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.
Wednesday, January 11, 2006
Apollo Group (Nasdaq:APOL) Fast Shuffle in Executive Suite
Apollo Group (Naasdaq:APOL) in todays press release well after market close announces a new president and offers up the usual superlatives. One sentence does bother me. The old president resigned as both officer and director. Old presidents usually stay on the board to offer counsel and advice. The executive suite shuffle seems a little fast and furious. Oh by the way there is also a new interim executive chairman of the board. This does not sound like a smooth transition.