The W$J has a big front-page story on Bear Stearns CEO James Cayne’s priorities:
During 10 critical days of this crisis — one of the worst in the securities firm’s 84-year history — Bear’s chief executive wasn’t near his Wall Street office. James Cayne was playing in a bridge tournament in Nashville, Tenn., without a cellphone or an
…
I hesitate to share things that have already been shared by bloggers far more prominent than I (in this case Paul Kedrosky, who got it from Marc Andreessen), but this ITV comedy Q&A on the mortgage meltdown by John Bird and John Fortune is just too brilliant to pass up:
The description of the typical subprime borrower as an unemployed …
Business Week‘s Michael Mandel has this to say about the economy’s apparent resilience:
[W]e now may be in a world of mini-recessions–sharp falls in one or two sectors which do not pull down the whole economy. Think about the different parts of the economy as being connected by springs (or slinkys, if you want). A sharp drop in one
…
Lex Hoogduin, chief economist for the big Dutch money manager Robeco (and columnist for Het Financieele Dagblad) stopped by this morning. Among the things he said was that when he makes a presentation in the U.S., he usually gets questions that seem aimed making him come out with a sunnier forecast than he really means to. In Germany, on …
The most ghoulish thing you may confront today are your colleague’s costumes. Says Marketwatch,
According to research from the National Retail Federation, 33.8% of adults plan on dressing in costume for Halloween this year. And there’s a good chance many of them will be dressing up in the office: A CareerBuilder.com survey in 2005 found
…
Design by Curious Capitalist Jr. Carving by me.
The headline number in the S&P/Case-Shiller Home Price Indices released this morning was that U.S. home prices dropped 4.4% in the 12 months ending in August. But it’s in the metropolitan-area details that the Case-Shiller data gets really interesting. So with the help of Time.com graphics whiz Feilding Cage, I charted them:
Pretty …
Zac Efron (there, two High School Musical references in a day–my life’s work is done) does it. So does John Mayer, Ryan Seacrest and any CEO who has ever spent time under the hot glare of TV lights.
So would you, gentlemen, wear men’s makeup for work?
Nah, says this article by Kibun Kim in Salon today. It cites:
A GQ survey in 2005
…
More than a day after the WSJ and NYT declared in no uncertain terms that he was out, Merrill Lynch CEO Stan O’Neal finally “retired” this morning. I was starting to wonder if O’Neal might be staging some sort of rearguard save-my-job action, but I guess it just took time to negotiate a cushy enough exit package.
That should return …
As you may have heard, the union that represents movie and TV writers is about to launch a strike. As of October 31, Guild members are to lay down their pens and refuse to write another word for their studio bosses. Of course, as a good buddy of mine who’s a successful TV producer grumbles, this edict won’t affect 90% of members, whom …
After I wrote a couple weeks ago that New York was at a disadvantage to London as a financial center because getting through immigration as a foreigner at JFK is so much more unpleasant than at Heathrow, Financial Times columnist (and now blogger!) John Gapper has this to report:
When I arrived in London, I got through the queue for UK
…
The Indian media are reporting that, only a few months after Mexico’s Carlos Slim Helu passed up Bill Gates to become the richest man on earth, Slim has already lost that distinction. From The Economic Times:
Following a strong share price rally on in his three group companies, India’s most valued firm Reliance Industries, Reliance
…
