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Higher One Holdings, Inc. Message Board

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  • ferdiefor ferdiefor Apr 6, 2000 10:02 PM Flag

    Reuters Analyst Briefing by Dimon

    When new CEO comes in to clean house he or she
    insists on having carte blanche to do what is necessary
    in terms of cleaning house. Almost always means
    writedowns/writeoffs to put the mess behind the new CEO. As a CPA I
    have seen this 100X before. Do I know of any as of
    today. Absolutely not. The surprises just start coming.
    Happened at FTU, MEL many years ago, JPM, UPC, BAC, WFB,
    and on and on. If you are an employee you will have
    to wait and see what happens next. I'm just taking
    out the CEO transition handbook and reading from it!

    For those of you that thought the Pru Bache
    "hold" was enthusiastic better check again. Having
    ridden FTU all the way down and now back up I do not
    wish ONE shareholders the same trip; I'm just afraid
    that so many things are going to start coming out that
    were never even on the radar. For the record I never
    short stocks so I will wait for ONE to come back to the

5.140.000(0.00%)Jul 28 4:02 PMEDT