After complaining about Hedge Funds dumping assets, it wouldn't be fair not also to complain about large company managements who "throw up" on the business outlook.
Look, everyone knows the possibility of a sharp downturn is out there. But, companies and individuals do not *know* that we are going to have a 'Great Depression'.
I propose that company managements refrain from .... dramatizing their negative earnings results, in the worst way. It's sufficient to say that the operating environment has been among the worst observed and the upcoming periods are highly uncertain, right?
Wednesday, November 5, 2008
Business Roundtable Leadership
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