This site under reconstruction.
(I know the picture is not a good picture but squint your eyes and pretend it’s him.) An article last week in Business Insider provided some quotes from Jamie Dimon’s letter to shareholders which basically told whining executives to deal with uncertainty. It was interesting to read about a financial executive saying business is always and…
There has been a spate of articles depicting bad images of financial professionals. To keep this post short, I will just talk about one, which I read a couple weeks ago. The link to the article I’m referencing is: http://www.thestreet.com/story/12522280/1/5-reasons-executives-arent-good-people.html The article is titled “5 Reasons Executives Aren’t Good People”, written on 3/12/2014 by Jason Notte in The…
“Financial services firms such as Lehman Brothers, Bear Stearns, Morgan Stanley, and JPMorgan Chase have contracted out number crunching and financial analysis to Indian MBAs…And throughout India, you’ll find chartered accountants who prepare American tax returns….” p38, A Whole New Mind, hardcover, Daniel Pink. “In 2003, some 25,000 U.S. tax returns were done in…
I was doing something new the other day and was surprised at the outcome. I ended up with a situation where no matter my starting position, I usually ended up with either you flame out before you reached 50 rounds (most likely 10 rounds) or you succeed and run on to 650 rounds – my…
Would you rather have 500 TV channels or have it limited to 20 channels? A lot of choices, huh but do you really want it? How about perusing 500 reports versus 20 reports? Here the decision is probably easier – you would prefer 20 reports. So why are you asking for 500 WBS charge codes? For…
Recently I read an article by McKinsey about a college professor and former Medtronic CEO saying the current form of capitalism is detrimental not just to communities and employees, but also to shareholders. While everybody decry about the short termism of companies, he also says managing companies solely for shareholders is bad for…
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