Tuesday, May 09, 2006

Thomson Corp Annual Report Faux Pas

Thomson (NYSE:TOC)held their annual meeting last week. Attending shareholders pointed out some embarassing bafflegab on page two of the annual report. Clearly a mistake of the inadvertent variety. CEO Richard Harrington when called to task attempted to brazen it out with more verbal nonsense about geographical expansion. The attempt was laughable. I worry about the executive ego that cannot admit to an obvious mistake. Truth and integrity go a long way to creating shareholder value. Treating an individual investor with contempt and disdain worries the hell out of me.