If a CEO says the L-word too much, the company’s stock price goes down

Analysts at Bank of America led by Savita Subramanian studied earnings transcripts of companies that used the word “layoff.” Relative to the industry group they’re in, the more they use the word, the worst the return.

Previous post Citizens Financial Group gets an upgrade as analyst sifts through regional-banking stocks
Next post Turkey’s new central bank governor, formerly at Amazon and New York Fed, seen as a ‘credible choice’