Comment by nostrademons
17 hours ago
I have a friend who left BigCo and then rejoined it as a contractor, plus some additional employees that he manages now. He cynically says "My job is to convert OpEx to CapEx when the finance department tells some director they can't have more headcount."
The same way cloud is about doing the exact opposite.
Understanding a bit of accounting / corporate finance opened my eyes to many things.
How is hiring a contractor Capex?
>the finance department tells some director...
Don't shoot the messenger. The finance department is implementing the board's policy.
Because they will work on new projects, which are considered as CAPEX.
Basically big4 and accounting firms fucked worldwide organizations.