Record results! A shameful action by management?For perspective, here are IWG's annual results (net income) for the past seven years, starting with the just announced fiscal 2016 numbers:
F2016 = $1,512,000
F2015 = $1,282,171
F2014 = $751,022
F2013 = $969,996
F2012 = $526,310
F2011 = $270,912
F2010 = $135,423
So, IWG experienced record results, but Bruce Gowan, IWG's chairman, is quoted in IWG's news release saying, "Fiscal 2016 results were in line with the company's expectations...
Seriously?
Q: I have a question for you Bruce. Shouldn't your quote sound more like, "We are pleased to announce that IWG achieved record results this year?"
Shame on you.