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Strategies & Market Trends : Paint The Table

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To: MulhollandDrive who wrote (12799)	2/4/2002 7:25:43 PM
From: Original Mad Dog	Read Replies (2) of 23786

The word that comes to mind is arrogant. F the shareholders....we are gonna spend $8B buying all sorts of sh*t, and we are gonna do it in such a way that they aren't gonna be able to tell exactly what is going on. The more astute among them might notice that the cash is depleting despite strong cash flow, but most of them won't pay attention. These execs need a few weeks at the beach to contemplate whether they might be running the company for the benefit of the shareholders (gee, what a radical concept) instead of as their own little plaything. Why were they afraid of telling the truth? They concentrate on defending the transactions as "nonmaterial" (collectively they were material, but never mind). Where is the focus on being upfront about what they are doing? Corporate ethics is about to become a big watchword throughout industry.

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