I spent the day in Sacramento serving on an advisory board that I helped create by passing some legislation a few years ago, and when I came back home I discovered something interesting on the web. Ann Salisbury, a Gray Davis volunteer, wants to remind us of Gray’s accomplishments, so she’s posted a list of [...]
BBH&Co. Insurance Asset Management reports on expensing options:
Every scandal has its poster children. For some reason, the lack of income statement accounting for executive stock options has become the scapegoat of choice for the most recent wave of corporate scandals. Former JPMorgan executive Walter Cadette declared in a recent New York Times Op-Ed that “the [...]
Nova last night was a repeat of a 2000 show on the spectacular failure of Long Term Capital Management, a hedge fund setup to use the Black-Scholes and similar models (Scholes himself was one of the principals) to make hugely leveraged investments in virtually all the world’s financial markets. LTCM collapsed and threatened to take [...]
Op-Ed columns are supposed to represent the point of view of the writer, and not that of the paper in which they’re published. They’re a primary vehicle for broadening the scope of newspaper’s editorial pages, and for bringing voices into the public policy dialog that wouldn’t otherwise be represented. This isn’t the case at the [...]
WSJ.com – Thinking Things Over discusses options today:
To put it another way: The essential purpose of earnings reports is to help the market price stocks accurately, so incorporating the share price into earnings is circular and confusing. Earnings per share is a calculation with a numerator and a denominator. Options will already show up in [...]
Robert Novak, the Prince of Darkness, has the smoking gun proving that the Clinton White House used the IRS to harass its enemies. Since the Clintons left the White House, former IRS agents leaked Bill Simon’s tax returns to the press:
A filing in the court last Jan. 7 indicates the documents were released by lawyers [...]
This is why I read Talking Points Memo: by Joshua Micah Marshall:
Maybe federal employees shouldn’t get the double protection of unions and civil service status. It’s not an unreasonable argument. If that’s what the president believes, he should send up a separate bill abolishing the civil service system.
Although my preference would be to abolish collective [...]
Ben Fritz of Spinsanity does yeoman’s work in taking apart Bob Scheer’s recent attack on Vice-President Cheney line-by-line:
Two of Scheer’s accusations of “a slimy trail of conflict-of-interest questions” are similarly unfair. First, he points out that while Cheney was Secretary of Defense under the first President Bush, he “conveniently changed the rules restricting private contractors [...]
– John Hiler has his survey of weblog tools up at The Microcontent News Blogging Software Roundup – Part One of the Weblog Industry Report
I’ve hoped for a while now that someone would sort out this weblog fruit basket, so we could compare apples-to-apples and oranges-to-oranges. So far, it hasn’t happened… so over [...]
A friend sent me this e-mail which was circulated around his company recently. As this was an internal document, I’ve elided the company’s name, but pass it on because it’s an excellent idea. If Coca-Cola wants to dictate employment practices to other industries, those of us who disapprove of their position can dictate back. [...]
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