Why can’t CEO’s use Web sites/blogs to disclose things?
The rules for corporate disclosures are pretty damn weird. Especially given that things on Digg/Slashdot/Tech Crunch/GigaOM/ZDNet/TechMeme/Tail Rank go around the world faster than anything else I’ve seen.
Jonathan Schwartz, CEO of Sun Microsystems, is working to change that. I hope he does. Seems to me that putting things up on a blog gets disclosure out there to more people than a phone call (quick, what’s the number for one of those disclosure phone calls — if you don’t know and you’re an investor in Sun, aren’t you being discriminated against?)
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October 2nd, 2006 at 6:51 pm
[...] Link to Scobleizer: Why can’t CEO’s use Web sites/blogs to disclose things? [...]
October 2nd, 2006 at 8:00 pm
Sun’s Q1 FY07 Earnings Release will be on Thursday, October 26th, 2006. The conference call will be at 1:30PM PT. A link to the audiocast of the conference call will be provided on the Investor Relations homepage.
October 3rd, 2006 at 7:24 am
So what happens when such a blog gets ummm, altered, by someone else posing as the CEO? Script kiddy for hire includes some carefully crafted statements that panic investors and the stock tanks. Within hours everyone is aware of the “hacked web site” and the stock price has returned to normal… but not before shares are sold in volume and quickly bought up by some who had buy-orders in for weeks.
October 3rd, 2006 at 9:41 am
Robert,
While not Ivan’s specifically, Verizon today launched its first blog — a place to discuss technology and telecom policy. As content builds, check in on us from time to time:
http://poliblog.verizon.com
Bon make a good point, BTW.
October 3rd, 2006 at 10:05 am
Becausa he need it to be at least chekad for sppelling mistakas befora posting in pablic. This make it effectively a Press Release.
October 3rd, 2006 at 11:42 am
[...] Sun is also leveraging the net for podcast information and has been posting many new podcasts to the net. Here is a link to the Sun Channel on PodTech.net. Recently Jonathan sat down with PodTech’s Robert Scoble to headline the kickoff of the ScobleShow [...]
October 3rd, 2006 at 11:44 am
Here is the first ever earnings call as a podcast..not just a recycled earnings call.
http://www.podtech.net/home/technology/946/ceo-bill-watkins-on-seagates-financial-performance-and-operational-execution
October 3rd, 2006 at 2:39 pm
I would say blaim the lawyers and FTC who put all these rules in place regarding corporate communications.