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Non-profits catch the contagion of greed
Image via Wikipedia Lately many of us — certainly me — have come to use financier and trader as shortcut for greedy, soulless, amoral type. Truth is, of course, that lots of local banks, small...
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Goldman Closes a Chapter…But Probably Keeps Writing the Book
Image via Wikipedia So I said all along Blankfein would keep his job as Goldman Sachs’ chief, no matter what happens — the firm has made yacht-loads of money under his leadership, and when all is said...
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Box office futures, R.I.P. — thank goodness
Image via Wikipedia I’ve had a couple — really, only a couple — of people push back at me when I’ve said that CDOs and other exotic financial instruments exist only to enrich their creators, and are...
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Yes, Virginia, you CAN tackle CEO pay
Image via Wikipedia I just got a press release from the American Accounting Association that shocked the bejeezus out of me: Contrary to what every cynical bone in my body dictates, shareholders at...
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Another penny-wise, pound-foolish health care cut
Image by Getty Images via @daylife Don’t these people ever learn? There’s a heartbreaking piece in today’s New York Times that chronicles how at least half of these United States, grappling with...
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Watch out, G.M. — that’s a tightrope you’re walking
Image by AFP/Getty Images via @daylife General Motors just spent $3.5 billion to buy Americredit, a subprime lender. I guess it’s good news — first, that G.M. actually HAS $3.5 billion (probably from...
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Why I want the names of the best-paid financiers
Image by Lomo-Cam via Flickr There’s nothing surprising about the latest — and probably final — report that Ken Feinberg, who is about to trade his role as Washington’s pay czar for one as it’s BP...
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BP axes Tony Hayward: Should investors flock back?
Image by Getty Images North America via @daylife Remember social investing’s good old days? Before Apartheid was struck down, a growing number of socially conscious investors refused to own shares in...
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Nostalgia trumps technology — yippee!
Okay, okay, we know I’m one of the fogies, the folks who insist that the old days — whoops, ’scuse me, I mean the good old days — were better in many respects than the techno-crazed present. Anyone...
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Why non-profit execs are not paid too much
Image via Wikipedia Anger over executive salaries is fast turning into a witch hunt. We’ve no longer just down on financiers, but also on state employees, on teachers, on just about everyone. It seems...
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