Summary
An interesting analysis, which only validates a trend that cuts across other capital intensive manufacturing industries as well!
Analysis
The real issue is the senior management performance evaluation/reward system that holds out personal benefits from fudging!As long as CEOs get away with successful spins, this problem will contnue - actually should be expected. Sometimes even delaying the negative impact of problems/underperformance works because it shifts the blame to a subsequent incumbent.
This author consults with leading institutions through GLG
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
