This site under reconstruction.
It could be just an impression I have, but sometimes when an accountant is asked to put together a plan, he will balk. Accountants are used to certainty (for the most part): set closing schedules, set GAAP rules to follow, things you should and should not do, mathematical steps to reconcile imbalances, and so on….
Huh, didn’t know that there was an economic theory that posits that under certain conditions, companies will want to increase wages for labor because such wage increase will provide benefits. Those benefits could be reduced turnover, increased productivity or whatever else. This theory certainly isn’t mentioned much, if at all. I have heard increasing engagement…
Read an article earlier in the week about an interview with a famous investment fund manager who always preached low-cost fund management and fiduciary duty to your investors. He said that financial management companies are now starting to have the philosophy of managing for your clients and not just for themselves. The article was investor this…
Oh boy! The chutzpah of it. I read an article earlier in the week about two financiers who are suing the government for illegal seizure (I think. The article also mentioned they were suing because they were not benefiting enough.) One was a former CEO of AIG who was indicted for playing a role in setting…
(Re-posting because for some reason I could not access on the site. Originally posted May 10th.) During the last two weeks, I saw some articles that look like folks were trying to capitalize on current trends that might help burnish their image. One was an article about farming and bringing healthy food to people while…
Okay, the image’s quote is taken out of context, so to put it in perspective: Paul Tudor Jones is a hedge fund guy who gave a TED talk about the need to change capitalism. I can’t seem to get the link so if you want to hear the talk (and I advise you to do…
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