In today’s divided Washington there is one thing the Left and Right agree about: that some companies have grown too powerful. Even conservatives were disgusted by the way states recently showered perks on Amazon in the hope of winning the right to host its new headquarters. “The richest man in the world just got $2bn …
“To be an effective leader, whether of an orchestra, nonprofit, city council, or country, you must possess confidence, strength, and assuredness. After all, if you’re the one making decisions that impact other people in the short- and long-term, you need to offer assurances that you have what it takes to achieve the mission, steer the …
Private equity work has been sweet for Marc Leder, the numero uno at Sun Capital Partners. He’s parlayed his takeovers of troubled firms into a fortune big enough to make him a co-owner of the Philadelphia 76ers in basketball and the New Jersey Devils in hockey. New York’s tabloids, meanwhile, have come to dub the …
Continue reading ‘The pension thief: no pensions but plenty of parties’ »
We all know that the 2008 financial cataclysm was caused by mortgages offered to customers with weak or no credit histories, bundled together to create “investment opportunities”, causing a chain reaction of losses. Now it is the turn of “leveraged loans”, which are offered to companies already in debt, without too many strings attached. Most …
Continue reading ‘Leveraged loans, the latest threat dreamed up by the banks’ »
One hears a lot about Baby Boomers, Generation X etc, These classifications are designed by journalists to allow them to make sweeping and outrageous generalisations about huge groups of people with little in common, except that they were born between certain dates. I never thought about this much, but, late in the day I discover …
