Today's NYTimes has a funny piece on Thanksgiving, urging readers to be CEO – define a vision, and delegate most of the work. It's tongue-in-cheek but has some kernels of truth. But beware, the "organizing to execute" style of management...
Reports indicate that this afternoon Citi is close to an agreement with the government whereby losses due to risky assets on the bank's balance sheet would be limited. A new "bad bank" entity would be created to house approx. $50 billion in risky...
In addition to the big bank recipients of TARP funds, seventy regional banks have applied. Graphic courtesy of American...
I'm on a plane most of today, returning from Boston to SF. But in honor of election day, here's some guidance for the next President from CFOs courtesy of CFO Magazine. Both as businesspeople and citizens, they have plenty of advice for the next occupant...
[via Alan Rappeport at CFO.com] Those seeking historical context for today's credit crisis and hoping to learn from John Kenneth Galbraith's The Great Crash of 1929 will have to wait. It's on back order at Amazon (until Nov 13) and apparently sold...
Yesterday Greenspan seemed to admit he was wrong, or rather that the world wasn't behaving as he anticipated it would and that his anti-regulation, free-market ideology has a "flaw." He told a House committee Thursday that the banking and housing...
The US and International Accounting standards boards are convening an advisory group to address issues stemming from the credit crisis – starting with fair-value rules. [via CFO.com – emphasis mine] While central bankers and G7 leaders work to form...
In honor of tonight's debate, here's a political post. In a special report on the US election, The Economist magazine publishes the results of their recent survey of leading economists on the two candidates economic plans. Full data is available...
Over at Information Arbitrage, Roger Ehrenberg has the following reflection on the predicament facing many blue chip companies in the midst of the financial crisis: Does GE really perceive themselves to be AAA if they are motivated to raise money on the terms...
Timely articles at GTNews: Europe's Response to the Market MeltdownSanjima DeZoysa, Editor, gtnewsIn Europe, it's every country for itself as the continent reacts to the credit crunch. Depositor guarantees and state intervention are the key talking points...
