Warren? Can you sit on my Board?
Warren Buffet's Chairman's letter in the annual report of Berkshire Hathaway is always a good read and offers a glimpse into the mind of America's investment éminence grise. It has…
Leadership Challenges
As usual, Jack and Suzy Welch are on target with their latest BW column, critizing the new Administration for various leadership "shortcomings". The valuable insight for business leaders is that…
John Maynard Keynes – Redux
“This is a nightmare, which will pass away with the morning. For the resources of nature and man’s devices are just as fertile and productive as they ever were. The…
Ken Lewis, BofA CEO, speaks to Congress
You should read the transcript From Ken Lewis testimony before the Financial Services Committee of the US House of Representatives. It is a reasoned discussion of Bank of America's performance…
Through a tarp over TARP – it’s done!
I’ve been a little remiss lately, but I’m energized by the flood of information about the woeful TARP plan. The New York Times on Sunday sketched out the results they’ve uncovered, which are abysmal. Isn’t it amazing that in the infinite wisdom of our Washington leadership that they’ve ploughed $350 million into a program full of promise but bereft of results?
First, there is no obligation that the financial institutions receiving the TARP money have to publicly disclose what they’re doing with the money. (more…)