Still Cranky

December 23, 2008   David Simons


Big companies hate short-sellers. This is the apparent conclusion of a new NYSE Euronext study in which executives favored an outright ban under certain circumstances.

Big companies hate short-sellers. This is the apparent conclusion of a new study commissioned by NYSE Euronext, operator of the New York Stock Exchange, and conducted by Princeton, New Jersey–based Opinion Research Corp. The results, based on interviews with 438 executives from publicly listed corporations, found broad support for permanent rules that would include disclosure requirements aimed at protecting shareholders (letting them know when and to what extent the stock they hold is being shorted)....

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