Earnings Before I Tricked Dumb Accountants (EBITDA); Teggamacio

Bapopik at AOL.COM Bapopik at AOL.COM
Fri Aug 23 02:39:07 UTC 2002


EARNINGS BEFORE I TRICKED DUMB ACCOUNTANTS (EBITDA)

   From today's NEW YORK POST, 22 August 2002, pg. 34, col. 4:  "The new
deifintion of EBITDA:  Earnings Before I Tricked De Auditors."
   I've also seen "Earnings Before I Tricked Dumb Accountants."
   See the below, from a web site.  It's missing NAV (Net Asset Value)=Normal
Andersen Valuation., but it's got the big ones:

Important new accounting abbreviations
03-jul-2002
Accountants Australia-wide are receiving an email announcing important new
industry standard definitions.

Post-Enron and WorldCom, it advises that the following will now be the
accepted standard industry definitions for these financial abbreviations:
EBIT : Earnings Before Irregularities and Tampering;
CEO: Chief Embezzlement Officer;
CFO: Corporate Fraud Officer;
MD: Maker of Disasters;
PE: Parole Entitlement;
EPS: Eventual Prison Sentence;
ASX: Auditors Secret X-File;
NASDAQ: Need A Strong Defence And QC; and
EBITDA: Earnings Before I Tricked Da Auditor.

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TEGGAMACIO

   From Robert Sietsema's "Counter Culture" column in the VILLAGE VOICE,
August 21-27, 2002, pg. 78, col. 2:

   I've been circumnavigating lakes Trasimeno and Chiusi--the first in
Umbria, the second just across the Tuscan border--seeking out a regional
cuisine that has eluded American cookbook authors and chefs.
(...)(Col. 3--ed.)
   Teggamacio (8 euros) is another lake-district classic, the Umbrian answer
to bouillabaisse.  Toasts are smeared with garlic and inundated with a thick
red catch-of-the-day stew, which on one visit included eel, perch, and pike.
Though wrestling with the tiny bones is no fun, the taste is right on.  While
smallish eels are thrown into the teggamacio, the larger specimens are served
as fillets that are, not surprisingly, brushed with oil and roasted in the
wood-burning fire.  The rich white flesh is smoky and oily and tastes
engagingly of mud.  One bite and you'll never crave sushi-bar eel again.

(Eluded American cookbooks and chefs?  This is the only "teggamacio" hit on
Google!  This story!...Wasn't "teggamacio" in those KARATE KID movies?---ed.)



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