HIP Investor in Huffington Post “Let’s Value People as an Asset”

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October 28, 2011 Huffington Post | R. Paul Herman and Tom Bowmer
Let’s Value People as an Asset, and Bring Financial Statements into the 21st Century

What is your organization’s most important asset? CEOs often respond that the organization’s people are its greatest asset. But if this is true, where are people accounted for in the financial statements? Today, people are generally classified as expenses on the income statement and liabilities on the balance sheet — not as an investable asset. Thus, when CEOs seek to increase profit, they cut costs — like people — rather than investing in assets — like people — that can appreciate. (Co-authored with Tom Bowmer of HIP Investor Inc.)

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