Check Out Of Starwood Before Off-Balance Sheet Loophole Closes

By exploit­ing the off-balance sheet oper­at­ing lease loop­hole, Star­wood Hotels & Resorts Worldwide was able to omit nearly $1 bil­lion in debt from its balance sheet in 2010, $200 mil­lion (20% of the total) of which was added in 2010.

Source: http://blogs.forbes.com/greatspeculations/2011/07/13/check-out-of-starwood-before-off-balance-sheet-loophole-closes/

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