Category: Wall Street Journal
Advisers Gain Access to Complex Structured Products
Wall Street Journal (subscription required)
Zvi Bodie, School of Management
Increased access to structured products is offering independent investment advisers new ways to generate yield and protect skittish clients…
Expert quote:
“These structured products, used appropriately, are fine. It’s just that, in general, ordinary people have a hard time understanding the risks that they’re exposed to.”
On Terror’s New Front Line, Mistrust Blunts U.S. Strategy
Wall Street Journal (subscription required)
Michael Woldemariam, College of Arts & Sciences
The shooting clattered on for 30 minutes, residents of this dusty town say, and when it ended, four militants holding a German engineer hostage were dead…
Expert quote:
“Military and police heavy-handedness in the north is core to the story of Boko Haram’s emergence. You can’t discount the effects of the state’s brutality in the north.”
Got Questions for Cuomo? So Does He
Wall Street Journal (subscription required)
Kathleen Vandenberg, College of General Studies
Like many high-profile politicians, New York Gov. Andrew Cuomo gives few on-the-record interviews…
Expert quote:
“It’s a question posed with no expectation or desire for an answer except for the one implied or supplied by the rhetor himself.”
Deferred Pay Draws Fed’s Scrutiny
Wall Street Journal (subscription required)
Mark Williams, School of Management
U.S. banks and securities firms would have to step up their compensation disclosures under rules being considered by the Federal Reserve, said a person familiar with the central bank’s regulatory efforts…
Expert quote:
“The lack of data on deferred compensation has benefited top-paid U.S. bankers and disadvantaged otherwise concerned shareholders.”
Does an ‘A’ in Ethics Have Any Value?
Wall Street Journal (subscription required)
Kabrina Chang, School of Management
Business-school professors are making a morality play…
Expert quote:
“We need to hit the students hard when they first get here, remind them of these principles throughout their core classes, and hit them once again before they leave.”
The Football Nanny State
Wall Street Journal (subscription required)
Robert Cantu, School of Medicine, Center for the Study of Traumatic Encephalopathy
In his 2012 book “Concussions and Our Kids,” Boston University neurosurgeon Robert Cantu left little mystery about his tome’s intended target: The photo on the cover shows a pack of little kids playing tackle football. Inside its pages, a section heading says: “No tackle football before fourteen.”…
Jefferies CEO Is King of Pay
Wall Street Journal (subscription required)
Mark Williams, School of Management
The king of Wall Street pay doesn’t reside at any of the household-name financial firms but at a midsize investment bank that likes to keep a low profile…
EU Advances Tax on Market Trading
Wall Street Journal (subscription required)
Daniel Berman, School of Law
The European Union gave the green light on Tuesday for 11 states that account for two-thirds of the bloc’s economy to impose a small tax on trades in stocks, bonds and derivatives…
Bankers Get IOUs Instead of Bonus Cash
Wall Street Journal (subscription required)
Mark Williams, School of Management
Several thousand Morgan Stanley MS +1.79% traders, investment bankers and other employees will get IOUs instead of cash when bonus day arrives Thursday, a fundamental change in Wall Street pay triggered by the financial crisis…
Bank Made Huge Bet, and Profit, on Libor
Wall Street Journal (subscription required)
Mark Williams, School of Management
Deutsche Bank AG DBK.XE +1.57% made at least €500 million ($654 million) in profit in 2008 from trades pegged to the interest rates under investigation by regulators world-wide, internal bank documents show…
