GREY:IPHAF - Post by User
Comment by
biodelatechon Jun 22, 2007 4:45pm
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Post# 12986903
RE: Pretty Sad way to run a company
RE: Pretty Sad way to run a companyUS listing is bad for shareholders.
the SEC tends to indirectly punish (= stock gets hammered ) companies for misconduct of management,
instead of going solely after the managers.
misconduct needs to be punished, but without any harm to the shareholders.all these class actions against companies by former stockholders are insane. why not sue the managers?
A company and its current shareholders are always innocent. only managers break the law. The SEC , to my mind, doesn`t give a damn about this distinction.
So an US listing is utterly undesireable .