Secret squirrels may lose their nuts
guest column
There’s nothing like fraud to concentrate attention on investor communication. Indeed, as confidence – and money – evaporated in the wake of Enron and WorldCom, previously tight-lipped managements bared their souls to investors as never before, especially if they had an imminent need of cash.
Not all are playing ball, though. On April 19, French-Swiss employment services company Adecco delayed – for the second time – the release of its 2003 results, publication of which was initially revised to
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