> Agreed. I'm sure more information will come in time, but I'm also > sure that 100% of the people (possibly including you!) will never > be satisfied.
I would rather say that 95% of the retail investors is too easily satisfied. The only information they want to see is whether the stock is going up or down. That's why you get these stock crazes where stocks go up because they are going up, self-fulfilling prophecy, just fueled by the greed of the small investors and by the comments on CNBC... until everything collapses. Only 5% investors (like me) really look at the numbers that are published. > Others (including me!) will say that knowing who > Kenny Boy Lay is didn't help Enron shareholders very much... Well, it certainly didn't hurt. It is more an indirect advantage, knowing the names of the management also their personal reputation is at stake, and they can be held liable when really gross fraud /theft would be taking place. Really, the company releasing verified information to its shareholders is not a question of regulation, it is a question of realising more shareholder value. A transparent company is perceived as more safe by the investing public, so they are willing to pay more for such shares. That benefits both the private owners and the public shareholders (who doesn't want to see his shares rise in value?). The company management is simply serving its own interest by giving as much reliable information to the stockholders as possible. When a management chooses not to do so the question arises why? Because they want their shares to sell at lower prices??? Several independant observers warned that something was badly wrong at Enron more than a year before it collapsed. Simply because they analysed the books and saw that very strange tricks were being used to keep the books in balance (and show profits..). But nobody listened, because the stocks were rising and all the rest didn't interest them. Danny --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
