Erik Sherman
Fortune
Northfield, MA, United States
Contact Erik
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Recent articles by Erik:
Minding the GAAP: companies are using a wider range of accounting metrics to inform investors—and sometimes mislead them
In 1996, only 59% of examined companies showed non-GAAP metrics in their earnings reports. By 2018, that grew to 97%. → Read More
Boeing’s latest setback may cause a hit to GDP—and a ripple effect through the broader economy
The contribution Boeing makes to the broader economy is a much bigger deal than many people realize. → Read More
How much further can stocks climb before markets encounter the dreaded ‘blow-off top’?
Higher prices and optimism could pull all the extra money into stocks and cause a drop. → Read More
We asked 6 experts to parse the China trade agreement. Here’s what the U.S. won (and lost)
While the U.S. won on general principles, it fell short on enforceable practical gains. → Read More
Why Boeing shareholders are sticking with the beleaguered plane maker—for now
For Boeing, the flow of bad news seems unrelenting. But the share price is stable. Here's why. → Read More
Is This the Toughest Job in America?
David Calhoun is heir to one of the biggest messes, not only in Boeing's history, but in modern business. → Read More
Short-Sellers Took on Elon Musk and Tesla in 2019 and Lost
A run-up in share prices adds $10.1 billion to Elon Musk's net worth and punishes short-sellers. → Read More
How Laws Meant to Close Tax Loopholes May Open Them Even Wider
The recent unwinding of the "Double Irish, Dutch sandwich" a controversial tax mechanism that helped multinationals reduce their tax bill, hardly ends the practice of shopping around for loopholes. → Read More
That Great 2019 S&P Rally? It Has Big Warning Signs for 2020
Shock to the financial system could upend progress for a lot of companies. → Read More
A New Report Claims Big Tech Companies Used Legal Loopholes to Avoid Over $100 Billion in Taxes. What Does That Mean for the Industry’s Future?
A new study suggests that the so-called Silicon Six may have avoided more than $155 billion in taxes over ten years. → Read More
This Coming Tax Season Could Be Particularly Bad For Low-Income People
The IRS has been focusing on auditing poorer people getting the Earned Income Tax Credit, making them more likely to be audited than someone making $400,000 a year. → Read More
The Fed’s Repo Market Bailout Is a Sign of Deeper Problems—That Are Getting Worse Over Time
According to a report one firm provided Fortune, overnight rates have breached the upper Fed rate an average of once a month since 2018 and spikes have grown larger over time. → Read More
How the Impeachment Process Could Impact the Stock Market
"For impeachment to matter, there would have to be a realistic story that would lead investors to believe that there would be an actual change in power," notes one analyst. → Read More
3 Ways WeWork Board Members Can Pressure CEO Adam Neumann to Step Down
The CEO is powerful—but the Board has several possible avenues through which to apply pressure. → Read More
Recession Watch: The Yield Curve Suggests Some Worry About the Economy Has Passed
The 'smoothing' of the yield curve indicates recession fears are abating, at least a bit. → Read More
Trump Wants Negative Rates Now–and It Could End Up Costing You
Negative interest rates could drive up banking fees, and depositors already know what they're getting out of it: dismal returns. → Read More
WeWork’s Options for Raising Cash Are Narrowing Fast Ahead of Its IPO
The drama surrounding its IPO has even affected WeWork's bond prices. "It means they won't be able to borrow money [easily or cheaply] as a private company," says one analyst. → Read More
Is the U.S. Economy Heading for Recession? Even in Trump Country They’re Getting Worried
America's manufacturing sector is beginning to see signs of 2008 all over again. → Read More
Uber Could Save Billions in Taxes With This Little-Noticed Move
A line tucked away in the ride-hailing company’s latest tax filing could lead to billions saved—if it ever turns a profit. → Read More
WeWork Is Only Making its Image Problems Worse by Trying to Control the Narrative, Say Critics
"I think it's going to make people dig and dig and dig more, which isn't good when you have an IPO coming," says one analyst. → Read More