Monday, June 05, 2006

Car Trouble

I'm seeing the level of investigative reporting on the business beat moving up a few notches in the post-Enron journalism world. A case in point is "A Look at the Books" by Jennifer Dixon in Sunday's Detroit Free Press. Dixon used SEC records and court papers to show how General Motors used improper accounting practices to inflate its income in four of the last six years, giving investors an inaccurate view of its true financial health. Dixon does a nice job of talking to outside experts to put GM's actions in perspective. She and her Free Press editors deserve credit for not being afraid to challenge the big boy in town.


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