When I first met Steve Cohen back in 1999, we were discussing SAC’s vaunted trading strategies, the ones that made his hedge fund one of the most successful in the finance world and burnished Cohen’s rep as one of the …
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U.S. Poised to Charge Billionaire Steve Cohen’s SAC Capital Hedge Fund
The feds want to put the Wall Street billionaire out of business
The Most Dangerous States To Work In America—And The Most Dangerous Jobs To Have In Them
There’s a significant cultural subset in this country filled with people obsessed by workplace safety—and we’re not just talking about actuaries and insurance reps. Deadliest Catch and Ice Road Truckers are only the most obvious manifestations of this curious interest, as even the most cursory “dangerous jobs” search engine query will …
Netflix Is Hot. The Competition Is Not. Yet.
Netflix’s profit quadrupled but Wall Street was looking for stronger subscriber growth.
Fewer Americans Will Work: What That Means for the Economy
With last year’s presidential election so focused on jobs and the economy, the American public probably knows more about the nuances of the unemployment rate than they ever have before. One particular of the official unemployment rate that received attention last year is that the Labor Department counts someone as unemployed only if he …
Rewiring the Banker Brain
A culture shift is still needed to reconnect finance with the real economy.
U.S. Regulators File Charges Against Hedge Fund Billionaire Steve Cohen
The SEC is seeking to bar the reclusive hedge fund titan from managing investor funds.
You’re Spending Too Much!
Why saving — not spending — is what the economy really needs.
Viewpoint: The Case for Government-Backed Terrorism Insurance
This article was adapted from the testimony of Erwann Michel-Kerjan, managing director of Wharton’s Risk Management and Decision Processes Center, before the U.S. Congress, House Subcommittee on Insurance, Housing and Community Opportunity’s Committee on Financial Services in 2012.
Given the series of unprecedented disasters and …
How to Know a Patent Troll When You See One? You Can’t
Back in late 2011, a company named Innovatio threatened to sue 8,000 coffee shops, hotels, and stores around the United States, claiming that the Wi-Fi networks they had set up for their customers were illegal. The networks, Innovatio claimed, violated patents it held on Wi-Fi technology. But Innovatio hadn’t invented Wi-Fi. In fact, …
The Uber Challenge
This post marks the debut of The Drucker Difference on Time.com. It will appear every Wednesday.
In his 1976 biography of Peter Drucker, John Tarrant underscored the management thinker’s popularity by likening him to an eminent orchestra conductor who, hurrying out of a busy urban train station, hopped into a taxi. “Where to?” the
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Insider Trading: Bad, But Not the Real Scourge of Wall Street
Americans hate cheaters, and they don’t like those who have an unfair advantage, which is why when you ask most people about insider trading, they’ll usually say that the perpetrators belong in jail.
To that end, the biggest
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