Brokers
Once again, Tom Vanderwell here with some thoughts about moral hazard....Barry Ritholz at The Big Picture had these two comics that brought to the forefront again the issue of moral hazard. Check out the comics and then we'll talk "on...
Bonus season has ended, and so the spring investment banker migration begins. Having been paid a piece of profits for their part in last year's deals, bankers are now looking for greener fields. How did they do? Well, here is...
Readers of Infectious Greed are, of course, a well-educated and intelligent group, which means many of you are under-employed and/or wishing for interesting things to do with all those degrees of yours. Well, worry no more. The kind folks at...
A headline from today's WSJ online:"Client Not Always First on Wall Street" ...
According to the current Advertising Age, things were busy, if nervous, at this week's National Association of Television Program Executives (NATPE -- pronounced to (sort of) rhyme with "nasty") conference in Las Vegas. TV execs can't figure out where the...
My National Post column today was on bumpf and posturing at the World Economic Forum annual meeting in Davos.Update: Ah, if only I had seen this story before I had written the above column. Apparently the WEF anticipated my criticisms...
Microsoft's quarterly financial results tonight seemingly have many investors in a tizzy. It has nothing to do with the higher-than-expected equity compensation costs, however. Those are shuffling of costs from one period to another, and it isn't all that important...
Quirky piece in the Independent about Oracle CEO Larry Ellison's recent marriage to romance novelist Melanie Craft. It is requisitely snide in that U.K. way, so you get bon mots like the following: "At 34, Ms Craft is 25 years...
SEC chief William Donaldson is rumbling about taking a closer look at "decimalization". While most investors see prices being quoted in pennies rather than fractions as a huge win, the industry isn't so sure, and it tells regular scare-stories about...
May 8th will see a no-doubt downbeat report by Frontline on the brokerage industry, Worldcom, and Wall Street's latest escapades. I'm not sure what more there is left to say on this subject, and snippets in Frontline's press prelease promoting...
The journey down a long, winding, and often silly path to a settlement in the suit by New York Attorney General Elliot Spitzer against the brokerage firms will end tomorrow in New York. The agreement will include around $1.4-billion in...
