As news emerges that Merrill Lynch is posting a loss of almost $8bn for the latest quarter (which seems like rather a lot), my eye was caught by this lovely little throw-away snippet in the FT (subs. required): Robert Law, banks analyst at Lehman Brothers, said: “One of the biggest issues with the sector [...]
From the monthly archives:
October 2007
UPDATE: Brighty got 7 years. Hope he serves at least 8 of them. [24/10/2007] And so farewell, Mr Bright. You were too Independent for your own good–and for many others’ good too, it seems. Brighty is behind bars today, awaiting sentencing, for his part in the downfall of Independent Insurance 6 years ago. He [...]
Merlin Mann runs 43 Folders (a very good site on productivity, GTD etc). He also runs 5ives, in which he posts sporadically about 5 funny, semi-made-up things. Recently he had “5 nouns from which it can be difficult to scrub the scent of utter bullshit”: Performance Excellence Mission Statement Synergy Enterprise I don’t think you’ll find [...]
Only 2 years after paying over some $850m to Eliot Spitzer, Guy Carp have fallen foul of Connecticut A-G, Richard Blumenthal. In a newly-filed lawsuit, he accuses the broker of price-fixing and anti-competitive practices going back 50 years or so. GC say he simply doesn’t understand what reinsurance is and how it works: “The [...]
