One of the sacred tenets of good corporate governance is separating the roles of Chairman of the Board and Chief Executive Officer. This provides a critical oversight function with respect to the activities of the CEO. Exhibit one supporting this concept is perhaps JP Morgan CEO Jamie Dimon's role in the current multi billion … Continue reading Corporate Governance: While Intel Excels JP Morgan Struggles
Tag: fdic
On October 15th, 2010 Oregon State regulators approved the $4.5 billion merger of First Technology Credit Union with Addison Avenue credit union, the biggest such merger in credit union history. In my opinion, this results from a complete breakdown in the integrity of the credit union regulatory process. For this reason I have written … Continue reading First Technology “Inside Job” Merger Approved Without Adequate Review
Note (Not Copyrighted) : This basic post was updated December 10, 2010 given the current debate in Congress over extending the Bush tax cuts and numerous inquires regarding my position in this debate. The purpose of this post is to highlight that although rates are important, perhaps more important are overall fairness issues associated with … Continue reading Blackstone Group LP – Private Equity or Public Theft? Undermining the Volcker Rule’s Intent. SEC 10K Fails to Disclose All Important “Fractions Rule” Involving Tax Exempt Public Pension Investors