DonSuper

Why Investors Should Have a Healthy Distrust of Management

I dont think these are particularly good examples. As pointed out, there was some disclosure with respect to Jobs health. Also, in the case of BAC, maybe they were foolish with the MER acquisition, but not dishonest. They seeked help in december, much later than when the acquisition was announced, not at the same time as the article says. And it was prudent from management to try to cancel the acquisition given that conditions got much worse in the last months of 2008. The government didnt want BAC to cancel the acquisition, that is why they are offering the guarantee.