1 vote

Some Information is Best Kept Private (For Politicians & Corporations at Least)

France’s top political leaders released financial statements detailing all their assets.

Stephane Le Foll, Minister of Agriculture, for example, reports that he has two houses, one with a value of 150,000 € and another with a value of 250,000 €. He also has a life insurance policy with a value of 29,000 €, a BMW motorcycle he bought in 2001 worth 300 € and a Renault Clio that he purchased in 1994 with no value at all.

Is this a best practice? Should we all follow suit and publish our financial information?
No.

Should you publish all of your customer complaints?
No.

Should you release your latest competitive analysis?
No.

Should you tell people every time you change a product formulation to reduce costs?
No.

Must you announce every change to your pricing strategy?
No.

http://www.businessinsider.com/problems-with-transparency-20...



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