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Wells Fargo beats by $0.02
Oct 11 2013, 08:02 ET |
Wells Fargo & Co. (WFC)
, SA News Editor
Wells Fargo (
): Q3 EPS of $0.99
beats by $0.02
Revenue of $20.5B
misses by $0.5B
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My fight is the proxy statement. Most shareholders do not read it. Here is why (my latest missile to the SEC):
The Titans of business have found a way
To make your disclosure policy go astray.
They burden it with so much legalese
To make finding the substance quite a tease.
Audit, Governance, Compensating committees, quite a joke
Just words that are used for creating smoke.
And creating lush positions for director lackeys
Receiving unconscionable fees for jobs so hackneyed.
Give the Proxy Statement a new birth and new seed
Eliminate the legalese and put in charts much easier to read.
At the beginning, not the middle or the end
So shareholders can grasp immediately how executives offend.
Increases of 5% or more should be highlighted
In charts or graphs easily sighted.
The objective is for shareholders to more easily know
If the Executives are treating the cash as their own cash flow.
Pretty old (86 years) retired CPA and Comptroller
11 Oct 2013, 11:34 AM
Pretty old too (74) and retired CPA
13 Oct 2013, 11:21 PM
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