Profits from asset revaluation? - to make themselves Number 1?

Looking forward to the future of business

A business firm by a Filipino billionaire this post believes, used financial accounting magic (ledgermain) to post up his business to have earned P1trillion in profits.  While this may be legal and in accordance with GAAP, comparison with other companies can not be held acceptable:   all ready comparing apples and oranges.  Sales revenues as against asset revaluation.  And the business owner has to pay taxes on unrealized gain.  

The question is:   can you sell the properties at the published prices in the asset revaluation:    P200,000 memorial park plots anywehre in the Philippines..   X amount (hundreds of thousand pesos/sm at Villar city

What did the billionaire gain by revaluation?   Holding himself in high esteem in the business community?  Did he creeate wealth for others?  Did he create jobs?  Did he improve the econnomy?

Maybe we could do the same to our inventories and declare ourselves billionaires.  ?

Rappler on MVillar insane 2024 trillion profit

Do we need CEOs or billionaires; drivers, cashiers, operators can create wealth without CEOs - is this true

Looking forward to the future of business

There was a post at a social media that says that the real creators of wealth are the thousand toiling hard working drivers, cashiers operators, and we hardly need the billionaires and CEOs who run the company.  They are an added cost.   The post generated a lot of controversy and conversation.   

Those who understand business say that the one who has idea started it all, saw the opportunity and created a product or service for that need.   Drivers and cashiers on their own, can not have thought about the product and business, and the wealth of the starters the entrepreneurs is the reward for that innovation and hard work they put into this.

Those who are simply anti business say that the huge salary paid to the CEO and the wealth they have is immoral.  

Its not because this post is an entrepreneur or heads a business.

But I know of case where the bosss, who was tired, and decided to work again for a boss, gave away the sort of truck for a burger machine type of business 300 of them in all to his workers so that they will run the same as a business and be rich too.  In 6 months, the business was gone.  On their own, without direction, without leadership, a business cant be sustained.    A CEO a billionaire is a necessayr fixture in the business models.  No CEO, no leader, no business.  Period       

Forbes Real-Time Billionaires

See their roller coaster ride. Losing tens of millions and hundred millions thre
	Forbes Real-Time Billionaires Source: forbes.com Track the biggest gains and losses of the day for the major holdings of a select group of billionaires.

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