Comments on: Ackman’s desperate Target fight http://blogs.reuters.com/felix-salmon/2009/05/11/ackmans-desperate-target-fight/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Nick Danger http://blogs.reuters.com/felix-salmon/2009/05/11/ackmans-desperate-target-fight/comment-page-1/#comment-1578 Tue, 12 May 2009 22:01:43 +0000 http://blogs.reuters.com/felix-salmon/2009/05/11/ackmans-desperate-target-fight/#comment-1578 Felix, I think you’ve got this one exactly right. The quant-based financial engineers need to wake up and smell the coffee. Going forward, the global economy will not be able to afford the “skimming” that the financial services industry has engaged in for decades — positioning themselves in the flow of money and helping themselves to a few hundred basis points a year when all they do is slice the global GDP pizza into a different number of slices. It’s over, boys — let’s see those business plans. Case in point: spoke with a former CIO of a mutual fund company last week; she was recently downsized and bought a landscaping company. Sun on your face and sweat on your back, like the rest of us.

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