The Unknown Ideal

A Pennsylvania union pension fund is suing HCA, explicitly outlining insider malfeasance and manipulation. Pensions & Investments reports:

Attorneys representing the pension fund claim that HCA Chairman and CEO Jack O. Bovender Jr., President and COO Richard M. Bracken and CFO Robert Milton Johnson issued false statements about the company’s performance from Jan. 12 through July 12 that caused “HCA’s shares to trade at artificially inflated levels,” the complaint said. The filing also noted the defendants had access to “adverse undisclosed information about HCA’s business, financial condition and prospects” at the time they made “materially false and misleading” representations.

So nice timing, Senator Frist. Just a coincidence I'm sure. Just a coincidence as much as that old "blind trust" was really blind?

It will be interesting to see what is revealed in the course of the pension suit. Recall the serendipitous timing of the senator's HCA sale:

Posted by The Unknown at 7:33 PM | Permalink

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Free Wi-Fi and a top quality BLT can be found at the Trailhead Restaurant and Coffeehouse on Highway 58 in Oakridge, OR. Just saying that if your wife is researching a 44 year-old filicide and has allowed you to tag along on her road-trip, and you're feeling a bit peckish, this is a good stop to make

In combination with a Terminal Gravity IPA, the BLT is a glory. I also hear that the iced tea goes well with the Turkey and Brie sandwich.

Posted by The Unknown at 2:09 PM | Permalink