So, are corporate officers responsible for their actions, or simply the minion of evil lawyers?
If he meant to say that, you'd think he would. But, he was spinning. He wanted to convey both the willingness to sell while projecting that there was no need to sell. If he were confident in the future, he would say "Hell no, we won't sell". So, we investors constantly have to try to interpret their 'corporate speak', because you can never take what they say at face value. Simply because there is *no* face value to what they say.
Yes, lawyers are to blame, as are silly laws that let them sue at the drop of a hat. Unfortunately, the current crop of real scandals means that fixing the laws is not currently politically correct. Throw FD into the mix, which prevents companies from saying *anything* useful, and no wonder investor confidence is so shot. |
