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Originally Posted by Jeremy
Hey Harrahs execs........ you guy are Las Vegas, not the Department of Justice. If I was shareholder I would be pissed to see such massive advertising dollars being turned away.
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The current shareholder's don't care; they are getting a fixed purchase price per share (assuming the pending private equity deal goes through). Whenever you have management running a company in a pending sale situation, they always make the "safe" choice and don't do anything that could risk the deal not closing. It throws priorities out of whack because missing out on a bit of profit is much less important than taking on any additional risk (or the perception of risk).