Sunday, June 10, 2012

On The Unfrugal CEO

Study: Companies run by ostentatiously wealthy CEOs more likely to perpetrate fraud - The Washington Post: "Companies run by unfrugal CEOs are significantly more likely to engage in large acquisitions, to invest less in long-term organic growth, to operate assets in place less efficiently, to generate inferior subsequent accounting and 34 stock return per dollar of corporate investment, and to go bankrupt, suggesting a pattern of low frugality with regard to the stewardship of corporate resources. "

'via Blog this'

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