Derivatives cannot hedge derivatives for accounting purposes -- now or under FASB 133, ... Does Dave [Duncan] think his accounting works even under FASB 133? No way.
"Carl Bass" is president and chief executive officer of Autodesk, Inc., a maker of professional 3D design software and consumer applications, and was a co-founder of Ithaca Software, which commercialized HOOPS 3D Graphics System/HOOPS, a 3D graphics system. Bass has been credited with expanding Autodesk beyond its core AutoCAD software through acquisitions and new product developments and transitioning from 2D to 3D model-based design.
More Carl Bass on Wikipedia.Doing this is a complicated dance, since no two employees take feedback in the same way.
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