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Fortress CEO to analysts: We don’t call them “losses”

Started by Joelle, May 13, 2008, 07:21:37 PM

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Joelle

Fortress CEO to analysts: We don't call them "losses"
      


Forgive Wes Edens, CEO of Fortress Investment Group, for being a bit tetchy these days.
His publicly traded investment group posted a first quarter net loss of $69 million, compared to gains of $62.1 million a year earlier, as the markets pummeled its public stock holdings, among other factors. And its share price has fallen by [...]
         

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