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.
Thursday, March 09, 2006
Open Question to SEC about Berkshire Hathaway
In the context of Reg FD I am under the belief that when there is a material event there must be fair disclosure, hence REG FD. If a major publicly traded company appoints a new President Reg FD should kick in and the new individual should be announced. Berkshire Hathaway appears to have selected a new President. Board approval has been received. The investing public is being specifically excluded from knowing who this individual is. Is this a violation of securities laws and regulation?