It’s hard to keep up, sometimes. A decade or so ago, it was hard to keep up with the new paradigm, the “this time it’s different” mantra that to most sensible people reignited painful memories of the previous time it was different.
Continue readingBusiness
Business issues and decision making.
Yet another license?
They say that to a man with a hammer, every problem looks like a nail. When it comes to the retirement incomes sector in Australia, the equivalent mindset seems to sit within the head of Jeremy Cooper.
Continue readingHow not to win clients or influence people
If you were a top executive of the world’s largest asset manager and a client withdrew US$8.5b from your management would you:
a) Be disappointed and then talk privately to the ex client about their rationale, or
b) Issue a public letter to the ex client condemning their actions as putting short term politics over fiduciary obligations and urging them to reconsider their decision?
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Wall Street
The Wall Street traders have been reading my blog.
Blackrock SEC filing discloses knowledge of ESG risk
Blackrock has lodged its 2023 annual report with the US securities exchange this week. It contains an interesting disclosure.
Continue readingBP – back to petroleum
It must be around 20 or 25 years ago that BP rebranded itself: Beyond Petroleum. Remember?
Continue readingParody accounts
The best parody accounts are those that leftists don’t recognise as parody. They get fooled.
Continue readingThat must have Hert(z)
Update: Hertz announced on March 15, 2024 that that the CEO was being replaced, effective March 31. Another idiot bites the dust, but not before trashing a big chunk of shareholder funds.
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I am not a shareholder of the Hertz Inc car rental company. Fortunately. For I think Hertz shareholders have every right to be thoroughly disappointed in the Board.
Continue readingCorporate cowardice or ignorance? And a bonus: the origin of the term ‘woke’
“Is business getting the balance right between investor, customer and other stakeholder demands when it comes to ESG issues?” The question could have been loaded. But it wasn’t.
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Australian Actuary 