3 ms·
I wonder if it could be considered securities fraud, in the Matt Levine sense of "Everything is Securities Fraud." I certainly would take CEO approval rating a
by benmanns 3y ago
I wonder if it could be considered securities fraud, in the Matt Levine sense of "Everything is Securities Fraud."
I certainly would take CEO approval rating and employee's reviews of overall job satisfaction into account when investing in a company. If you see very low reviews, you know the company is under-investing in employees and will likely need to increase spend on employee retention in the coming years, which is not reported in their current financial reports. Likewise, if you want to be cynical, a consistent 5 star company has some fat it could trim, which would increase it's investment value.
Perhaps we'll see a shareholder lawsuit following a mass employee resignation event which was arguably concealed by manipulating employee reviews.