Oral History Interviews with Richard Rogers, November 1974 Page: 95
143 p. ; 28 cm.View a full description of this book.
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Rogers
95
and a guy begins to learn his department pretty well.
And then we consolidate all those and measure that
against our known factors in the past by department,
and then those figures have to balance with our pro-
jection, so really we do the projecting. We do the
budgeting here and then confirm our budgets by having
all the departments do their budgeting individually.
And then we consolidate their budgets and see if
they're in balance with ours. Then we go back to see
why their budgets are wrong or why our estimates are
wrong. But we're always in balance.
It would be expected by many that our net income
after taxes certainly wouldn't run 40 per cent increase
over a previous 40 per cent increase year, Right?
Caruth: Right.
Rogers: In other words, a good say, "Well, they did
. . they had a 40 per cent increase in net income
last year, that's going to be difficult to compare
with." So if they compare with, say, a 25 per cent
increase in net income for 1975, that certainly . .
that averages better than 30 per cent increase in net
income last year, then they'd expect a minimum of 25
or 30 per cent this year because we're comparing with
a bad year, see. We had a very good year so we don't
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Caruth, Donald L. & Rogers, Richard. Oral History Interviews with Richard Rogers, November 1974, book, November 1974; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metadc306801/m1/97/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Oral History Program.