Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: chargers Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 60  
Subject: STANDING UP FOR SHAREHOLDER RIGHTS Date: 1/26/1999 8:38 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
There is no question that many companies treat shareholders as second class citizens and this comes from first hand experience!!! I have dedicated my entire career to solely prosecuting securities fraud actions on behalf of individuals and pension and retirement funds who have lost hundreds of thousands of dollars because corporations have misrepresented their financial results, manipulated their accounting statements, or lied about their business, finances or future prospects. More egregiously, while the corporate directors have lied to their shareholders, its no coincidence that they have sold off millions of dollars of their own shares in the Company while making these false and misleading statements to its shareholders and inflating the Company's stock price. It is not until a corporate executive is put under oath and presented with internal corporate documents contradicting the positive statements that the Company publicly issued to investors, that the corporate executive begins to tell the truth. I warn all investors to take an executives' positive spin with a grain of salt, and do your homework on the Company's financial statements, because usually numbers don't lie, that is unless the Company has not "cooked the books" as we discovered with Cendant, Sunbeam, and Informix. I wish I viewed the future of shareholder rights optimistically, but with the increasing pressure to report phenomenal results, many corporations are more concerned with driving up the share price by manipulating the company's finanical results and lining their own coffers rather then disclosing the truth of the corporation's true state to the investors.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Mobileye's Growth too Hot?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement