The always brilliant Michael Lewis and David Einhorn are guest op-ed contributors in today's NYTimes. Their (very long and convincing) argument is that misaligned interests throughout the financial eco-system contribute to a systemic problem: short-term gain vs....
At Forte Financial Glenbrook Partners we've been gripped by the credit crisis, yet drowning in news and data. We suspect that you, too, would appreciate a guide to the gems of insight and plainspoken verbiage that explain, question, and illuminate these unprecedented...
I am happy to see this year go! It's hard, with all the market turmoil and uncertainty to remember the good things that happened this year. So, rather than dwell on the negative, here's my (admittedly subjective) take on 2008: GOOD NEWS of 2008 As a result...
According to Gordon Grand, head of CFO recruiting at search firm Russell Reynolds Associates CFO is "the least secure job in corporate America" as reported in the WSJ. Recruiters and finance chiefs say CFOs are quitting or being ousted because the demands of...
Not surprisingly, CFOs and finance executives are struggling to forecast revenue and profit in the midst of market uncertainty. CFO Magazine reports that companies are strengthening their scenario-planning, sensitivity analysis, and contingency planning capabilities...
The Financial Page in next week's New Yorker is devoted to Timothy Geithner: For better or worse, we now live in a world in which the Treasury Secretary controls hundreds of billions of dollars in spending and shapes the fate of some of the nation’s biggest...
Condolences to her family and to Bill McBride at Calculated Risk. Her expertise, dry humor, and prescient commentary will be missed. From the NYTimes Thanks in large part to Tanta’s contributions, Calculated Risk became a crucial source of prescient analysis as the...
A new study from Deloitte reveals that there is a high correlation between bankruptcy and fraud. With economic conditions likely to drive more companies to consider filing for bankruptcy protection, one potential concern is whether the greater scrutiny that generally...
A survey of corporate finance professionals attending the annual Association for Financial Professionals (AFP) conference in LA this week reveals that they perceive the credit market is stabilizing due to recent government actions. The U.S. Treasury plan to purchase...
The Economist just published a short history of Modern finance, putting the recent market gyrations in context: [excerpt] THE autumn of 2008 marks the end of an era. After a generation of standing ever further back from the business of finance, governments have been...
