MarketFoolery: 05.26.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 26 May 2011
⏱️ 16 minutes
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Summary
Hedge fund manager David Einhorn calls for Microsoft CEO Steve Balmer to step down. Tiffany reports strong earnings. And the SEC approves a plan that could make whistleblowing a lot more lucrative.
Transcript
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| 0:00.0 | It's Thursday, May 26th, and this is Market Foolery. |
| 0:05.0 | I'm Chris Helen joining me in studio today from Motley Fool Hidden Gems, Charlie Travers, |
| 0:09.5 | from Income Investor James Early, |
| 0:11.5 | and from Motley Fool Global Gaines Tim Hansen. |
| 0:13.7 | Guys, good to see you as always. |
| 0:15.2 | Good to see you, Chris. |
| 0:16.2 | Tiffany's earnings, our shareholder's best friend, and being a corporate whistleblower is |
| 0:20.8 | about to get a lot more lucrative but we will begin today with |
| 0:24.5 | Microsoft. Yesterday at an investment conference in New York City |
| 0:28.3 | Hedge Fund manager David Einhorn called on Microsoft CEO Steve bomber to step down saying quote his |
| 0:35.9 | continued presence is the biggest overhang on Microsoft's stock. Charlie Travers |
| 0:41.2 | I will start with you a couple weeks ago I called on |
| 0:44.7 | Cisco system CEO John Chambers to step down that that didn't seem to get nearly the headlines that David Einhorn is getting what why all the headlines for Einhorn? |
| 0:53.0 | Maybe he's just better getting the word out. |
| 0:55.0 | Apparently. |
| 0:56.0 | So in the era of free speech and the internet, you have to more than ever be knowledgeable of the |
| 1:02.2 | credibility of your source. |
| 1:03.5 | You know, get a lot of unqualified people shooting off at the mouth all the time these days. |
| 1:08.0 | But Einhorn is not in that camp. |
| 1:09.5 | You know, he's a very well-respected Head Fund manager from Green Lake Capital. |
| 1:13.9 | He wrote one of my favorite investing books of all time, fooling some of the people all the time. |
| 1:18.0 | You know, and so when he says something about either a company or a management like this and they |
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