SEC Probe of Valeant: What Do We Know?

The transcript discusses the controversial practice of CEOs selectively communicating with analysts, especially after major announcements. It highlights the importance of transparency and the negative optics of such actions. The discussion also touches on regulatory concerns, particularly regarding compliance with Reg FD, and questions the management's attitude towards rules. The challenges of selective disclosure and its implications for market perception are also explored.

In what ways can the actions of a CEO create a credibility gap with investors?

What factors might lead to a perception that a company's senior management believes the rules do not apply to them?