Two top Wall St chiefs enjoy $314m share bonanza

So how are the two guys going to support efforts to reign in Executive Compensation? They will not even try, so pseudo 'Fiduciaries' like these (and they are among the largest of them) need to be stripped of their voting power. Let them play the market but not supervise the corporations. More often than not they just are just renting the shares - there is no proper intent of taking the responsibilities of ownership, all governance efforts are purely cosmetic. Jamie Dimon in particular should not rattle on about the problems the USA face, he should just look in the mirror: HE IS PART OF THE PROBLEM!
(22-July-2017)
Two top Wall St chiefs enjoy $314m share bonanza

Will Private Equity Eat Itself?

Not woried about the industry as long as the existing model is not corrected by politics and regulators. Heads I win, tails you loose benefits the promoters, excessive executive compensation shielded from the public's (and ultimate investor's) oversight, what a wonderful world, for the few!
(7-July-2017)
Will Private Equity Eat Itself?

Exec Pay: another dead end

Scrapping performance targets and making CEO's and senior executives long-term shareholders sound like a neat solution to the problem of excessive pay and short-termism. It may help to reduce the latter but still leaves open the all-important question: How high should executive compensation be in the first place. And the corporate governance crowd is silent (or complacent? or both?)
(6-July-2017)

Indexes should not be blind

The importance of Indexes (and their well-paid providers) has expanded dramatically during the past few decades. First it was the institutions which benchmarked more and more products, now it is the avalanche of passive money, not only through ETF's, that hugs indexes slavishly.
But given the fact that the world has become more complicated it can no longer be right to leave value judgements out of index construction. There simply WAS no investment in Venzuela, China etc and not too many people cared about the environment, social issues or human rights a few decades ago.
Investors Have Lost Sight of the Purpose of Indexes - Bloomberg

Hong Kong regulation: Investors beware!

The clocks seem to tick differently in far away places! If any investor is still complacent this report will open his eyes! Particularly timely as MSCI in its wisdom has just decided to open its indexes to some China shares. I guess President Xi won't have time to look into this during his visit to the territory.
(29-June-2017)
This investor called a rout in Hong Kong stocks. Now he has a message for regulators

Disclosing climate-related risk - Metorite impact risk next?

The list of 'risk disclosures' gets longer and longer, will companies be forced to disclose the risk from meteorite impacts next? This will speed up the death of the public company
(27-June-2017)
Dan Yergin on disclosing climate-related risk: Let’s get it right the first time

Biffa - milk cow for financial engineers

Biffa is another round-tripper from listed company, through the hands of financial engineers - banks, investors, lawyers, accountants and even some public relations firms - back to the stock exchange where Joe Public can have another go to make his (small) fortune - until the masters of the universe take the company away again. On another gravy train of fees....Is this a way to run a modern economy that is fair not to the few but to all?

Saudi Aramco IPO - suitable for Widows and Orphans?

Does it really matter where the listing takes place? The more important question must be - given the negligable influence of public shareholders, the uncertainty over the future energy scenario and the huge political risk surrounding the Middle East region, including Saudi Arabia itself, can regulators allow this IPO to end up in the portfolios of savers and pensioners? Of course, the financial intermediaries and Saudi Arabia's oligarchy would laugh all the way to the bank!
http://www.marketwatch.com/story/saudi-aramco-2018-ipo-plans-slowed-over-where-to-list-2017-06-14

Short-Termism Hasn't Hurt Companies Long Term

Just a reminder that one does not exclude the other, and a final question: Where does Short Term end and Lond Term start?
(14-June-2017)
Short-Termism Hasn't Hurt Companies Long Term

Mutual Funds Have Power to Increase Corp Transparency

As Pro Gov never tires to say - the largest 20-30 Investment Fiduciaries have it in their hand to control, change and supervise Corporate Governance in all Listed Companies. Their stakes allow them to assert de-facto control of all shareholder votes. Even the ever-growing 'Private' Equity industry is only private in name only as nearly all their money is provided by ordinary savers.
Mutual Fund Companies Have Significant Power to Increase Corporate Transparency