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It also can create the impression that the firm made a mistake during the boom years in promoting a lawyer to the partnership, he added.
The messages, released Saturday by the Senate Permanent Subcommittee on Investigations, appear to contradict statements by Goldman that left the impression that the firm lost money on mortgage-related investments.
Indeed, he detailed for the first time how he and unidentified others helped Mr. Madoff perpetuate the crime — using historical stock data from the Internet to create fake trade blotters, sending out fraudulent account statements to clients and arranging wire transfers between Mr. Madoff's London and New York offices to create the impression that the firm was earning commissions from stock trades.
Its shambolic earnings release reinforced the impression that the firm's managers, starting with Nobuyuki Idei, the chief executive, are still not on top of the problem.Sony's ¥115.5 billion ($948m) net profit for its latest fiscal year was better than the year before, but more than a third lower than the firm had said it expected.
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"What you do from a psychological or behavioural point of view is that you anchor to these very successful well-known [names]." He explains that such comparisons create the often-false impression that these firms will be as successful as the ones they are being compared to.
Rebecca Coriam's parents say they were taken to the ship, the Disney Wonder, in cars with blacked-out windows and ushered through a rear entrance, creating the impression with them that the firm wanted to keep the matter low key.
Bowden devoted special attention to consulting arrangements where private equity managers give investors the impression that the private equity firm itself is footing the bill.
The committee was "left with the firm impression" that the company could have done more to cut costs and that "it anticipated all along that it would be rescued by some package of government assistance".The moratorium on new gas-fired power stations, say the MPs, is hardly in keeping with a liberalised electricity market.
Lydia's not laughing, although her response is one of the play's most delicately funny-sad lines: "It never occurred to me to dread that," she says, leaving the firm impression that the sound of sirens will strike fear in her heart from this moment on.
However, suppose that the three years prior to this the firm experienced negative returns; if the firm did not reveal the investment's earlier performance, investors would get a completely different impression of the firm's asset-management abilities.
The delays simply confirm the impression that energy firms put their profits ahead of customers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com