Before being forced out, Bed Bath & Beyond’s co-founders turned thrift, savvy merchandising & good timing into a co… https://t.co/qaPP1eJhQa— 15 hours 53 min ago via@theofrancis
@footnoted Oh wow. So glad you're all OK. What a nightmare.— 4 days 15 hours ago via@theofrancis
Striking story on due-diligence gone wrong, from Ron Liber of the New York Times: How Charlie Javice Got JPMorgan t… https://t.co/j2ivsbjpPI— 4 days 15 hours ago via@theofrancis
Unemployed Americans are spending more time out of work as employers slow hiring from a red-hot pace earlier in the… https://t.co/Iju8YFFNhn— 6 days 17 hours ago via@theofrancis
Crypto is back — in Davos, at least, along with Anthony Scaramucci — as redemption tour rolls on. Fun piece from Wa… https://t.co/l97mx4NtWd— 1 week 2 days ago via@theofrancis
By Friday evening, the heads of the world's 20 biggest economies -- from the US to South Africa, encompassing 85 percent of global economic activity -- will have dined, met, lunched, met again, and made their pronouncements.
If history is any judge, there may not be much in the way of immediate or lasting results.
The leaders of 20 of the world's biggest economies committed to a laundry list of executive pay reforms for financial firms, including limiting bonuses to a portion of total net revenues and linking them tightly to share prices. But don't count on sweeping mandates from regulators just yet.
President Barack Obama's plan to overhaul financial regulation covers everything from mortgages to hedge funds. But reform efforts in Europe may prove more significant for U.S. companies. European regulators are hashing out new rules for banks, insurers, and money managers that could put U.S. firms at a disadvantage.
World leaders are talking bravely about fixing the global financial system. As the Group of Twenty heads toward an important summit in Pittsburgh on Sept. 24-25, they are vowing to bang out a regulatory structure that will keep rich, careless bankers from once again driving their firms to ruin and then getting bailed out by taxpayers.
Call it pay day in Washington: The Federal Reserve and Treasury made a splash by unveiling sweeping compensation rules, mostly for executives at banks and other financial companies.