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)
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
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