 These engineering and science tech-centric
jokes, song parodies, anecdotes and assorted humor have been collected from friends
and websites across the Internet. I check back occasionally for new fodder, but
it seems all the old content is reappearing all over (like this is). The humor is
light-hearted and clean and sometimes slightly assaultive to the easily-offended,
so you are forewarned. It is all workplace-safe.
Humor #1,
#2, #3
In case you were wondering how Enron came into so much trouble, here
is an explanation reputedly given by a Colorado Aggie professor to explain it in terms his students could
understand.
Capitalism: You have two cows. You sell one and buy a
bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.
Enron Venture Capitalism:
You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by
your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get
all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an
intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all
seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one
more. Now do you see why a company with $62 billion in assets is declaring bankruptcy?
Someone e-mailed the picture to me, so I don't know it's origin. If the progenitor of
it objects, I'll remove it.
|
