Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Tuesday, December 20, 2005
Caterpillar Leaves You Hanging
Director resignations leave something lacking. When a Director is appointed to the board a glowing press release is issued outlining all the fantastic qualities an individual has. When a director resigns the corporate noise machines go silent and a form 8K is filed with the SEC. Rarely if ever is a reason given. If there are reasons why a director goes on the board there are reasons why they leave. Investors should know both. So today when Caterpillar Inc announces Mr. Gordon Parker will be leaving they should say why. Directors on Boards are subject to scrutiny.