, and that has always been understood by everyone.”

MicroStrategy CEO Michael Saylor, commenting on an accounting debacle that sunk his company’s value by almost two-thirds and forced it to restate two years of income from contracts that materialized right at the end of a quarter — or even after, The New York Times, 21 March 2000