The NYT points out today (here) that the group photo of GE’s board appearing in its 2005 annual report is a cut and paste job. “[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.
Group Photo of GE’s Board
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/
