Klarinet Archive - Posting 000459.txt from 2003/02

From: Bill Hausmann <bhausmann1@-----.net>
Subj: Re: [kl] company acquisitions? Oy.
Date: Sun, 16 Feb 2003 12:16:48 -0500

At 07:53 AM 2/16/2003 -0800, Neil Leupold wrote:
>MBA 101 "Case" study:
>
>1. General statement on management wisdom. Looking at the fun-house
>mirror effects of financial
>reporting policy -- as a method for measuring the strength of an
>enterprise -- is the sort of
>approach to management that enables a CEO to throw himself a
>congratulatory party while his
>company's stock goes down the toilet. 10-K's and balance sheets don't
>tell the whole story.
>Managers and investors alike need to get their heads up out of the numbers
>in order to
>successfully steer and evaluate a company.

I'm not so sure that is quite exactly where the managers' heads have been,
but they do certainly need to be removed from where they are. ;-)

Bill Hausmann

If you have to mic a saxophone, the rest of the band is TOO LOUD!

---------------------------------------------------------------------