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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (50382)	2/15/2002 12:01:50 PM
From: Thomas Mercer-Hursh	Read Replies (2) \| Respond to of 54805

Not understanding the general nature of hundreds of millions of dollars of transactions hardly qualifies as the "details of the company's business" in my mind. Obviously they are aware of it at some level ... but if those millions ... out of $100 billions ... are characterized in some reasonable way ... which we can assume since no flags went up at the SEC or from the investment community ... and the company's auditors have certified the validity of those characterizations, then there is no reason to expect the Directors to know the details.