NEW POLICIES
We had a meeting last week. It lasted well into the night. I wouldn't say it was an emergency, but they wouldn't let us go home until we hammered out some new policies relating to asset management. This meant we had to first place a value on everything in our departments, both tangible and intangible. The tangible part was easy for me. We don't have a capital heavy department. It's mostly intellectual items and brand items. But placing a value on those things was harder than I thought. I had to reach back into over 15 years of annual reports and look at hard numbers. Then I had to extrapolate the value based on how the company has grown. But, I had to take into account the debate as to whether the brand items I'm responsible for has been the engine for value for the company, or the other way around. After awhile the numbers were making my head spin. Luckily Joe came along and we took a long lunch. We didn't talk business at all. I had some pasta though. Big mistake. I felt like sleeping when I got back to my cube. I did kick back and close my eyes, and then a better way of calculating the value came to me.