Business issues and decision making.
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?
Continue readingThe Wall Street traders have been reading my blog.
Blackrock has lodged its 2023 annual report with the US securities exchange this week. It contains an interesting disclosure.
Continue readingIt must be around 20 or 25 years ago that BP rebranded itself: Beyond Petroleum. Remember?
Continue readingThe best parody accounts are those that leftists don’t recognise as parody. They get fooled.
Continue readingUpdate: 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.
——————
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 reading“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.
Continue readingAviva is a financial services firm. Its CEO is Amanda Blanc. She must have nothing to do. If so, the firm, its investors, clients and staff would be better off if Amanda just admitted it and disappeared.
Continue readingI’m sure my readers don’t need to be told that 2023 is proving to be a challenging year for investors.
Continue reading
Australian Actuary 