Bear Market Silver Linings [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] Maybe a bear market — if that’s what we’re headed into — will force Corporate America and Wall Street to make changes that could be easily...Read More
Greedy, Corrupt Executives? Punish the Shareholders (Huh?!?) If you’re not persuaded by my case for jailing bankers instead of penalizing shareholders — again — for bankers’ greedy, corrupt behavior, The New Yorker’s James Surowiecki makes a very similar argument. Here’s an excerpt: “If you really want to punish and, perhaps more important, deter bad corporate...Read More
Risk Without Return, Pay for Non-Performance An out-of-town visitor was being shown the wonders of the New York financial district. When the party arrived at the Battery, one of his guides indicated some handsome ships riding at anchor. He said, “Look, those are the bankers’ and brokers’ yachts.” “Where are the customers’ yachts?” asked the...Read More
