I found the word ‘trigger’ in several annual reports. Not as you might guess in the sense of pulling the trigger of a gun, because none of the annual reports related to gun manufacturers. But often companies use it as a verb, in the sense of ‘to cause or bring about’. Sanofi for instance uses…
Have you ever noticed that when companies acquire other organisations, they turn these opportunities into a risk? They must have known the risks at the moment of acquisition. They must have estimated their capacity to integrate the acquisition and concluded that the anticipated synergies and benefits far outweighed the risks, or they would never have…
I wonder sometimes whether top management read their annual reports. If they did they would realise that some of their statements reach the level of ludicrous. Here, for instance are some ‘unable to predict’ statements taken from annual reports: “We are also unable to predict if and when any changes to laws or regulatory policies…
Some companies consider foreign currency is a risk but others not, yet currency movements are the way of life they have chosen and is just another business as usual excuse to add to the risk statement. Six companies in my review: Abbott Laboratories, Abbvie, Bristol Meyers Squibb, Johnson and Johnson, Novartis and Sanofi follow this…