Complex financial engineering is one sign of trouble. If you need a PhD to understand an company's investment or a company's balance sheet then they are probably best avoided (both the investment and the company).
Or what do you think?
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"Does Financial Engineering provide any tangible benefits?"
Depends on which side of the transaction you are on, LOL!
Of course it might all be "fugazzi" too... :-D
"Complex financial engineering is one sign of trouble. If you need a PhD to understand an company's investment or a company's balance sheet then they are probably best avoided (both the investment and the company).
Or what do you think?"
Completely agree... accountants should be making things clearer... not otherwise.
It provides a significant benefit to Senior Management by enabling them to "pump & dump" their stock option grants.
There is not much in this electronic world that is tangible.
I think we used to call that "ENRON."