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Industry: Email Alert RSS FeedNo more crystal balls as firms turn from profit projections - Survey Says - Brief Article
California CPA, June, 2003
More companies are turning away from the practice of offering profit projections.
According to a recent survey of 600 investor relations executives, 28 percent say their employers are considering dumping the practice.
Respondents of the survey, conducted by the National Investor Relations Institute, cited an undue emphasis on achieving short-term goals, a pressure many corporate governance activists cite as a driving force behind misleading investors.
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To view the findings, visit www.niri.org/publications/alerts/ea20030408/pdf.>
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