According to the New York Times, Greensill Capital promised a win-win for buyers and sellers, until it all fell apart, igniting concerns about opaque accounting practices.
- How much was Greensill valued at less than 2 years ago?
- Explain how Greensill’s problems extend to the U.S.
- Explain Mr. Greensill’s position in the firm as the founder of the supply chain finance company.
- What does the FASB plan to do about supply chain finance disclosures and when?
Nelson, E. , J. Ewing, and L. Alderman. (2021). The Swift Collapse of a Company Built on Debt. The New York Times, March 28 (Retrievable online at https://www.nytimes.com/2021/03/28/business/greensill-capital-collapse.html)