# Professor Eli Bartov discusses Peabody Energy's reclassification of its debt

1 Faculty News September 28, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/articles/2016-09-28/it-s-paul-singer-versus-citigroup-in-high-stakes-bankruptcy-feud) -- "In the Peabody battle, the firms’ methods are on full display. [Eli Bartov](http://www.stern.nyu.edu/faculty/bio/eli-bartov), an accounting professor at New York University’s Stern School of Business, said he found it unusual for investors to lobby a company for an accounting change. 'Management alone is responsible for accounting,' he said."

[Read more](http://www.bloomberg.com/news/articles/2016-09-28/it-s-paul-singer-versus-citigroup-in-high-stakes-bankruptcy-feud)