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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks B / Brookfield Corporation (BN)
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Author: Baybrooke ✸  😊 😞
Number: of 579 
Subject: Re: FT questions transparency of accounting
Date: 03/07/25 3:07 AM
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No. of Recommendations: 5

Below is some information about the author of the FT article. Looks like he has a lot of credibility as an investigative financial journalist.

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Dan McCrum, best known for his investigative journalism that exposed the Wirecard scandal, one of the biggest financial frauds in European history, is starting to ask critical questions of another company. This time it's Canada's Brookfield, an investment manager with nearly $1 trillion in assets.

McCrum's latest longform piece notes that Brookfield has drawn scrutiny for its complex financial practices, including internal transactions that bolster its reported earnings.

As a journalist for the Financial Times, McCrum spent years uncovering fraudulent activities at Wirecard, a German payments company once valued at over $24 billion.

His reporting then revealed that Wirecard had fabricated profits and engaged in widespread financial misconduct, ultimately leading to the company’s collapse in 2020. His work faced intense pushback, including legal threats and surveillance, but was later vindicated when Wirecard's CEO was arrested.

zerohedge.com - Trillion labyrinth canadas brookfield questioned fts dan mccrum self dealing complex

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Dan McCrum is a member of the Financial Times investigations team. His reporting on Wirecard has been recognised with prizes from the London Press Club, the Society of Editors, the New York Financial Writers' Association, the Overseas Press Club, and the Gerald Loeb awards. He was also awarded the Ludwig Erhard Prize for economic journalism, a Reporters Forum Reporterpreis and a special award by the Helmut Schmidt prize jury for investigative journalism. In 2020, he was named Journalist of the Year at the British Journalism Awards.

goodreads.com: Dan McCrum (Author of Money Men)

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This community has written 574 posts about Brookfield Corporation. The article-length ones it recommended most:
BN fair value · 26 recs · 2023
Lotta talk, not much action · 21 recs · 2023
Plan value versus price · 20 recs · 2024
Convergence · 19 recs · 2023
Value versus price · 15 recs · 2024
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