UBS $37B Write Down, Part II: Compensation
Buried at the end of the report discussed earlier is the specific criticism of the financial compensation system in place at UBS for...
Report on UBS’ $37 Billion Writedown
Kids, we have some fascinating reading in store for you this weekend. The "conservative" Swiss banking giant UBS — and I...
Unrealized Level 3 Gains
If it weren’t for the large non- cash profits on "hard-to-value" holdings, Goldman Sachs (GS) wouldn’t have had...
Murdoch’s WSJ Changes Creates Opening for NYT, FT
Is Rupert Murdoch’s altering of the Wall Street Journal creating an opening for his competitors? That was one of the topics we...
Fortune 1000
The full Fortune 1000 list is out, and as always, its rather interesting if just for the surprises: Fortune 1000 Top 20 1. Wal-Mart...
Hedge Fund Compensation
Earlier this week, I asked, “What’s Wrong With Billionaire Fund Managers?” We noted the very top % of this profession...
Kryptonite Caused GE’s Miss
The sub-prime problem is Kryptonite to GE. I’ll get to that in a minute, but before I do, a brief review. Last week, I questioned...
What’s Wrong With Billionaire Fund Managers?
An article on humongous hedge fund paydays in today’s NYTimes was quite interesting: “The richest hedge fund managers keep...
Answering an SOS
Mike Luckovich (is that Ben in the Helicopter?) : Source:Answering an SOSMike Luckovich The Atlanta Journal-Constitution, Wednesday,...
How to Get an “Iffy” loan approved at JPM Chase
Three “handy steps” for getting a questionable loan approved by JPM Chase’s automatic system: 1. Lump all of an...