Breakingviews

Sarkozy probe latest sign of sick French politics

July 2, 2014

A formal investigation for corruption and influence-peddling undermines the former president’s hoped-for comeback. His conservative party doesn’t offer a credible alternative to the unpopular ruling socialists. The EU’s second-largest economy is sinking into political paralysis.

P&G didn’t crunch its Pringles partner adequately

December 15, 2011

Troubles have escalated for Diamond Foods, the agreed buyer of the chips brand, with the SEC now probing its accounting. The scale of issues being targeted suggests the consumer giant missed early warning signs. An obsession with taxes may have clouded P&G’s vision.

Did MF Global clients forget Lehman’s lessons?

December 16, 2011

The bankrupt broker stands accused of misusing client funds. One theory is that it used customers’ money through a legal process called rehypothecation. The U.S. imposes limits on the practice, but the UK doesn’t. It’s a lesson investors could have learned from Lehman’s collapse.

Galleon’s see-no-evil culture

October 26, 2009

Is it plausible that Galleon didn't know about either Far's involvement with Uncommon Media or the private partnerships in Texas? Sure. But that simply is more evidence of a big hedge fund taking a "don't ask, don't tell" approach to compliance