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Tag Archives: business
Wall Street's Recovery — I begrudge them, but I'm glad
So life’s not fair, we knew that. Droves of working class folks and hopeful college grads still hanker for elusive jobs. Many retirement accounts are still in the tank. The climate’s still changing, Deepwater Horizon is still gushing, most of … Continue reading
Corporate Myopia: Deja vu all over again
I feel old. Okay, let me work on my ego here — I feel experienced and wise. Why? There’s an interesting Op-ed in today’s NYTimes that is all doom-and-gloom for the economy, that pretty much labels the nascent recovery as … Continue reading
Posted in business, Uncategorized
Tagged business, corporate myopia, quarterly earnings, short-term orientation
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CEO Pay: 'But Johnny's daddy raised his allowance!'
Never mind that Johnny got straight A’s and you even flunked gym. Never mind that Johnny takes out the garbage while you blast your rap music at 2 AM. You’ve decided Johnny is your “peer,” and what he gets, you … Continue reading
BP: 'It's a start' turned out to be a false start
Everyone is so busy (justifiably) bashing BP for the horrendous oil spill that they tend to forget that, just five years ago, BP came close to positioning itself as an environmental darling. So I just want to remind everyone, so … Continue reading
Posted in business, Environment
Tagged Alternative energy, BP, business, energy, Environment, Friends of the Earth, Investment, Oil spill
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What Wall Street could learn from Sotheby's
Okay, I’ll get modern — from E-Bay. I was away last week, so missed the entire one-day rollercoaster in the stockmarket. But boy, have I heard plenty since I returned yesterday. Computers going wild, frantically offering ever-lower prices as they … Continue reading
Posted in business, Uncategorized
Tagged auctions, business, computerized trading, Day Trading, flash trading, programmed trading, Stock market
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Goldman, how dare you!
I am choking as I write this. I have steadfastly defended Goldman Sachs over the last year. No, I never suggested they were doing “God’s work”. I never thought they were a force for good at all. But my main … Continue reading
Posted in business, politics, Uncategorized
Tagged business, Collateralized debt obligation, Financial services, fraud, Goldman Sachs, Hedge fund, John Paulson, New York Times, SEC, suit
73 Comments
Financial Reform: Don't let the perfect be the enemy of the good
I’m looking at the many facets of the financial reform bill that Chris Dodd, chairman of the Senate Banking Committee, will unveil on Monday. And I’m wincing at the compromises, and gagging at some of the wrong-headed aspects. But I … Continue reading
Is 'independent contractor' a fancy phrase for slave labor?
Is it a hyperbolic question? Sure. But it’s still not an easy one to answer. According to Steven Greenhouse, writing in the New York Times,, the feds and the states are both ready to crack down on “companies that try … Continue reading
AIG reins in pay? Don't be so sure
Everyone’s favorite Keystone Kops company — oh, excuse me, I meant faltering insurance giant — has gotten religion. Allegedly. These are the folks, remember, who got more than $180 billion in bailout funds, then paid multi-millions of our dollars as … Continue reading
new bottom line 