My friend, Steve Henderson from Munich, sent me an addendum to the above posting:
An American Corporation: You have two cows. You sell one, and force the other to produce the milk of four cows. You are surprised when the cow drops dead.
A French Corporation: You have two cows. You go on strike because you want three cows.
A Japanese Corporation: You have two cows. You redesign them so they are one tenth the size of an ordinary cow and produce twenty times the milk. You then create clever cow cartoon images called Cowkimon and market them worldwide.
A German Corporation: You have two cows. You reengineer them so they live for 100 years, eat once a month, and milk themselves.
A Brittish Corporation: You have two cows. Both are mad.
An Italian Corporation: You have two cows, but you don’t know where they are. You break for lunch.
A Swiss Corporation: You have 5000 cows, none of which belong to you. You charge others for storing them.
A Hindu Corporation: You have two cows. You worship them.
A Chinese Corporation: You have two cows. You have 300 people milking them. You claim full employment, high bovine productivity, and arrest the journalist who reported these numbers.
Enron Venture Capitalism: You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. Sell one cow to buy a new president of the United States, leaving you with nine cows. No balance sheet provided with the release. The public buys your bull.