Money and Finance
- For Jeff Bezos, A New Frontier
Found via Abnormal Returns. A newspaper represents not just a business but a “public trust,” Washington Post Co. chairman and chief executive Donald E. Graham has said more than once. In other words, the values that matter in owning a newspaper go...
- Two Celebrated Investors Want To Fix Their Funds--and Chesapeake Energy
Thanks to Matt for passing this along. Nothing tests the mettle of a value investor like watching a large portfolio holding slowly and steadily meltdown. Yet that’s exactly what happened last spring to Mason Hawkins and his partner, Staley Cates, the...
- Billions In Hidden Riches For Family Of Chinese Leader - By David Barboza
The mother of China’s prime minister was a schoolteacher in northern China. His father was ordered to tend pigs in one of Mao’s political campaigns. And during childhood, “my family was extremely poor,” the prime minister, Wen Jiabao, said in...
- Special Report: The Watchdogs That Didn't Bark
Found via The Big Picture. (Reuters) - Four years after the banking system nearly collapsed from reckless mortgage lending, federal prosecutors have stayed on the sidelines, even as judges around the country are pointing fingers at possible wrongdoing....
- Project: Dividend Stocks For Teenager Creating A New List Of Stocks
As I mentioned before my daughter has another $1k to invest. You can read all previous posts about this project here. I am working on a new list of stocks to show her, so she can pick her new stock. Please comment and make suggestions. I...
Money and Finance
Chesapeake documents detail how CEO fuses personal, corporate interests
(Reuters) - Aubrey K. McClendon, the chief executive officer of Chesapeake Energy Corp, has intertwined his personal and financial interests with those of the publicly traded company he runs to a far greater degree than shareholders may realize, according to interviews, public records and hundreds of internal Chesapeake documents reviewed by Reuters.
The executive has deployed a team of Chesapeake employees to handle his personal business affairs and uses the corporate jet regularly to ferry family members and friends to holiday destinations, the internal records show.
McClendon's use of Chesapeake resources is so extensive that a special unit, informally known as "AKM Operations," is housed on the corporate campus and employs six full-time employees and the time of scores of others to carry out accounting and engineering services.
- For Jeff Bezos, A New Frontier
Found via Abnormal Returns. A newspaper represents not just a business but a “public trust,” Washington Post Co. chairman and chief executive Donald E. Graham has said more than once. In other words, the values that matter in owning a newspaper go...
- Two Celebrated Investors Want To Fix Their Funds--and Chesapeake Energy
Thanks to Matt for passing this along. Nothing tests the mettle of a value investor like watching a large portfolio holding slowly and steadily meltdown. Yet that’s exactly what happened last spring to Mason Hawkins and his partner, Staley Cates, the...
- Billions In Hidden Riches For Family Of Chinese Leader - By David Barboza
The mother of China’s prime minister was a schoolteacher in northern China. His father was ordered to tend pigs in one of Mao’s political campaigns. And during childhood, “my family was extremely poor,” the prime minister, Wen Jiabao, said in...
- Special Report: The Watchdogs That Didn't Bark
Found via The Big Picture. (Reuters) - Four years after the banking system nearly collapsed from reckless mortgage lending, federal prosecutors have stayed on the sidelines, even as judges around the country are pointing fingers at possible wrongdoing....
- Project: Dividend Stocks For Teenager Creating A New List Of Stocks
As I mentioned before my daughter has another $1k to invest. You can read all previous posts about this project here. I am working on a new list of stocks to show her, so she can pick her new stock. Please comment and make suggestions. I...