A call to action
Recently, I listed footnoted as one of the sites I frequent. As investors who are being deceived and robbed everyday, we should do everything possible to encourage such bloggers. A site like Footnoted does more to raise awareness of executive corruption than all the financial publications and news outlets combined.
As a start, I donated a small amount to Ms Leder, who runs footnoted, last week (I received a personal thank you note too - you are most welcome!). I am hoping to donate on a regular basis in return for the knowledge gained.
I am hoping that readers of this blog can do the same. Please consider it seriously. We need hundreds, no thousands, of Leders. You can give up your Starbucks coffee for a week and donate, right ? Or maybe just cancel your subscriptions to Money, Smart Money, Forbes, Fortune, Barron's, Wall Street Journal, and donate the savings. Please.
If you do donate, please leave behind a comment to this post. I am hoping that would inspire others to follow in your footsteps.
While on digging up disclosures that companies don't want you to see, here is another great source of information - the 10Q Detective.
If you are not shocked by the daily revelations on these two sites, you may need immediate medical attention!
posted by Guru @ 9:14 AM
2 comments
2 Comments:
Thannk you for your kind comments. Sadly, some nights after spending two hours perusing 8k, 10Q, 10K, or DEF 14A SEC filings, I feel dirty--like I need to shower--after reading how corporate insiders continue to plunder their corporate treasuries (all on Common Stock shareholders' dimes). For example, my most recent posting, CarMax (KMX)destroys the notion that the USA is an egalitarian society where all have similar access to educational, & wealth-making opportunities. The non-employee Directors make more in three weeks 'work' on the Board than most employees for the Company will make in 3 years! http://10qdetective.blogspot.com/2006/05/carmax-best-company-to-work-for.html
Thank you for helping to spread the word about the 10Q Detective.
Fondly,
David J Phillips,Publisher
Thannk you for your kind comments. Sadly, some nights after spending two hours perusing 8k, 10Q, 10K, or DEF 14A SEC filings, I feel dirty--like I need to shower--after reading how corporate insiders continue to plunder their corporate treasuries (all on Common Stock shareholders' dimes). For example, my most recent posting, CarMax (KMX)destroys the notion that the USA is an egalitarian society where all have similar access to educational, & wealth-making opportunities. The non-employee Directors make more in three weeks 'work' on the Board than most employees for the Company will make in 3 years! http://10qdetective.blogspot.com/2006/05/carmax-best-company-to-work-for.html
Thank you for helping to spread the word about the 10Q Detective.
Fondly,
David J Phillips,Publisher
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