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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: pater tenebrarum who wrote (72165)10/27/1999 3:45:00 PM
From: BGR  Read Replies (1) of 86076
 
Heinz,

I think that it is unfair to say that any bearish advisors were silenced in Wall Street. The main job for an advisor is to make money for his/her clients, and bearish advice (at the market level and not individual equity or sector level) hasn't made much money for a long time now. When a company doesn't make money following the strategy that the CEO considered prudent, and the Board evicts the CEO, would you then posit that the Board silenced the CEO? Personally, the farthest I would go is to posit that the Board may not have appreciated the long term benefits of the failed strategy.

-BGR.
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