
From the get-go, Mark Zuckerberg made clear he had little interest in welcoming public shareholders. His voting advantage codified the fact. A strong CEO can temper short-term urges elsewhere. But when he’s indifferent, it makes a failed process like Facebook’s more likely.
Did Chesapeake miss Enron lessons?

There have been no allegations of fraud. But the embattled U.S. natural gas producer’s vast trading operation, fondness for complicated holdings and relationships, and corporate generosity are among the traits that call to mind some of the defunct energy giant’s flaws.
China doesn't need a policy U-turn

The premier has given investors hope for a new stimulus. But Beijing shouldn’t panic this time. Unlike in 2008, there are no massive job losses threatening stability, and still too much money sloshing around from the last stimulus. Structural reforms are the right remedy.
Eurovision a good metaphor for lack of euro vision

The Eurovision Song Contest is usually a showcase for the blandest europop. But in amongst the dross, this year’s entry from Montenegro contains a strong anti-austerity message. Euro zone politicians should worry if the annual cheesefest gets bolshy.
JPMorgan hits Washington's reset button

U.S. senators who oversee the banking sector slammed regulators on Tuesday for apparent lapses related to JPMorgan’s trading losses. Other Dodd-Frank tweaks that had been moving along are grinding to a halt. Glimmers of hope for clear bank rules look all but squashed for now.
Miners can live with a not-so-super cycle

Cooling demand in China, the world’s most important swing customer for metals like copper and iron ore, suggests the decade-long materials boom may be fading into a more humdrum cycle. That’s a challenge for the top miners. But it doesn’t necessarily herald value destruction.
The business of ice hockey has never been so good

National Hockey League viewership and attendance has surged, revenue has reached $3.2 bln - even laggardly teams are getting their skates on. But you won’t hear the NHL boasting about it. Once the Stanley Cup is won, expect the gloves to come off between players and team owners.


