No, I am not talking about rendition or signing statements or warrantless wiretapping of American citizens. I am concerned about the fact it has become acceptable for corporations to welsh on their agreements. Exhibit 1: a page one story in yesterday’s Wall Street Journal, “Fights Over Health Claims Spawn a New Arms Race.” The article […]
Read more...Doug Smith, in his post “Putting Shareholders First? Wrong!” at StrategyWorld makes a persuasive case that companies can’t put the interests of shareholder values above other considerations if they are to do more than engage in a Potemkin-village version of corporate social responsibility. He focuses on the tendency to give shareholder concerns primacy, rather than […]
Read more...Maybe it’s just coincidence, but there seems to be a run of particularly good humorous posts on finance-related matters. This one, “Adjusted GPA on a Pro Forma Basis,” from Long or Short Capital, is on the desirability of students learning to misreport, ummm, manipulate, ummm, position data, via how they present their GPAs on their […]
Read more...For those readers who live outside New York City, the dramatis personae are Gretchen Morgenson, who writes a weekly column in the New York Times’ Sunday business section that regularly anatomizes the ways that CEOs enrich themselves, and Martin Lipton, who along with Joseph Flom was one of the top M&A lawyers in the 1980s, […]
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