Thursday, May 29, 2008

Ross: "Housing Issues Scarier Than High Oil Prices"


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In "Housing Issues Scarier Than High Oil Prices" Wilbur Ross said how many U.S. public firms are run badly? Answer: 1%

"Housing Issues Scarier Than High Oil Prices"



"Housing Issues Scarier Than High Oil Prices"


"For the big public companies, it makes all the sense in the world, because they need to be accountable, and I can't understand what people are trying to hide from when they don't want an outsider to be the chairperson," he said. "I like the idea of checks and balances. I think that 99 percent of all American companies are run properly, and don't have accounting irregularities, or anything like that. The idea, though, is to avoid being in the one percent that do."