Yahoo surprised some by foregoing the usual conference call format when they announced their earnings results Tuesday. Perhaps this was a strategic decision on their part to avoid having to comment or answer questions on the ongoing negotiations with Verizon. The reality is that it might have been a moot point anyway since Yahoo likely can’t comment on the negotiations anyway. However this shift in their reporting practice highlights the changing dynamic in fair disclosure and how information is communicated.
In business, the term “due diligence” gets used a lot. While there can be a lot of nuance to it, at its core, due diligence means doing what is necessary to protect the company’s assets, interests, reputation and employees.
Whether their employees are momentum, technical, fundamental or swing traders, it is the responsibility of every trading firm to ensure their traders are not engaging in insider trading. We broached this subject last week when we talked about the film Ocean's 11.
I’m a sucker for heist films. The bigger the heist and more intricate the plan, the more fun the film is for me. One of the biggest capers on film was the three-casino robbery depicted in the 2001 version of Ocean’s 11, with George Clooney and Brad Pitt heading up an all-star cast.