ANNUAL REPORTS
June 1st, 2003
BY PHILIP FINE
ONE of the most public forms of corporate ostentation, the annual report, is dressing down in America. Many US companies are eschewing glossy paper and colour photos, choosing instead to print out sober unadorned messages. The average budget for annual reports dropped from US$209,600 in 1999 to US$184,700 in 2002, according to the USA's National Investor Relations Institute. Some believe the new modesty is a response to the spate of corporate malfeasance. Others say it may be due to so much information being readily available over the Internet and ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.