It has been a rough start to 2008 for the equity markets.
This morning, the US Federal Reserve announced an “inter-meeting” cut to its benchmark interest rate by 0.75 percentage points in an attempt to stop the bleeding. The Fed has cut rates before, however, today’s action was an emergency move that is only used in very serious (and grave) situations. The last time the Fed announced an “inter-meeting” rate cut was just days after 9/11.
If January is any indication then 2008 is going to be a rocky ride for equity markets, companies, and investor relations departments. Fasten your seatbelts.
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About Anil Dilawri
Anil is Director of Hill & Knowlton Canada’s Investor Relations group. He provides strategic counsel and leadership to publicly traded companies and/or organizations that are planning an initial public offering. His value is his ability to develop modern day investor relations strategies, policies and procedures to ensure that a company’s investor relations program is effective in meeting the needs of shareholders, prospective shareholders, financial media, company management, and the Board of Directors.
Anil has a vast amount of experience in communicating with members of the North American and European investment communities. This community includes sell-side analysts, buy-side shareholders, prospective institutional shareholders, retail shareholders, and financial media.
Before joining Hill & Knowlton Anil was the head of investor relations for March Networks Corporation where he was the strategic leader and day-to-day contact for a number of March Networks’ key stakeholders, including financial analysts, shareholders, media, and industry associations. Prior to March Networks Anil was at Cognos Corporation where he held several senior positions in investor relations, product marketing, and research and development.