Frank MacInnis, the chairman and CEO of $4.8 billion EMCOR Group, recalls speaking at a conference a few weeks after the Securities and Exchange Commission handed down its decision in the case against Flowserve Corporation for violating Regulation Fair Disclosure. When asked a question about earnings guidance, MacInnis gave a deadpan delivery of the boilerplate language he is required to use when reiterating previously issued earnings guidance, drawing understanding laughter from the audience.
MacInnis
