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Article: CEO of Waltham, Mass.-Based Thermo Electron Talks Credibility with Investors.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 13, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Ross Kerber, The Boston Globe Knight Ridder/Tribune Business News
Sep. 13--To restore the confidence of investors shaken by corporate accounting abuses, Richard Syron, chief executive of Thermo Electron Corp., suggests managers heed a tip from the film "The Godfather," when a gangster mentions that his boss "likes to hear bad news fast."
The principle applies to publicly traded companies as well, said Syron, in a colorful speech at Boston's Park Plaza hotel yesterday morning: Companies must build cultures in which subordinates don't hide setbacks.
In the new climate of intensified scrutiny from investors, regulators, and the media, ...