Guess there’s money in those index funds

It’s just been announced that David Booth, co-founder of Dimensional Fund Advisors, is giving $300 million to the University of Chicago Graduate School of Business, which will be renamed the University of Chicago Booth School of Business. Given that pretty much all of DFA’s product line has grown out of research done at the Chicago [...]

Does Larry Summers have too much baggage to be Treasury Secretary?

My thinking is no. But since it’s a question that a lot of people may be asking over the next few days, it is worth exploring. Summers was an awfully controversial guy a couple years ago. And the things that made him controversial will all be revisited if he has to sit through a Senate [...]

Barack Obama won’t raise your taxes. At least not in 2009

Let’s be clear about this: Barack Obama isn’t going to raise your taxes in 2009. He already said back in September, before the severity of the current economic downturn was apparent, that he would probably hold off on rescinding the Bush tax cuts on high-income households because of the fragility of the economy. In October, [...]

How to limit CEO pay: hire more women

Women get paid less. No news flash there. What’s a little more interesting in The Corporate Library’s look at how much money male and female CEOs make is that women actually have higher base salaries, but lose out overall once bonuses, perks and other cash incentives are added in. The research, by Paul Hodgson and [...]