Implementing a Successful HR Strategy: Leading HR Executives on Attracting Talent, Establishing Company Culture, and Inspiring Employees (Inside the Minds)
This Sunday was reported to have been the deadline for Bank of America (BAC) to find a new CEO. Officially, their goal was to get it done this week, but it appears that's not going to happen. Bloomberg : The directors, who met Nov. 20, may be willing to go past their Nov. 26 target and the Dec. 31 retirement of CEO Kenneth D. Lewis if it means getting a better choice, according to a person familiar...
Amit Shah submits: Simple Investment Thesis: pre-provision pre-tax earnings and normalized earnings power have NEVER been higher, banks are not paying dividends so tangible book value is increasing rapidly, and capital ratios are higher than ever in an improving economic environment. Wells Fargo's ( WFC ) stock price is the same as pre-Wachovia despite a huge increase in earning assets relative to...
Ever since Galleon Group founder Raj Rajaratnam went down for insider trading, and one of his biggest accomplices, Danielle Chiesi went down with him, we've been using the picture at left of the latter (one of the few available). And every single time we've done so, we've immediately received a flurry of emails imploring us to find a better one, not simply because the photo in question hurts some...
Bank of America's search for a new chief executive, and its dance of death with departing CEO Ken Lewis, has only gotten tougher as its self-imposed Thanksgiving deadline nears.
Why Did Lloyd Blankfein Apologize? (NYT) According to Goldman: "Lloyd has expressed regret in various different forums, including a speech to the Council of Institutional Investors in April and one at the Handelsblatt Conference in September. He has stated that the financial services industry collectively neglected to raise enough questions about whether some of the trends and practices that...
Daily Intelligencer - New York Magazine (Free subscription) | 49 minutes ago
Last week, as you know, Goldman Sachs CEO Lloyd Blankfein apologized for "participating in things that were clearly wrong" that they "have reason to regret." As we predicted, no one found this mea culpa particularly satisfactory. The Times , in particular, after thinking through it for a few days, ripped the firm a new one this weekend. The apology, they said in an editorial, was...
Hugh Pickens writes "The Financial Times reports that Microsoft is in discussions to pay Rupert Murdoch's News Corp, owner of newspapers ranging from the Wall Street Journal of the US to The Sun of the UK, to 'de-index' its news websites from Google, setting the scene for a search engine battle that could offer a ray of light to the newspaper industry. Microsoft is desperate to catch Google in...
Last week, I was shaking my head at Mark Cuban . He suggested that Microsoft pay online publishers to de-index their sites from Google. Presumably, then Bing could go out there and say "Hey, search us to find the Wall Street Journal." I scoffed. I laughed. Who would do such a thing? Apparently, Steve Ballmer would. To my utter dismay, news reports are in fact breaking that Microsoft is talking...
When Rupert Murdoch announced that he was thinking of taking his News Corp web properties out of the Google search index , speculation as to Microsoft and Bing's involvement was rampant. Turns out, there might have actually been something to the rumors for once. According to the folks over at The Financial Times , Microsoft is willing to grease Murdoch palms to go exclusive with Bing, a move that...
To be a great trader you must be disciplined. Following a set of rules can make the difference between successful story telling versus ruminating on last week’s losses. Jesse Livermore, one of the best traders of all time, and John Paulson, one of the best traders of the last few years, both have a set of [...] Related posts: Nuggets of Wisdom from Jesse Livermore, Greatest Trader Ever Trading...
Si ha habido una noticia importante en el mundillo donde nos movemos, esa es sin duda la presentación de Google Chrome OS , tuvimos las primeras informaciones al respecto en julio, y desde entonces la confusión en torno al solapamiento de objetivos con Android ha estado presente en los medios. Dos de los pesos pesados en Google, Eric Schmidt y Andy Rubin han argumentado que los mercados...
Jim Summers, an organizer for End the Fed , files this report in the Nashua Telegraph about, among other things, the symbiotic relationship between Congress and the Federal Reserve. The effects of our financial house-of-cards collapsing are everywhere: home foreclosures, unemployment, stock values cut in half, retirement savings lost. The cause, however, is a bit harder to discern as we are distracted...
ICANN Wants To Fast Track Non-Latin Character Domain Names You may soon see URLs with Arabic characters and other non-Latin letters. The Internet Corporation for Assigned Names and Numbers is pushing a proposal to include Internationalized Domain Names that have native language scripts. ICANN's IDN initiative, which has been in the works for several years, was presented Monday at the ICANN board meeting...
David Shvartsman submits: It's been a big week for the cottage industry of John Paulson-watching. The Paulson & Co. fund manager is set to launch a dedicated gold and gold m ining equity-focused fund at the start of next year, in which he'll invest $250 million of his own money. You may recall that Paulson's earlier forays into gold ignited a new rush into gold by hedge funds and investors piggybacking...
Gregory Zuckerman, author of the bestseller The Greatest Trade Ever , explains how hedge fund manager John Paulson engineered the most profitable trade in Wall Street history.
A blogger has said, “Cars are not a mere means of mobility.” A very true statement but what makes it fascinating is that it didn’t come from just anyone. These were written by Akio Toyoda, the president and CEO of Toyota Motor Corporation ,
Submitted by imaginelifestyles on November 9, 2009 - 8:51am On the heels of the release of the first-ever Lexus LFA supercar , Toyota has announced it will pull out of Formula One racing in efforts to cut costs. The economic downturn has certainly affected everyone, and costs incurred with Formula One racing can be extensive, even for the world’s largest automaker. The announcement came just a day...
Last year, Oprah Winfrey earned $275 million–more than those three Wall Street rogues Ken Lewis, Dick Fuld and John Thain combined–yet no one is calling for her head. Her TV show and O, her magazine, remain wildly popular. She moves entire industries. Twitter’s traffic surged 43% after she tweeted for the first time. A recommendation from her turns obscure authors and products into best-sellers
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