The folks at Bitcoin have taken a very aggressive stance with regulators, who are eyeing the digital currency with suspicion. It’s following a path blazed by another upstart industry that operated in a grey zone of regulation – online gaming. That ended in a flurry of arrests and indictments. Will Bitcoin meet the same fate? […]
It has been quite a week for apologies. Hedge fund supremo Bill Ackman expressed regret over his money-losing bet on J.C. Penney. Dan Doctoroff, CEO of Bloomberg, released the results of an independent review of its data security and editorial practices and pledged steps to strengthen both. But when it came to the week’s biggest […]
News and data giant Bloomberg LP deserves high marks for a thorough and candid report on its data security and editorial practices – and for the way it was communicated.
Hedge fund manager Bill Ackman used the F word – failure – to describe his disastrous investment in retailer J.C. Penney. Mr. Ackman’s admission was honest, surprising and very shrewd. It is a risk that likely will pay off handsomely in the months ahead.
Readers of the Sunday New York Times found a scowling, unshaven Larry Summers on the front page, accompanying an article that questioned his fitness to lead the Fed given his close ties to Wall Street. The article was a first-rate takedown – a savaging that was thin on facts and lacking any kind of balance. […]
The passing of Steve Jobs left a big gap. Since his death nearly two years ago there hasn’t been a CEO with Jobs’s combination of brilliance, mystery and breathtaking commercial success. But with his surprise purchase of the Washington Post, Jeff Bezos might be stepping into the role Jobs left behind.
The market seems to like the merger of marketing giants Omnicom and Publicis. Shares of both companies are trading higher this morning. Shareholders have good reason to be pleased, but for clients and staff the deal looks less appealing.
I’m all for improving corporate earnings announcements. But the push by Yahoo, Netflix and other companies to broadcast their earnings from a television studio, complete with a borrowed cable-tv newscaster, is a triumph of style over substance.
There’s a fresh example of brand advertising by a big bank that is little more than self-congratulatory nonsense. This time it’s Caixa, the top savings bank in Spain.
The SEC has just opened the door for broad public marketing of investments from start-ups, hedge funds and private equity firms, breaking a taboo that has been in place for 80 years. No, we’re not likely to see Henry Kravis pitch buyout funds on late-night television alongside ads for pizza and discount furniture. But some […]