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The Sage of Omaha on Executive Compensation
/0 Comments/in Blog, Blog: Better Government, News /byToday’s Globe contains news of potential inquiries by Congressman Barney Frank’s Financial Services Committee looking at the ‘perverse incentives’ (love that term!!) in executive compensation and how that may have contributed to some of the inordinate risks afflicting many financial firms. At the end of the day, this space believes that the oversight of executive compensation lays with an engaged board of directors that properly aligns the interests of executives and shareholders. Warren Buffett has written early and often on this topic. This quote from a 1985 letter to shareholders (which should be required reading for everyone interested in the markets) brings up the key issues behind that misalignment: Ironically, the rhetoric about options frequently describes them as desirable because […]
From James Joyce to Grand Theft Auto
/0 Comments/in Better Government, Blog, News /by Liam DayI’ve been reading David Boaz lately, so I’m in a bit of a Libertarian mood to begin with, but, even if I weren’t, I would still have raised an eyebrow at Mayor Menino’s latest crusade. Not satisfied with a ban on trans fat, he is now going after violent video games. Now, I’m not a gamer, nor am I a big junk food fan, but I have to stand up for the rights of the people out there who do like trans fats and Grand Theft Auto. There is an argument to be made for a local, state or federal ban on trans fat. In a society in which most of us don’t buy our own health insurance, I suppose […]
This is not a Freudian slip
/0 Comments/in Blog, Blog: Better Government, News /byThe charming head of the Massachusetts AFL-CIO tells you exactly what he thinks about checks and balances on political power in today’s Globe: I’ll be profoundly disappointed if we win the debate [on casinos] on the merits, but still lose the point. I don’t want to see that happen in my State House, in my Democratically controlled State House no less. [Emphasis added] It is not the first time I’ve heard this sentiment from Mr. Haynes, but it is the first time I’ve seen it on the record.
Forecast on foreclosures dismal. What to do?
/0 Comments/in Blog, News /byMore than 7,500 properties were foreclosed in MA in 2007. The numbers are projected to be much higher this year. The vacant, lender-owned properties tend to be concentrated in certain neighborhoods, often in our older industrial cities. There are no easy solutions, but CHAPA has taken a first step at addressing the crisis with the release of a briefing paper on the topic. Take a look at the paper here. Got ideas about what can be done? Or thoughts on CHAPA’s paper? Post them here.
Go to D.C, young man, for that is where fortunes are made.
/0 Comments/in Blog, News /by Liam DayTelling article on Forbes.com I just read this weekend listing the best places in the country to get ahead. The list was compiled based on job and income data. Coincidently enough, 6 of the 7 best counties to live to get ahead today are located in Maryland and Virginia. They include Stafford County, Va., Calvert County, Md., Loudoun County, Va., Charles County, Md., Prince William County, Va., and Anne Arundel County, Md. Is it possible, just remotely possible, that the reason for this geographic concentration of jobs and income is in any way related to the explosive growth of the federal government the last 8 years? And, if related, what does it bode for our country that more and more […]