Truly Fair Disclosure

Jonathan Schwartz, CEO of Sun Microsystems, announces on his blog that Sun will disclose its financial results on the open and free internet (web and RSS) ten minutes before sending them to private and pay-for financial channels.

Nine years ago, when I joined a certain world company that's quoted on the Paris stock exchange, the general treasurer told me point-blank that he would make sure that I, as the corporate webmaster, would be the last person to know about the financial releases. When he left, I made sure we published them on our own web site at the same time as sending them to other wires.