Annual report season is upon us, bringing "sustainable" joy to those of us who love punching holes in blather.
Here, the opening sentence of Newmont Mining's CEO letter to shareholders:
"2007 was a year of significant change at Newmont as the management team began to re-orient the company and its strategy to build sustained value for our shareholders. In 2007, we identified and implemented initiatives to focus Newmont on its core gold business, expand our growth and exploration opportunities, unlock value embedded in our capital structure and begin to reduce our costs."
I'm sure this elated shareholders. I'm also sure they were not elated by the company's almost $ 1.9 billion loss last year.
Email relory@aol.com.
[jargon] [buzzwords] [doublespeak] [gibberish]
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