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One Lesson From Facebook IPO: Like Zuckerberg, Rule Yourself
Tweet Share on Facebook May 15, 2012 Comment (1)Facebook may or may not juice the market for promising young companies hoping to go public. But it has already set a strong example for entrepreneurs who want to build their companies into influential game-changers instead of taking a safer route—selling out to a competitor or a goliath.
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Why J.P. Morgan's Big Loss Isn't Your Problem
Tweet Share on Facebook May 15, 2012 CommentIs it a sign that the whole banking system is in trouble again? Or just a foolish mistake at one company? CBS News invited me on-air recently to discuss how the huge trading loss at J.P. Morgan Chase affects ordinary people.
Here's the clip:
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Shareholders Send Elite CEOs Running For Cover
Tweet Share on Facebook May 14, 2012 CommentBosses may not be as immune to punishment as it once seemed.
Over the last few weeks, there have been a surprising number of high-profile firings related to screw-ups, poor performance and outright deception. At J.P. Morgan Chase, for example, chief investment officer Ina Drew recently stepped down for her role overseeing a $2.3 billion trading loss that has so far knocked about $17 billion off the bank's market value. Some critics are also calling for the departure of CEO Jamie Dimon, who has acknowledged mistakes that were "egregious" and "self-inflicted."
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Where the Jobs Are, and the College Grads Aren't
Tweet Share on Facebook May 14, 2012 Comment (2)Dear Graduating Seniors: Apparently you're hosed.
It's no secret that it's a tough job market for new college grads, as it is for many other workers. But it may be worse than that. Some critics complain that today's grads are narcissistic and fragile, with fanciful expectations of easy work and high pay.
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How Winners Turn Setbacks Into Success
Tweet Share on Facebook May 11, 2012 CommentYahoo! Finance recently invited me on its Daily Ticker program with Aaron Task to talk about my new book Rebounders: How Winners Pivot from Setback to Success. Here's the clip:
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At J.P. Morgan, CEO Jamie Dimon Messes Up the Right Way
Tweet Share on Facebook May 11, 2012 Comment (5)One thing is refreshing about the way J.P. Morgan Chase has handled its gigantic $2 billion trading loss: It admitted that it screwed up.
This is novel on Wall Street. Over the last few years, we watched titans at AIG, Merrill Lynch, and Citigroup walk away with nine-figure paychecks while leaving their firms in tatters, indicating no regret whatsoever. When Lehman Brothers collapsed in 2008, CEO Richard Fuld blamed competitors, the press, and the government, but largely exempted himself for Lehman's massive mistakes. Goldman Sachs has issued one legalistic, self-righteous explanation after another in response to criticism of its Machiavellian habit of putting its own interests ahead of customers. Has it ever done anything wrong? Banish the thought.
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The F-35 Shows Why the Pentagon Deserves a Smaller Budget
Tweet Share on Facebook May 10, 2012 Comment (14)Let the scaremongering begin.
Every time the Pentagon budget is vulnerable to cuts, we hear about the huge risks that would ensue. Defense jobs would get cut, depressing the economy. American military technology would fall behind. Terrorists would get a free hand. China would sneak up on us.
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Why Small Investors Are Missing Out on Big Gains
Tweet Share on Facebook May 9, 2012 Comment (1)Yahoo! Finance recently invited me on its Daily Ticker program to discuss why small investors seem to have abandoned the stock market. Here's the clip:
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Why Mark Zuckerberg Might Be Too Successful
Tweet Share on Facebook May 9, 2012 Comment (1)In its brief, eight-year history, Facebook has become one of the all-time legendary success stories. But there's still one thing missing from founder Mark Zuckerberg's resume: A prominent failure to learn from.
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In Defense of the Chevy Volt
Tweet Share on Facebook May 8, 2012 Comment (67)Cars don't usually vote in elections, but one vehicle is playing an unusual role in this year's presidential campaign: the Chevrolet Volt.
