Just say no to Wall Street
Subtitle: putting a stop to the earnings game
By: Joseph Fuller, Michael C. Jensen
Contributors: Jensen, Michael C.; Harvard Business School
Series: Working paper / Harvard Business School -- 10-090; Harvard Business School negotation, organization and markets research papers; Working paper (Harvard Business School) -- 10-090.; Harvard NOM research paper -- 10-090.
Publisher: Harvard Business School
Published: 2010
Place of publication: [Boston]
Language: eng
Number of pages: 13
Description: Putting an end to the "earnings game" requires that CEOs reclaim the initiative by avoiding earnings guidance and managing expectations in such a way that their stocks trade reasonably close to their intrinsic value. In place of earnings forecasts, management should provide information about the company's strategic goals and main value drivers. They should also discuss the risks associated with the strategies, and management's plans to deal with them.
Notes: "April 2010"--Publisher's website.

Reprint of article published in Journal of applied corporate finance, vol. 22, no. 1 (winter 2010), p. 59-63.

Includes bibliographical references.