Plain vanilla equity is dirt cheap. The more exotic trades generate more bang…
In 2008 we witnessed a global recession that affected tens of millions of people worldwide. Names like Freddie Mac and Lehman Brothers, and terms like housing bubble, liquidity crisis, over-leveraged, commodity boom dominated global headlines. Stock markets worldwide lost trillions of dollars in value, banks worldwide collapsed and millions of people were eventually left homeless.…
A Performance Measurement dashboard is an exceptionally useful system for measuring and visually reporting on key performance indicators. Combining key performance indicators with a dashboard better enables the organization to monitor, analyze and manage important business processes from numerous perspectives, impacting both organizational effectiveness and agility.
But in order to move forward, the U.S. would still have to “have a strong voice” in the development of international standards, the chief accountant of the Securities and Exchange Commission says.
THE reports outraged America: In the wake of Hurricane Katrina, people who fled the ravaged Gulf Coast were spending disaster relief, paid for by taxpayers, on tattoos, $800 handbags and trips to topless bars.It turned out that few, if any, Katrina evacuees actually did any such thing. A vast majority used debit cards issued by FEMA to buy necessities like food and clothing. But the damage was done: FEMA swore that it would never hand out money like that again.
Financial innovation can do a lot of good, says Andrew Palmer. It is its tendency to excess that must be curbed.
At this week’s CFO Corporate Performance Management Conference in New York, Jonah Keri, author of 2011’s The Extra 2%: How Wall Street Strategies Took a Major League Baseball Team from Worst to First, told how the Tampa Bay Rays managed to reach the playoffs three out of the last four years with one of the lowest payrolls in baseball.
In his excellent investing primer in Fortune (an excerpt of his forthcoming Annual Letter), Warren Buffett devotes a few paragraphs to gold and the fools who worship it.
He also explains why gold is generally a crappy investment, even if its price in dollars goes up from time to time (as it has over the past decade).
I enjoy maturity and evolution models of all kinds, especially for business. There is a stages of maturity model for information technologies and others such as for sales teams and their customer relationships. What I like about stages of maturity models is they provide confidence that regardless what stage one is at – low or high – there is a next step further up that can be attained in an evolutionary way.
The Financial Services Roundtable, the lobbying group for the biggest financial companies in the U.S., has a new “white paper” out with the rah rah title, “Financial Services: Safer & Stronger in 2012.” A few of the bullet points:
•Banks insured by the Federal Deposit Insurance Corporation have $1.5 trillion in capital — the highest capital levels in the history of American banking.
• The largest U.S. banks have increased Tier 1 capital — the core measure of a bank’s financial strength from a regulator’s point of view — by nearly 50 percent over the last four years.
• Executive compensation has been reformed significantly to align with long-term performance.
• Banks have developed fortress balance sheets, improving credit quality by 54 percent, increasing net income and, restoring aggregate lending to pre-crisis levels of nearly $7 trillion.