JUST SAY NO TO WALL STREET: PUTTING A STOP TO THE EARNINGS GAME

Joseph Fuller and Michael C. Jensen ()

Journal of Applied Corporate Finance, 2002, vol. 14, issue 4, pages 41-46

Abstract: CEOs are in a bind with Wall Street. Managers up and down the hierarchy work hard at putting together plans and budgets for the next year only to discover that the bottom line falls far short of Wall Street's expectations. CEOs and CFOs are therefore left in a difficult situation; they can stretch to try to meet Wall Street's projections or prepare to suffer the consequences if they fail. 2002 Morgan Stanley.

Date: 2002
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