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In the matter of stock option expensing, they knew the right thing to do back in the 1990s, but they knuckled under to corporate pressure and pressure from politicians who receive corporate donations.
However, this is no mere matter of stock value, for Vivendi Environnement, which Messier used as the kernel for his sprawling media empire, culls up a deep sentiment in the Gallic heart.
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That's easy to understand, and usually a virtue in matters of stock market integrity.
There's also the matter of its stock price, which last closed above $1 on July 5. Ballard says stock buybacks and schemes like reverse splits are at the bottom of his turnaround strategy list.
In a matter of days, stock market commentators went from hailing the "rally of the century" to cautioning that stock markets were a dangerous money-sink in which no casual investor could hope to thrive.
Friendly does his best to avoid this sort of thing, and the one or two instances in which, over the years, he feels that he hasn't played altogether fair with the viewer in the matter of a stock shot have caused him to indulge in considerable self-reproach.
But as a matter of routine, stock-market-listed companies ask for these rights to be disapplied to a pre-agreed limit, to enable them to make acquisitions, for instance.
None of this matters to stock investors, who have pushed Amazon.com's stock up nearly 20percentt since the fourth-quarter results were announced.
In a matter of days, the stock dove nearly eightpoints, to $16.50.
In a matter of weeks the stock market coughed up everything it had gained since the start of the year;and then some.
In a matter of months, the stocks plunged by half or two-thirds from their highs.
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