The NYT points out today (here) that the group photo of GEâ€™s board appearing in its 2005 annual report is a cut and paste job. â€œ[S]ome photographs had been taken individually and others in small groups. They were then assembled . . . for a panoramic shot of the powerhouse board . . . .” This blatant manipulation is clearly a Rule 10b-5 violation or at least a Martin Act violation. Spitzer must put an end to it immediatley.
Cite this Article
Bill Sjostrom, Group Photo of GE’s Board, Truth on the Market (April 02, 2006), https://truthonthemarket.com/2006/04/02/group-photo-of-ges-board/