Description: Despite a $5.8 billion year-to-date trading loss, JPMorgan still earned $5 billion in the second quarter. Source: CNNMoney.com – video report Date: July 13, 2012 Link: http://money.cnn.com/video/news/2012/07/13/n-felicia-jp-morgan.cnnmoney/ Questions for Discussions: Summarize the highlights of management’s effort to fix the damage done. Do you believe it is convincing and will be successful? How can this… Read more »
Posts Categorized: Management Issues
How Jamie Dimon hid the $6 billion loss
Description: A mixture of accounting moves and rosy assumptions appear to have masked JPMorgan’s London Whale. Source: Fortune.com Date: July 13, 2012 Link: http://finance.fortune.cnn.com/2012/07/13/jpmorgan-hid-london-whale/?iid=SF_F_River Questions for Discussions: How was the $6 billion loss kept hidden? Do you believe management and the firm have been adequately dealt with by the marketplace, investors, and regulators?
Mobile TV app could upend the cable-broadcast business
Description: Barry Diller, the consummate Hollywood deal maker who revamped the TV business in the 1980s, is back in the media spotlight after a federal judge threw out an injunction against Aereo, the online TV service he backs. Source: GlobeandMail.com Date: July 13, 2012 Link: http://www.theglobeandmail.com/technology/business-technology/mobile-tv-app-could-upend-the-cable-broadcast-business/article4414783/ Questions for Discussions: What are the issues facing the… Read more »
Is J.P. Morgan too big to manage?
Description: In a two-hour session with analysts Friday morning, J.P. Morgan Chase & Co.’s top executives fielded numerous questions about the massive trading loss suffered by its chief investment office, but one of them was particularly challenging. Source: Marketwatch.com Date: July 13, 2012 Link: http://www.marketwatch.com/story/is-jp-morgan-too-big-to-manage-2012-07-13?dist=tcountdown Questions for Discussions: Has J.P. Morgan reached ““a tipping point  Read more »
Apple: Still the best bet in tech
Description: As Apple tops $600 a share for the first time since April, it serves as a reminder: In tech, they are king. Don’t bet against the king. Source: CNNMoney.com – video report Date: July 06, 2012 Link: http://money.cnn.com/video/markets/2012/07/06/investing-bz-apple.cnnmoney/ Questions for Discussions: What are the arguments supporting a continued run up of Apple share values?… Read more »
‘Period of remorse’ catches up to Diamond
Description: Robert Diamond’s resignation, effective immediately, as chief executive officer of Barclays PLC UK:BARC -2.05% BCS -1.72% Tuesday morning in the wake of the Libor-manipulation scandal comes a day after he reportedly sent a letter to employees saying he was “sorry†and pledged to impose tougher internal controls. Full story: Bob Diamond resigns as Barclays… Read more »
How to crack Wall Street’s earnings code
Description: 7 terms to listen for when CEOs and CFOs talk business Source: Marketwatch.com Date: July 06, 2012 Link:Â http://www.marketwatch.com/story/how-to-crack-wall-streets-earnings-code-2012-07-06 Questions for Discussions: Summarize the code-speak. Do you think anyone misses what is really happening? Why would managers choose to avoid speaking clearly to shareholders and analysts?
Why your hospital bill is so high
Description:   From IV bags to chest tubes, Dr. Sanjay Gupta explains why even basic medical equipment adds thousands to your medical bill. Source: CNNMoney.com – video report Date: June 28, 2012 Link: http://money.cnn.com/video/news/2012/06/27/n-medical-equipment-cost.cnnmoney/ Questions for Discussions: Summarize the way hospitals allocate costs in order to cover all operating expenses. Is this a form of insurance?… Read more »
Encana probes collusion accusation
Description:Â Encana Corp. has launched an internal investigation after the State of Michigan said it is examining allegations that the company worked with rival Chesapeake Energy Corp. to avoid competing in state land auctions for shale gas. Source: GlobeandMail.com Date: June 26, 2012 Link: http://www.theglobeandmail.com/globe-investor/encana-probes-collusion-accusation/article4368056/ Questions for Discussions: What are the financial implications for both… Read more »
Know Where The Money is Going Before You Ask For It
Description: Squarespace founder Anthony Casalena didn’t necessarily know he wanted to start a business, but he did have a clear concept of what he wanted. “I was trying to make my personal website and I wasn’t satisfied with any of the existing services†said Casalena in interview, “I had a very clear concept of what… Read more »
