This Is A Recession Indicator No One Is Talking About--And It's Flashing Red [Forbes]
INSYS THERAPEUTICS (INSY)
Last insys therapeutics earnings: 11/5 04:16 pm
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Source: Forbes
This Is A Recession Indicator No One Is Talking About--And It's Flashing Red photo credit: Getty The yield curve isn’t the only sign recession is coming Business scandals seem to peak at the end of every growth cycle. I think that’s because CEOs are human, and humans get overconfident when everything is going well. Allegations of negligence and/or misconduct at public companies now seem to be growing again. In Trouble A few examples… Boeing (BA) The Federal Trade Commission may fine Facebook (FB) Goldman Sachs (GS) Managers and the founder of Insys Therapeutics (INSY) Tesla (TSLA) Wells Fargo (WFC) This isn’t just a U.S. trend. Former Renault-Nissan-Mitsubishi I could go on, but you get the idea. C-Level Incompetence and Buybacks Shareholders pay CEOs big bucks to make well-considered, quality decisions that benefit the company. A lot of that money is apparently not buying the results it was supposed to. So go up the food chain. The boards who hired these CEOs seem not to have made
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