Cast your mind back to the year 1996. That year saw the Dow close above 6,000 for the first time. The Chicago Bulls won their fourth NBA title, and Mel Gibson’s Braveheart filled theaters around the country. It was also the year when things started to go wrong for Deutsche Bank. At least that’s the view […]
Goldman Sachs has had a string of ugly news headlines lately over its dealings with Libya’s sovereign wealth fund, its role in the collapse of a British retailer and its ties to an investment fund in Malaysia embroiled in a corruption probe. But this post is not about those things.
For a business that makes its living from intermediating disruption, Wall Street is remarkably inept at dealing with its own ebbing fortunes. Just look at the recent announcements from two big banks.
You almost feel sorry for Tidjane Thiam, the CEO of Credit Suisse. According to a New York Times article, he offended the firm’s princely investment bankers, apparently by speaking harshly to them and insisting they stop losing the shareholders’ money. Now they are throwing their Gucci loafers at him and warning the castle is about […]
We are just days into the New Year, but the first PR coup of 2016 belongs to Charles Koch, head of Koch Industries and the demon-mogul of Democratic candidates everywhere. Mr. Koch gave a rare interview to the Financial Times that allowed him to pitch his ideas, refute his critics and send a message to […]
Risky moves in the restaurant industry are usually confined to the menu. But Union Square Hospitality Group, owner of some of New York’s most renowned eateries, took a bold step last week by announcing it would end tipping. It shows that even a successful business sometimes has to make a radical change to thrive.
Like a modern-day Molotov cocktail, the lawsuit filed by Bill Gross against his former employer and colleagues at Pimco burst into flame on the internet, just as intended. It’s an example of how lawyers are starting to realize that telling a sizzling story is at least as important as making a strong legal argument.
Congratulations, you’re a public company. Now what? An IPO is a crowning achievement for a company and its management, the fruit of much hard work. But being a public company can present challenges they might never have faced before. We have created some guidelines – called The Ten Commandments of Investor Relations for Newly Public Companies – to […]
We’re past the point where Donald Trump’s rise to the top of the Republican heap can be explained by luck or a passing summer fling. No, it’s more than that, and Hillary Clinton and her advisers could learn a thing or two from how Trump is campaigning.
When Apple shares were plunging amid a broad market rout yesterday, Apple CEO Tim Cook penned a short email to Jim Cramer, host of CNBC’s “Mad Money,” to provide reassurance about Apple’s business in China. The shares promptly rallied. It’s not always that easy to quell a panic, but there are a few important lessons […]