Category: Finance and Accounting

On eve of bankruptcy, U.S. firms shower execs with bonuses | Article [AMP] | Reuters

On eve of bankruptcy, U.S. firms shower execs with bonuses | Article [AMP] | Reuters

Bonus before bankruptcy or BBB. Where is the governance? Hopefully some of the bonuses will be subject to clawback. The beauty of the “heads I win, tails you lose” C-Suite. When company does well bonus is well deserved, when company does poorly they need to retain management to execute “visionary” turnaround. And when board is …

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Private Equity Lands Billion-Dollar Backdoor Hospital Bailout

Private Equity Lands Billion-Dollar Backdoor Hospital Bailout

Ridiculous how PE pumps debt into a company and only uses dry powder for new companies rather than supporting the companies they layered in debt. Private Equity Lands Billion-Dollar Backdoor Hospital Bailout [“https://www.bloomberg.com/news/features/2020-06-02/private-equity-lands-billion-dollar-backdoor-hospital-bailout”]

The 1MDB scandal: what does it mean for Goldman Sachs?

The 1MDB scandal: what does it mean for Goldman Sachs?

The 1MDB scandal: what does it mean for Goldman Sachs? – 1MDB scandal: what does it mean for Goldman Sachs? I’m reading the book Billion Dollar Whale about 1MDB and if it’s to be believed culpability goes to the highest levels at Goldman – Cohn and Blankfein. It was at a minimum willful blindness. I …

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