I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that.
More Quotes from Arthur Levitt:
While private equity will remain technically private, its actions will become the public's concern.Arthur Levitt
From my own personal experience the best CEOs that I have ever known are the ones that don't care very much about the day-to-day fluctuations of their shares.
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Sandy reacted to his times, and Chuck Prince is going to have to determine what his times are and how he should deal with that era.
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If you compensate a CEO by giving him options, he's going to do everything he can to make those options as valuable as possible.
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Over the past two decades, we have clearly seen an erosion of ethical values.
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Once again, stock markets have been threatened with extinction for almost 75 years, and I have found that stock markets are harder to kill than roaches.
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Based on Topics: Chance Quotes, Failure QuotesBased on Keywords: enron, partially, worldcom
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