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Friday, November 20, 2009
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Just Thinking
Robert Benmosche, who perhaps underestimated the challenge before him when he answered the call last August to become the chief executive of government-controlled AIG, should do everyone a favor and call it quits before he has another temper tantrum.
Financial advisers are well-aware that client trust is the key to success, and without it, they simply would have no business.
If you're in the mood for some blood-pressure-raising non-fiction, take a look at The Corporate Library's latest report on executive compensation.
Wagging his finger from the bully pulpit of Federal Hall, President Obama reminded financial leaders last week of the urgent need for new, tighter financial regulation.
Although the Bernie Madoffs and R. Allen Stanfords of the world have dominated media attention, the fact is that most financial advisers are good, honest people who put their clients' interests first ...
SEC Chairman Mary Schapiro must be dealing with some restless nights lately, because she is overseeing an agency that appears to be asleep at the switch.
Just Thinking
Memo to Charles Rangel: Do the right thing and step down
Rep. Charles Rangel, the chairman of the tax-writing House Ways and Means Committee, has demonstrated a bizarre way of handling and reporting his finances, which has undermined his credibility in Congress.
Federal Judge Jed Rakoff, who challenged the $33 million settlement worked out between the Securities and Exchange Commission and Bank of America Corp., is my new hero.
Whenever I attend industry events, advisers often stop to tell me how much they enjoy InvestmentNews — our print edition, the website, our daily alerts, webcasts and monthly e-newsletters.
The Obama administration's plan to review the executive compensation packages of banks and big businesses that have received federal bailout money has sparked active debate.
When Bill Bisson called me into his office the week before last to say he was retiring after 34 years with the company, I said: “Good for you; bad for us.”
In an effort to energize the economy, stimulus checks are being mailed to millions of people. Unfortunately, thousands of the recipients are dead.
I would trust Richard Salmen with my hard-earned money.
Many financial advisers are falling short in their knowledge and use of technology.
Tax day is Wednesday, and once again the Internal Revenue Service won't collect billions of dollars owed by taxpayers.
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