Browsing All posts tagged under »financial crisis«

Happy April Fool’s Day: The Real Joke Happens The Rest Of The Year

April 1, 2009


So, this is April Fool’s Day. And what have you done? Another year over. A new one just begun.  As far as I can tell, there is no genuine consensus on the origin of April’s annual day of pranks. Even so, there is a dominant theme that runs through many of the educated guesses I’ve […]

The Bigger They Are The Harder They Should Fall: Let AIG Die and Let’s Get on With Renewal

March 21, 2009


Just when you think AIG couldn’t look worse, the crack team of greed-parasites (formally known as “the management team”) one up themselves. This just in: after causing a huge furor by admitting they were contractually obliged to pay about $165-million in retention pay “bonuses” to the “we destroyed the company / financial system unit” (formally […]

How Do You Spell Blood-Sucking-Greed-Machine-Parasite In Canadian? NORTEL, eh.

March 21, 2009


Wow. Double wow. Look directly at camera, shrug shoulders, and roll eyes. Triple wow. This just in from the world of corporate executive greed — Canadian stylz. This time the player is Nortel Networks Corp. Another retention plan. More executive “bonuses.” For the very same crazy cats that helped “manage” the company to bankruptcy protection. […]

Today’s Nero Doesn’t Play the Violin, He Reads Cases: Academics and the Crisis in (Management) Practice

March 17, 2009


A good friend of mine forwarded to me a useful article. In it, Henry Mintzber argues that the financial crisis, which he characterizes as a crisis in management, may have its roots in the rise of the academic business program. For the article click here. The essential message: good business management practice is not something a […]

How Do You Spell Blood-Sucking-Greed-Machine-Parasite? AIG

March 16, 2009


This just in: American International Group [good ol’ AIG ] is doling out tens of millions of dollars in new bonuses to some of its executives, after receiving more than $US 170-billion in aid from American taxpayers. But, wait! It gets better! No, seriously. Wait for it. Wait for it. The lion’s share of the payments […]

How to Knee-Cap Your Grandchildren: A Financial Crisis Round-Up, For Those Of You Playing Along At Home

March 6, 2009


There is a general consensus: the present financial crisis was spurred by the US Fed’s decision to keep interest rates artificially low, which created incentives for investors to find new and, eventually, unorthodox investment opportunities (e.g. mortgages), which created incentives for some companies to circumvent or ignore financial regulations in order to make questionable investment opportunities (e.g. sub-prime […]

Credit Crisis Explained (Visually) : Worth Watching

March 1, 2009


Very helpful and clear. Worth watching.   For more of my social and political commentary, click here.