Interesting question that was raised at a recent meeting of the National Association of Corporate Directors in Los Angeles, one that has value for every company that has a management team of non-owners. If you own a company that is managed by professional executives,...
Elizabeth Warren, a Harvard law professor and the current chair of the TARP Congressional Oversight Panel, wrote today in the Wall Street Journal: "President Obama's proposals for (banking) reform are bottled up in the Senate. The same Wall Street CEOs who...
Today the news of the day on Wall Street is the shouting about President Obama’s intention to assess major financial institutions additional fees to help compensate the government for its TARP losses in bailing them out. According to analysts quoted by...
Our magnificent economic system is built on the concept that you should be rewarded for taking appropriate risk in business. The less risk you are willing to take, the less should be your reward. By contrast, the greater the risk you are willing to take, the greater...
A few months ago the Wall Street Journal reported that Merrill Lynch paid over $10 million to each of its top 11 executives last year while the firm was losing billions – they weren’t CEOs, they were deal makers, basically. This week the Los Angeles Business Journal...
