>--- [EMAIL PROTECTED] wrote:
>
>All well and good for a company whose records make
>clear their inherent soundness. But if your financials
>are in disarray, would there not still exist the same
>comparative advantage to APPEAR open and honest while
>surreptitiously cooking the books?
>
True, but the cost of "appearing honest" is much lower when you ARE honest,
then when you're not. Fewer stories to keep straight, fewer heads to turn
the other way, etc. So companies whose books are in chaos lose on both ends
- mismanagement and the "cost of masking," if you will.
-JP
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