Selective Disclosure Series: Whispers That Roar; The End of Earnings as We Know Them; Access Denied

Number 16079
Subject Stocks And Bonds
Source Bloomberg News (New York)
State NY
Year 1999
Publication Date June 30; August 11 and December 6, 1999
Summary This three-part series investigates how a) Wall Street's "$10-million-a-year superstar analysts" reserve their true "whispers" estimates to leak to big investors and "deliberately lie" to other investors; b) "... how companies - with the approval of their accountants - are now able to understate their losses and overstate their earnings."; c) "Companies routinely disclose market-sensitive information at closed-door conferences with big investors and analysts, giving them a chance to trade first and putting small investors at a disadvantage."
Category IRE Contest Entry
Pages 122
Keywords CAR investing stock brokers brokerages First Call discrimination fraud investment bank SEC FASB GAAP Intel Blockbuster Wal-Mart ConAgra Cisco Systems equal access public information cash earnings IPO road shows
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