We just got sued for our PowerPoint transcript… NOT
Jun 09, 2009
I’m curious. Are there any known cases of companies being sued or having legal problems as a result of including the text of their speech with their PowerPoint slides from an investor presentation?
It is rather tiresome to hear that there is “too much risk” in actually providing the text of what was said to investors. Text that is quite frankly necessary to make sense of the slides. How about the risk of annoying all of your investors who could not attend the event? Or, if the speech is only provided in audio, what about those with hearing disabilities?
If companies are afraid to provide the words that a key executive spoke in public, it makes me think that perhaps the person was drunk. Why else would the remarks be so unreliable that Legal believes they’re going to get in trouble for letting us read what was said? This is poor disclosure. Or laziness.
The owners deserve to hear what their executives said in public to other owners.
Chris Vickerson
Jun 09, 2009 15:38
Some IR professionals are extremely sensitive to anything that could add risk – even if there is none at all. It’s painful to watch. Progress will only happen when a tipping point is revealed to new safe place. I’m glad Social Media is getting a lot of coverage at NIRI to help push along the benefits that are so obvious to the rest of the planet.
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