Daniel Pinto, a co-founder of the New City Initiative, a campaign to promote better corporate governance, blames (institutional) investors for being too much focused on short-term moves in share prices (The Times, February 3 2014). The problem as I see it is that just one more 'initiative' will at best bring a marginal improvement - and even that at a glacial pace. Lack of coordination among all the proponents of better corporate governance - and lack of accountability linking major investment fiduciaries and the real investors, i.e. the man on the street - are the main obstacles to a real change in corporate governance.
(4 Feb 2014)
Overnight, we finally saw some movement in the Senate on the longest
government shutdown in U.S. history. As this Axios article notes, last
night the Senat...
1 day ago
