InvestorsHub Logo
Followers 48
Posts 8459
Boards Moderated 5
Alias Born 07/26/2008

Re: Mac-A-Million post# 45629

Sunday, 06/08/2014 7:49:32 PM

Sunday, June 08, 2014 7:49:32 PM

Post# of 140289
It's not so much that they cherry pick which questions to answers, CEOs are going to tell people what they want to hear. Believe it or not, that's part of their job description. They want to attract investors and painting a rosy picture is the best way to do that. Of course they are going to tell us everything is on the up and up. Just look at Enron. It was a company into the multiples of billions up until the point where it fell off the face of the earth. And even then, when it imploded, the CEO said he had thought things were going well. Plus, we can't always believe the quarterly reports either as these can be cooked. So, in the end, it's about the perception and the better a CEO can make it look colorful, the more successful things will look from an investor's point of view. The point is, if a CEO were to tell everyone the real gory details, he would not be a CEO for very long and probably never again.

imo