Forum Archive Index - December 2002

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

>From time to time in reading financial documents, you come across 
these amazing euphemisms.  Here is one on 'risk management' and 
'hedging'.

A comment on 'price risk' as printed

"Our strategy entails managing risk at the portfolio level through 
the adoption of a 'self insurance' model, by taking advantage of the 
natural hedges provided through the scale, diversity and flexibility 
of the portfolios as the principal means for managing risk."

Translation:

"For our business hedging is bollocks.  We don't have a bar of 
it."

.....and the people who write these reports wonder why 90% of the 
people they send them to don't read them, because they can't 
understand the language used!  Anyone else out there got some 
examples of 'corporate speak' to share?

SNOOPY





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