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Beware Diversification



December 11, 2006 – Comments (0)

Ahh, CEOs... So transparent. So utterly devoid of dignity -- sometimes.

You have to love the corporate doublespeak when the CEO of a brand-new ethanol IPO that's getting hammered by the market decides he needs to "diversify" and do estate planning.


Oh yeah, and recent research suggests that those members of management taking these plans -- which purport to mitigate the effects of trading on inside knowledge -- actually outperform like crazy, meaning they tend to be getting out while the getting is good. I'm sure it's not because of inside knowledge, of course. That would be unseemly. Like... um... backdating options... Or spring half a dozen ethanol IPOs on the gullible markets inside one year...

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