Almost 100 investors were poised to participate in an 11 a.m. conference call Wednesday with U.S. Bancorp chairman and chief executive officer John F. Grundhofer to talk about strategy. But at the last minute they got disappointing news: The Minneapolis banking company canceled the call, citing new disclosure rule mandated by the Securities and Exchange Commission.
The next day, five investors, accompanied by Prudential Securities analyst Nancy Bush, were scheduled to pay a visit to Bank One Corp. to meet with chairman and chief executive James Dimon and other senior managers. They also had their trip canceled. Bank One cited Regulation FD, the SEC rule passed this month that demands a company release market-moving information to all investors simultaneously.