Comments on: The Fallacy Of Full-Disclosure http://www.businesspundit.com/the-fallacy-of-full-disclosure/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 03 Feb 2012 07:09:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rob http://www.businesspundit.com/the-fallacy-of-full-disclosure/comment-page-1/#comment-3413 Rob Wed, 26 Mar 2008 00:17:20 +0000 http://www.businesspundit.com/the-fallacy-of-full-disclosure/#comment-3413 This is a tough issue. To carry out Mike's point about slippery slopes, you could argue that drug use, sexual affairs, driving too fast, and other things need to be disclosed. My personal belief, which is entirely unsupported by anything other than personal experience, is that a good boss is building a company that will run without him/her, which makes this less of an issue. Although, in the era of the Ego-Driven CEO, I doubt many bosses are trying to build a company that makes their job unimportant. This is a tough issue. To carry out Mike’s point about slippery slopes, you could argue that drug use, sexual affairs, driving too fast, and other things need to be disclosed.

My personal belief, which is entirely unsupported by anything other than personal experience, is that a good boss is building a company that will run without him/her, which makes this less of an issue. Although, in the era of the Ego-Driven CEO, I doubt many bosses are trying to build a company that makes their job unimportant.

]]> By: Adam http://www.businesspundit.com/the-fallacy-of-full-disclosure/comment-page-1/#comment-3383 Adam Mon, 24 Mar 2008 15:36:42 +0000 http://www.businesspundit.com/the-fallacy-of-full-disclosure/#comment-3383 It is a slippery slope indeed and a challenging set of rules to manage for the SEC. Nonetheless, in my opinion it is quite duplicitous to think that the possible death of a top officer of a publicly traded company is not material. What would impact the future long-term growth potential of a publicly traded company more: a quarter of missed revenue targets or the news that a CEO risked their life with un-tested treatment techniques? As an investor, I would argue the later. Adam It is a slippery slope indeed and a challenging set of rules to manage for the SEC. Nonetheless, in my opinion it is quite duplicitous to think that the possible death of a top officer of a publicly traded company is not material.

What would impact the future long-term growth potential of a publicly traded company more: a quarter of missed revenue targets or the news that a CEO risked their life with un-tested treatment techniques? As an investor, I would argue the later.

Adam

]]> By: Mike http://www.businesspundit.com/the-fallacy-of-full-disclosure/comment-page-1/#comment-3381 Mike Mon, 24 Mar 2008 14:37:24 +0000 http://www.businesspundit.com/the-fallacy-of-full-disclosure/#comment-3381 Adam, This is a classic 'slippery slope' problem. Once you start saying companies need to disclose non-business-performance, non-regulatory requirement information, where do you draw the line? Mike Adam,

This is a classic ‘slippery slope’ problem. Once you start saying companies need to disclose non-business-performance, non-regulatory requirement information, where do you draw the line?

Mike

]]> By: Am http://www.businesspundit.com/the-fallacy-of-full-disclosure/comment-page-1/#comment-3352 Am Sun, 23 Mar 2008 18:07:54 +0000 http://www.businesspundit.com/the-fallacy-of-full-disclosure/#comment-3352 "I’m all about employee rights when it comes to personal choice" No you're not - you are more interested in worrying about if you made your two cents on a trade on AAPL stock. ma. “I’m all about employee rights when it comes to personal choice”
No you’re not – you are more interested in worrying about if you made your two cents on a trade on AAPL stock.

ma.

]]> By: Nonplussed http://www.businesspundit.com/the-fallacy-of-full-disclosure/comment-page-1/#comment-3351 Nonplussed Sun, 23 Mar 2008 17:57:07 +0000 http://www.businesspundit.com/the-fallacy-of-full-disclosure/#comment-3351 "So what should a top executive from a publicly traded company legally have to disclose?" Well, about as much as you disclose about personal cleanliness, how well you can ride a bicycle on a public highway, whether you had a sexually transmitted disease when you were younger, your IQ, how often you attend church and your ability to discern the difference between personal rights versus mawkish and exploitative sensationalism. All of these fall this side of the line governing personal rights of disclosure, whereas your question falls squarely the other side. One might also add that the sum total of human achievement has been reached by humanity striving against insurmountable odds and adversity, both general and personal. The level playing field you seek is only achievable by de-franchising those in society not blessed with wealth, opportunities and perfect health. The term for this is fascism. On this Easter Sunday, you should consider this;- 'Let he who is without sin, cast the first stone...' “So what should a top executive from a publicly traded company legally have to disclose?”

Well, about as much as you disclose about personal cleanliness, how well you can ride a bicycle on a public highway, whether you had a sexually transmitted disease when you were younger, your IQ, how often you attend church and your ability to discern the difference between personal rights versus mawkish and exploitative sensationalism. All of these fall this side of the line governing personal rights of disclosure, whereas your question falls squarely the other side.
One might also add that the sum total of human achievement has been reached by humanity striving against insurmountable odds and adversity, both general and personal. The level playing field you seek is only achievable by de-franchising those in society not blessed with wealth, opportunities and perfect health.
The term for this is fascism.
On this Easter Sunday, you should consider this;-
‘Let he who is without sin, cast the first stone…’

]]> By: Texas Banker http://www.businesspundit.com/the-fallacy-of-full-disclosure/comment-page-1/#comment-3330 Texas Banker Sun, 23 Mar 2008 01:40:38 +0000 http://www.businesspundit.com/the-fallacy-of-full-disclosure/#comment-3330 Just to be clear: "A" top officer can't be a "they." "A" top officer can be a "he" or a "she", but not a "they". Now, "officers" are "theys". Similarly, for "a" top officer, it can't be "their" health. The English language allows us to be wonderfully precise and to avoid incorrect references. Your article is a good one, but poor use of grammar detracts. Just to be clear: “A” top officer can’t be a “they.” “A” top officer can be a “he” or a “she”, but not a “they”. Now, “officers” are “theys”. Similarly, for “a” top officer, it can’t be “their” health. The English language allows us to be wonderfully precise and to avoid incorrect references. Your article is a good one, but poor use of grammar detracts.

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