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Archive for the 'PR Spin' Tag

A lesson in disclosure at Wright Medical Group…

Tuesday, May 10th, 2011

If ever a company illustrated the value of reading SEC filings — as opposed to just their press releases — it may just be Wright Medical Group (WMGI). And we don’t mean that in a good way. By way of background, Wright Medical is an orthopedic medical-device maker that last fall settled [PDF] a U.S. [...]

Meet the new Goldman, same as the old…

Monday, April 4th, 2011

Even when you’re doing “God’s work,” it turns out, a little deft marketing is in order. Goldman Sachs (GS), of course, put out its annual proxy filing on Friday afternoon, cordially inviting shareholders to a morning of procedural formalities and largely predetermined balloting. True to form, the dollar figures in the summary compensation table are [...]

Spinning hidden meanings at Walgreen …

Tuesday, June 29th, 2010

Companies have to disclose all kinds of things to investors. Companies dearly like to spin those disclosures to seem as positive as possible. In a pinch, guess which impulse wins out? Look no further than Walgreen Co. (WAG) the big pharmacy and drug-store chain, which filed a quarterly report with the SEC on Friday that [...]

On Whitacre taking on GM…

Wednesday, June 10th, 2009

Yesterday’s announcement that Ed Whitacre would take the reigns of “the new GM” (GMGMQ) kind of caught me by surprise. Here’s a snip from the press release: “The appointment of Ed Whitacre as chairman represents a very auspicious beginning for the New GM,” said GM Chairman Kent Kresa. “We look forward to working with him [...]

On M&A math…

Tuesday, June 9th, 2009

Whenever a deal is announced — and a bunch of them have been lately — there’s the inevitable press release that talks about synergies and how the deal is going to enhance shareholder value. Indeed, that’s pretty much a mandatory sentence. But things don’t always turn out as planned when it comes to M&A, or, [...]