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…
Survival mode is the order of the day
It won't surprise anyone that CEOs are finding risk management at the top of their agendas these days as they move to survival mode. The Conference Board's recent survey finds…
Better the devil you know?
Now, if this was a Knight of the Round Table, bearing the sword of Exkalibur, that would be one thing. Alas, not.
Rather, it’s an insidious invader disguised as a heroic force, riding to the rescue of American companies facing catastrophic economic ruin. So, as I watched portions of the Congressional hearings this week featuring the CEOs of America’s automakers, I couldn’t help but think: Where did the congressmen and senators learn about the auto industry?
How are they qualified to assess the business plans of the three U.S. automakers? (more…)
Executive Compensation – Keep the Government OUT!
There's been an endless series of speeches and self-serving righteousness about executive compensation on Wall St., the value of golden parachutes and the egregious exit pay of chief executives.There's no…
Just how slippery is that slippery slope?
Gretchen Morgenson's column in yesterday's NY Times offers an interesting summary of the Executive Compensation guidelines that accompany the taxpayer's investment in the capital markets. A government rescue effort looks…