Quote:
Originally Posted by pilotbob
No, I meant the part about a "fiduciary responsibility"... that is due to the SEC and being a "public" company... not due to being a "big" company.
|
Not just due to the SEC, though publicly held status imposes certain legal reporting requirements.
Even privately held companies have investors, who expect to make money, and will have hard questions for the CEO and his team if they don't think their funds have been invested as well as they could have been.
That dirty laundry simply isn't aired in public.
______
Dennis