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Monday, February 23, 2004 9:29:10 AM
If you understand business somewhat as you say, why are you so adamantly opposed to calling for transparency in publicly traded companies?
Consider this definition of due diligence and explain to me why you disagree with the need for it: (we fall under the "equity investment" part)
Due Diligence (emphasis mine)
Due diligence is the process of examining the financial underpinnings of a corporation as one of the first steps in a pending merger, equity investment or large-scale IT purchase, with the goal of understanding the risks associated with the deal. Issues that could be reviewed include corporate capitalization, material agreements, litigation history, public filings, intellectual property and IT systems.
http://www.computerworld.com/news/2000/story/0%2C11280%2C42836%2C00.html
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