Tomorrow's the deadline for Borders to repay its loan to Pershing Square Capital Management (which, of course, has been extended several times in the past). Meanwhile, there are rumors circulating around that it's securing financing to pay off the loan. What a cliffhanger, though. [more]
... for proxy statements. It looks like it might be a pivotal proxy season in some ways.
Today's piece for Fool.com on ending the era of entitlement. Don't a lot of folks seem to feel awfully entitled to certain things, just because that's how things are, the ways things have been, and nobody's supposed to question that status quo? Many CEOs seem to have this attitude way too often, to the ultrimate detriment of shareholders. [more]
Today on Fool.com I wrote about ditching the dysfunction in corporate America. I believe the status quo has shown serious weakness over and over, and that better corporate governance at more companies would be a step in the right direction. [more]
I have dubbed the malady Sirius Syndrome, and put those who seem to suffer from it on a Walk of Shame this week, for a discussion of the cult-like attachment (and verbally violent loyalty) that many investors can fall into. (And of course, it's not limited to those who adore Sirius XM and don't want to hear any hint of negativity about it...) But anyway, it can be very dangerous to one's portfolio. [more]
... of what I called "smartest guys in the room syndrome" in 2008, in response to some of the information I was hearing filtering out of the Congressional hearings at the time regarding Lehman Brothers and Dick Fuld. I guess at the time I was talking about sort of generalized hubris and self-serving behavior and how that creates a breeding ground for disaster, but given today's news it looks like some comparison to Enron might have been a little more relevant than I thought at the time. [more]
I was catching up a little with my Fast Company reading last night (it's like a page or two every couple days, kind of sad) and found this piece about Pepsi's Frito-Lay division and just thought WOW. It was easy to assume an entity like Frito-Lay would be pretty old-fashioned and staid, but a lot of this stuff sounds truly innovative and forward-thinking to me. Good stuff. [more]
I wrote a piece for Fool.com yesterday about how when it comes to messed up stuff, Goldman Sachs always seems to be there. (And I might be insulting bad pennies and squid, although, of course, Rolling Stone's Matt Taibbi's responsible for the "vampire squid" metaphor. But I do love metaphors, as is displayed in my piece.) [more]