Sold short: USyd takes cash for comment
Apr 9, 2021 â 12.00am
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How much does it cost to launder your spin through the name of Australiaâs most prestigious business school?
The answer: far less than you might think. For a paltry $7272.27 all-inclusive, the University of Sydney Business School will even chuck in a series of non-disclosure agreements. What a steal!
The front page of The Sydney Morning Herald.Â
In December,
The Age and
The Sydney Morning Herald ran front exposes of the world of âshort and distort attacksâ, whereby foreign analysts produce malicious allegations of companies committing accounting fraud, in cahoots with fund managers who profit off the ensuing fall in the share prices of the targets. In recent years the practice has âcost investors billionsâ.