ISDA’s Media Comment blog offers a great critique of the Wall Street Journal’s coverage of the process to determine whether Greek sovereign credit default swaps have experienced a credit event as a result of the country’s latest debt restructuring.
Somewhere inside Goldman Sachs a managing director in human resources is anxiously leafing through a stack of resumes looking for a candidate to replace PR chief Lucas van Praag, who retires at the end of March. There’s been little news since Lucas’s departure leaked a month ago and a former Treasury staffer was tipped as […]
It was appalling to read news reports that US Air Force officials dumped the remains of victims of the 9/11 terror attacks in a landfill. I can think of nothing more distressing for a victim’s family, nor shameful for a country, than to learn that these remains were treated so carelessly. Perhaps the time has […]
We don’t yet know how much Bob Diamond was paid for running Barclays last year. We do know the bank will cap cash bonuses at £65,000 (about $100,000), joining a growing list of banks that have bowed to shareholder and public pressure to curb payouts. Barclays could have reported Diamond’s compensation yesterday, but it decided […]
Three months after its IPO, Groupon reported earnings that were good but not as good as many expected, and the shares tumbled. You might expect the management team to be rattled and strike a defensive tone on its conference call with investors. Instead, the call was all business: detailed, candid and orderly. Groupon CEO Andrew […]
Insurance company earnings calls are normally staid affairs. But Hartford Financial Group had a sudden burst of excitement yesterday as its largest shareholder, hedge fund titan John Paulson, joined the call. He hammered CEO Liam McGee for not being more specific about his plans for increasing shareholder value at the company, which saw its shares […]
In an interview after the Super Bowl, New York Giants Head Coach Tom Coughlin reflected on his team’s remarkable success. Coughlin’s secret for brining out the best in his players was simple: he told them he loved them. According to the New York Post, Coughlin recalled his speech to his players the night before the […]
Lucas van Praag, the longtime communications chief at Goldman Sachs, is stepping down. To those of us in the PR trade, this news yesterday was much more significant than Facebook’s IPO filing and the legion of twentysomething millionaires it will spawn. Van Praag has done a brilliant job of defending Goldman and handling the outsized […]
Attorneys for News Corporation investigating the phone-hacking scandal at the now-defunct UK tabloid News of the World revealed today that emails warning of widespread hacking were deleted from James Murdoch’s computer. The New York Times reports: “Rupert Murdoch’s son James that referred to “a nightmare scenario” of legal repercussions from widespread phone hacking at the […]
David Rubenstein wants to have it both ways. He’d like us to believe that he’s a reasonable fellow, ready to pay more tax if Congress would only change the law, according to a New York Times report:. “If you change the law, we’ll pay the taxes,” Mr. Rubenstein said to scattered applause during a debate […]