Keeping Track of Those Who Keep Stock
Investor relations causes much frustration but is a function no large company can afford to neglect.
The chief executives and chief financial officers of large quoted companies spend up to a quarter of their time on investor relations. It is usually the biggest drain on the most valuable resource the company controls. Many executives also cite it as one of their most frustrating activities, as fund managers often seem irrational in their decision-making and the movement of the share price can appear to defy logic.
Scott, M.C. (2004) Keeping Track of Those Who Keep Stock, Financial Times, Summer School, 10 August, p. 13.