Wednesday, February 3, 2010

We Seek Safe Harbor

Ever read this at the end of a company statement, and wondered what it means?  Investopedia says that, under SEC rules, safe harbor provisions protect management from liability regarding financial projections and forecasts made in good faith.  Thus the analogy to the literal meaning of the phrase, which relates to a ship's crew looking for the safety of a harbor against such unpredictable adverse events as bad weather or pirates.  And here's something I didn't know; in U.S. broadcasting "safe harbor" refers to the hours between 10 pm and 6 am - the period during which the FCC allows broadcasters to transmit material deemed indecent for children!  Hey, what about us insomniacs and early risers, where's the protection for us?