Wall Street apologist Geoff Colvin has done it again. In his recent Value Driven article (“Sympathy for the Devils“, FORTUNE, May 25), Colvin argued that Wall Street shouldn’t be punished [for the excesses] because “restoring profitability to the banks will require paying bonuses”. He further tried to lay blame for the public outrage on a… Read More »
Here comes Dickhead Cheney again, trying to save his “legacy” (or rather his sorry ass from being tried for crimes against humanity). It’s disheartening to see The Economist pander so shamelessly to the neo-cons: “THE contrast was stark: on the one hand Barack Obama, young, idealistic, wet-behind the ears, and on the other Dick Cheney,… Read More »
I’m beginning to tire of Geoff Colvin’s anti-government stance in his regular Value Driven column in FORTUNE magazine. In a recent piece (“Will the Motor City Shakeup Work?“, April 27), Colvin argued that General Motors‘ fate has less to do with the new CEO Fritz Henderson than with the restructuring model the US government is… Read More »
In his recent Value Driven column (“Chris Dodd Wants to scrap Your Bonus“, FORTUNE magazine, March 16), Geoff Colvin argued that the proposed tough new limits on Wall Street bonuses in the US stimulus package will “inadvertently reward nonperformance and drive talented financiers away from the companies that need them most”. Ignoring the simplistic examples… Read More »
Looks like product recalls are now the vogue, and it’s not just in the food industry. Google, in typical do no evil fashion, has unveiled a new feature for Gmail that allows users to hit the panic button and “Undo” the sending of an e-mail message, for whatever reasons. But you have to act fast… Read More »
Citigroup’s shares rallied last week, on the back of CEO Vikram Pandit’s “leaked memo” reassurring his troops that “we are profitable through the first two months of 2009 and are having our best quarter-to-date performance since the third quarter of 2007”. Shares of the financial services provider have been under constant pressure since its bailout… Read More »