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CEOs punked on Wall Street calls

Angry man on phone

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Kai Ryssdal: This final note: we know financial information can be confusing. But people who ought to know better have been a little perplexed themselves. CEOs and other top executives have been getting punked on earnings conference calls. They're the quarterly rituals companies go through with Wall Street analysts. The analysts get a code and dial in to ask question. The executives speak without trying to say too much about profits or losses. But lately a prankster identifying himself only as as Joe Harrick from Gutterman Research has been tossing out some doozies.

JOE HARRIK: Can you provide some more color as to what you're doing to reduce the price per hectolitre?

LEO KIELY: Can you hold a second on that?

The guy who needed a second to figure out price per hectoliter? Leo Kiely, president and CEO of the Molson/Coors Brewing company. Gutterman Research? No such thing.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy. Follow Kai on Twitter @kairyssdal.