Editorial
Stan O’Neal
Stanley O’Neal, the CEO of Merrill Lynch is under scrutiny for a “major breach in corporate protocol.” His Board is upset that he allegedly discussed merger talks with at least one other firm without their knowing or approval. I’m not sure he needed either, but either way, they are upset. I guess they are going [...]
Read Full Post | Make a Comment ( None so far )Financial Markets in India: A Snapshot
—This article originally appeared in the Aug/Sep 2006 edition of The Reporter, newsletter of the Managed Funds Association.
When I was in India in July 2005, the Sensex had just crossed 7,000 and a local brokerage firm was handing out celebratory chocolates – “Sensex 7000” read the high-relief exclamation. In May, 2006, the index crossed [...]
The Scarlet Asterisk
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William C. Rhoden wrote in the NYT that the Baseball Hall of Fame is being hijacked. Marc Ecko has no right to deface the historic home run ball because it’s messing with history and that the HOF has no principles in taking the ball.
Mr. Rhoden neglected to state that the website had taken in 10 [...]
Torre Stays
There is not a better Manager in the pros than Torre to culture the talent pool the Yankees have. Brian Cashman knows this. So do Hal and Hank Steinbrenner.
Don Mattingly and Joe Girardi are good candidates to take Torre’s place, but they need some more time to ripen. It’s too soon. Guess who they look [...]
On Hedge Fund Advisory Groups
The Treasury Department has announced the formation of two advisory groups to determine “Best Practices” for hedge funds. The new advisory groups were formed under the auspices of the President’s Working Group of Financial Markets. One group is comprised of hedge fund investors, the other Asset Managers, and they are tasked with deriving some recommendations [...]
Read Full Post | Make a Comment ( None so far )A-Rod, Inc.
It is expected that Alex Rodriguez is likely to exercise an Opt-Out clause in his current contract with the Yankees to test the waters of Free Agency. He is currently earning $27MM per year and his agent Scott Boras said that $30MM will be the New New thing.
David Rosenheck concluded in the September 16th Sunday [...]
It’s Not My Fault…
I am reading Peter Eavis’ great article in FORTUNE Oh, the People You’ll Blame at The Newsroom on Robertson. I was getting a kick out of the number of fingers of blame when a loud, rather corpulent man, interrupted my wheatgrass – shouting into his cell phone….”Well you got me into this property…now…GET…ME….OUT!”
At his moment [...]
Is it Safe?
The Fed cut Fed Funds and the Discount Rate by 50 bps each. Most pundits did not think they would cut both, nor did they think they would cut either one as much as they did. The market took this news as being a catalyst to put money to work, Buying Long and Covering [...]
Read Full Post | Make a Comment ( None so far )The Bronx is Burning
Yankee greats Manager Billy Martin (left) and Captain Thurman Munson.
The Boston Red Sox/New York Yankee rivalry is one of the most storied in all of worldwide professional sports. Both teams seem to play their best when they play one another regardless of whether they are playing in the Bronx or at Fenway. And although [...]
Read Full Post | Make a Comment ( None so far )Why is this man smiling?
Countrywide Financial’s Angelo Mozilo is under the gun for selling stock while allegedly pumping it in the media. Can you say “10b5-1 Plan“?
According to BusinessWeek, he claims to have sold stock options (via cashless exercise) while “holding most of his net worth in Countrywide.”
I wonder if he means he’s holding Countrywide Financial’s stock or if [...]
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