financial fiascoes

Political Protection Money Thrives on the Street

polpayments

Protection money is everywhere in society – but nowhere greater than in the relationship of Wall Street and Washington. And it all has to do with “asymmetrical payments”. For Wall Street bankers and investment houses, being able to dictate the…

Seen on Google + – More Political Irony

larrys

This Monday there was a classic Larry Summers story. It started with an editorial in the Washington Post calling for tax reforms that would redress a fraction of the income inequality that has accumulated over the past 30 years in…

One More Time: How Goes Executive Pay?

The NYTimes had a recent story, The Infinite Pool of Executive Pay. It is  a little hit and miss. The report  comes down on the increase of 18.7% percent in corporate perks. But then we also learn  that overall median…

Banks as Flak Catchers for Major Corporations

Tom Wolfe’s book Radical Chic & Mau-Mauing the Flak Catchers is about  PR and Spokespersons  who seemingly can turn any criticism to the advantage of their client. But “flak catcher” had a second nuanced meaning – those who bore the…

Historic Financial Penalty = Feds Cave Again

I dread reading the following headlines in the NYTimes or the Wall Street Journal – Gargantuan Fines Imposed on Wall Street Institution or Record Breaking Damages Inflicted on Bank. It might as well read =>  Hugest Biggest Historically Supercalifragilisticexpealidocious Compensatory…

Where is the David Einhorn for America

David Einhorn, the tiny $7Billion Hedge Fund manager, has tweaked the nose of computing’s Goliath, Apple. Since a week Thursday, David  has shocked the US business world with his direct, loud, and “uncivil’ attack on Apple’s huge cash hoard of nearly $130Billion. And…

Twinkies Demise

The Hostess Twinkies demise is a business case study that also has political implications. I would love to see if any of the major Business Schools like MIT, Harvard, Univ. of Chicago have taken this defining case on. David Weidner…