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The Exit Cafe is dedicated to helping investors and professionals of all experience levels be more aware of changes to their risk exposure and the importance of using an intelligent exit strategy to control and act upon risk.

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Jul 31, 2008

Survey: CEO Candor On the (Steep) Decline

Posted by SmartStops at 8:23 PM
Survey: CEO Candor On the (Steep) Decline
By Jessica Stillman

SmartStops comment: If you think you can rely on candid information from corporate CEOs to help you decide when to sell, forget it.

Excerpt: The Find: Top U.S. CEOs issued 21 percent more confusing and misleading statements last year than they did in 2006 — and 85 percent more than they did just five years ago.
The Source: The 2007 Rittenhouse Rankings survey. The Takeaway: Rittenhouse Rankings Inc. compiles an annual CEO Candor benchmark survey of 100 Fortune 500 companies, and this year’s results show those at the top of America’s biggest companies are increasingly unable to give a straightforward explanation of what’s going on at their companies.

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