Quote:
Originally Posted by Monahammer
I disagree entirely, that's one of the biggest reasons that CEOs subsquently meet the street too.
There's always boiler plate attached to the investor statements essentially saying do not believe anything our CEO is saying here because it will change, and there are still extremely tight controls from auditors and corporate lawyers over what exactly you can and can't say on an earnings call. It's generally extremely controlled. A CEO wouldn't make a statement like Tiff did, essentially providing a guarantee that a specific indicator would remain unchanged for a period of years.
It's worse than all of that, because a CEO isn't a government employed regulatory authority. Tiff is, so the fact that he was able to make such boundless statements with seemingly no penalty is especially egregious. How does this not dramatically erode public trust in the BOC? Isn't one of Tiff's primary roles to ensure public trust in the central bank remains strong?
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For the trillionth time, he did no such thing.
The especially public nature of those statements was somewhat exceptional, and in fact very very intentional in an extraordinary time. That in itself was enough for most sensible people to raise a Spockian eyebrow...