Le Senateur

Share this website!

  • Digg
  • Twitter
  • Google Bookmarks
  • del.icio.us
  • Facebook
  • LinkedIn
  • Reddit
  • Mixx
  • Sphinn
  • Technorati
  • Wikio
Send to a friend Send to a friend

Send to a friend:



S'enregistrer au Flux RSS Le Sénat du Canada
Blog > Economy > Nicolas G. Hayek, founder of Swatch, condemns the dominance of the “acrobats and jugglers in the financial circus”.
Jul 15

Nicolas G. Hayek, founder of Swatch, condemns the dominance of the “acrobats and jugglers in the financial circus”.

“Final example:  the guy who proposed that I buy into a company that was very expensive and active mainly in textiles, while I’m a watchmaker.  “That doesn’t matter,” he told me, “we’ll start some rumours in the market that will make the share value fall, and as for the textiles, we’ll look after that part.”  All this illustrates the really deplorable mindset of some market professionals.  And the worst thing is, thinking that a publically-traded company should be managed with this mindset”. - Nicolas G. Hayek.

Read the article published in L'Express - English translation

1 comment

  1. Mark Vice le 12 juin 2010 à 09h31

    I love it!

Comment this post

 

You need to log in to vote

The blog owner requires users to be logged in to be able to vote for this post.

Alternatively, if you do not have an account yet you can create one here.

Powered by Vote It Up