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A blog by someone who doesn't like or understand blogs.
A major theme of this blog is the love affair between the blogger and the city of New York.
Email me at david [at] danzig [dot] com.
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Thursday, February 27, 2003
REFRESHING CANDOR FROM TYCO.
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Normally, corporate annual reports are very upbeat, even when times are bad. The 162+ page annual report for the beleaguered Tyco International (NYSE:TYC), of which I am a stockholder, begins this way.
To Our Shareholders:
The past year was terrible for Tyco, its investors and its employees. The Company experienced a net loss of over $9.4 billion, and saw its market capitalization decline significantly. In addition to the tough economic conditions affecting most companies, Tyco faced the embarrassment and damage to its reputation resulting from disclosures about the conduct of former management.
link to this item: http://www.creamy.com/blog/2003/02/refreshing-candor-from-tyco.html
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