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FRIDAY OCTOBER 10
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CEO Morning Report: Underneath the TARP
Over in the U.K., Liberal Democrat leader Nick Clegg is urging Prime Minister Gordon Brown to remove the senior banking executives involved in the risk taking which triggered the current crisis.
posted: Friday October 10th - 7:38am
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THURSDAY OCTOBER 09
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Stocks Plunge and Dow Under 8,600
Stocks fell sharply in late afternoon trading in New York on Thursday as concerns about the global financial system mounted and investors priced in a deep recession.
posted: Thursday October 9th - 6:21pm
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CEO Morning Report: Naked Brit Tourist in Tokyo's Imperial Gardens
That's pretty amusing, but few are laughing at AIG's barefaced--probably bare-buttocked, too--trip to the spa.
Initially, new A.I.G. CEO Edward Liddy agreed that the retreat--now classified as a reward trip for star independent agents, scheduled well before the company's collapse--was improper, which he "would have stopped...if anyone had told him."
posted: Thursday October 9th - 7:58am
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WEDNESDAY OCTOBER 08
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CEO Morning Report: Pass the Gravy
As a journalist, these are the days of riches more embarrasing than Dick "Blameless" Fuld's. The choices for material for this column run like wild horses every day--which one to ride? Yet, the deeper into the dissonance I go, the more I yearn for a return to telling positive corporate leadership stories.
posted: Wednesday October 8th - 6:32am
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TUESDAY OCTOBER 07
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CEO Morning Report: Gimme Water
Amid the chaos, Lehman CEO Dick Fuld states that, “the company did everything it could to limits its risks and save itself.”
Not quite everything. Mr. Fuld neglected to hire a “High-Tech C.F.O. Action Figure”. This is an actual 12-inch-tall G.I. Joe-style male doll, created by Half Moon Bay, CA-based consultants the C2 Group for Service Source, a corporate client.
posted: Tuesday October 7th - 6:40am
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MONDAY OCTOBER 06
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CEO Morning Report: Inside the Cauldron of Capitalism
The U.S. government announced that it is changing the national symbol to a condom because it accurately reflects its current political stance. A condom allows for inflation, destroys the next generation, protects pricks, and gives a sense of security while you’re being screwed.
Utterly spent from ranting and raving these past two weeks—as fatigued as I imagine you are, dear audience, from the reading of same—I must re-condition my sensibilities with a dose of humor (in the business context, naturally).
posted: Monday October 6th - 6:34am
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SUNDAY OCTOBER 05
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This Week in Wall Street History October 5 - 11
The iconic robin's egg blue box went where the money is as high-end jeweler Tiffany & Company debuted a stunning 11,000 square foot retail store at 37 Wall Street, this week on October 10, 2007.
posted: Sunday October 5th - 9:30am
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FRIDAY OCTOBER 03
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CEO Morning Report: "Our Potholes Have A Few Roads"
So hazardous are the roads in India, writes National Geographic, that driving is not about skill, it's about reflexes. Sacred cows always have the right of way--even if they happen to be planted in the middle of the country's new "Golden Quadrilateral" superhighway--but unsurprisingly, there are accidents aplenty.
posted: Friday October 3rd - 7:54am
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THURSDAY OCTOBER 02
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CEO Morning Report: Claw-Back Provisions
Off-balance sheet entities, credit default swaps, derivative securities and bridge loans to nowhere--just a few of the unsound and unsafe culprits at the heart of the financial meltdown--but Bob McTeer, former president of the Federal Reserve Bank of Dallas and now a distinguished fellow at the National Center for Policy Analysis in Texas, wants us all to stop treating Wall Streeters like villains and resolve this crisis.
posted: Thursday October 2nd - 11:26pm
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WEDNESDAY OCTOBER 01
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