Economics
According to Morningstar, best CEO in 2008 was Warren Buffett. Way to go out on a limb! Investors can learn a lot from studying Buffett’s actions, but his decisions to stay on the sidelines are also notable. Indeed, he steered Berkshire Hathaway from many of the temptations that have caused competitors to crash and burn […]
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Yesterday’s Toyota Headline: Toyota Expects Its First Loss in 70 Years Today’s Toyota Headline: Toyota to Change Leader Amid Sales Slump Rick Waggoner was promoted to CEO at GM in 2000. Seven years later, he led “The largest annual loss in the history of the auto industry.” And that was last year! He is still […]
James Pethokoukis is the money and politics blogger for U.S. News & World Report, where he writes the monthly Capital Commerce column. James returned to Pundit Review Radio tonight to discuss his list of The 10 Dopiest Business and Economy Leaders of 2008, What is Pundit Review Radio? Pundit Review Radio is where the old […]
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This is an unbelievable story. CNBC: Madoff’s Investors Facing Billions in Potential Losses Investors scrambled on Friday to assess potential losses from the $50 billion fraud allegedly perpetrated by Bernard Madoff, a day after the arrest of the prominent Wall Street trader. Prosecutors and regulators accused the 70-year-old former chairman of the Nasdaq Stock Market […]
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Another mind blowing stat of the day from the outstanding blog Crossing Wall Street, In 2007, Toyota sold 9.37 million vehicles. In 2007, General Motors sold 9.37 million vehicles. In 2007, Toyota made $17.1 billion. In 2007, General Motors lost $38.7 billion A managed bankrupcy is the only solution that makes sense.
Photo: John Thain, CEO of Merrill Lynch In one of the most tone deaf and arrogant moves of all time, Merrill Lynch CEO John Thain went to the board of directors and demanded that he receive his $10 million bonus. In this environment? Unbelieveable. What makes it even more disgraceful is that John Thain was […]
Chris Horner is a senior fellow at the Competitive Enterprise Institute and the author of Red Hot Lies: How Global Warming Alarmists Use Threats, Fraud, and Deception to Keep You Misinformed. Chris is one of my favorite guests and this is one of my favorite topics. What is Pundit Review Radio? Pundit Review Radio is […]