This quote about the structure of the planned IPO for Alibaba demonstrates the need for rule-based governance. "You can't afford not to invest in these things. But if something goes wrong, you are left with nothing". The large investment institutions that are meant to be the fiduciaries for the real end investors (aka you and me) are not able or willing to draw a line over problematic practices that put the interests of their investors at risk.
(11 May 2014)
Yesterday, the SEC announced that current Gibson Dunn partner Jim Moloney
has been named the new Director of the Division of Corporation Finance. Mr.
Molon...
5 hours ago
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