Zero Hedge
In a day and age in which corporations rule the world, the brutal Al-Qaeda spin off known as ISIS is learning from the best, and as part of its credentialising and image-building has done something only major corporations do at the end of every year: it has issued annual reports for the past 2 years (unaudited, unless Ernst & Young has quietly upgraded from "massaging" the books for Lehman's Repo 105 and, of course, the New York Fed, without our knowledge).
That's right: as the FT reported earlier, "Since 2012 the Islamic State of Iraq and the Levant, (known as Isis) has issued annual reports, outlining in numerical and geographical detail its operations – the number of bombings, assassinations, checkpoints, suicide missions, cities taken over and even “apostates” converted to the Isis cause."
But while publicly traded corporations focus more on revenues, margins, and profits, ISIS has other key considerations:
Why yes: below are the "investment highlights" pages from ISIS' 2012 and 2013 annual reports:
Read more
In a day and age in which corporations rule the world, the brutal Al-Qaeda spin off known as ISIS is learning from the best, and as part of its credentialising and image-building has done something only major corporations do at the end of every year: it has issued annual reports for the past 2 years (unaudited, unless Ernst & Young has quietly upgraded from "massaging" the books for Lehman's Repo 105 and, of course, the New York Fed, without our knowledge).
That's right: as the FT reported earlier, "Since 2012 the Islamic State of Iraq and the Levant, (known as Isis) has issued annual reports, outlining in numerical and geographical detail its operations – the number of bombings, assassinations, checkpoints, suicide missions, cities taken over and even “apostates” converted to the Isis cause."
But while publicly traded corporations focus more on revenues, margins, and profits, ISIS has other key considerations:
Wait... are you serious?In 2013 alone, the group’s report claimed nearly 10,000 operations in Iraq: 1,000 assassinations, 4,000 improvised explosive devices planted and hundreds of radical prisoners freed. In the same year it claimed hundreds of “apostates” had been turned.
Why yes: below are the "investment highlights" pages from ISIS' 2012 and 2013 annual reports:
Read more
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