Moving The Blame From Analysts To Corporate Management?
from the the-blame-game-keeps-on-shifting dept
Clearly, there are a lot of different areas people can place the blame for the stock market bubble of the late nineties. There have been discussions about how it was Wall Street’s fault, the individual investors’ fault, the venture capitalists’ fault, the engineers’ fault, the newly-minted MBA’s fault. Clearly, a lot of the focus these days has gone on blaming the analysts, who recently “settled”, while admitting no wrongdoing. Now, it appears they’re starting their pushback campaign, and have convinced the AP to write an article claiming that the analysts did what they did because they were being bullied by corporate management. The article argues that we now need a crackdown on how corporate management deals with analysts. This might be true as well. I’m not defending the actions of anyone in this case, but until the various players accept some of the blame themselves (and everyone involved probably deserves some blame), the system isn’t going to get any better.