Bloomberg has placed an interesting headline on Michael Tsang’s story about the performance of Goldman’s IPOs: “Goldman Can Show SEC Clients Get Best Returns on Its IPOs”.
FT Alphaville is spinning off! The fabulous Paul Murphy and Stacy-Marie Ishmael, who have been with Alphaville from the beginning, are now setting up something at even more of an arm’s length from the FT itself: “a new digital media service”, whatever that might be, called FT Tilt. It’s all quite mysterious for the time being; I can’t wait to see how it turns out.
For every person with a green card, there’s a story of exasperating grappling with an incomprehensible U.S. government bureaucracy. My own story is far too long and boring to go into, but one part of it involved what turns out to be a very common occurrence: my green card was simply lost in the mail, and I was forced to reapply (and pay hundreds of dollars) for a new one on the grounds that it wasn’t returned as undeliverable.
What is the financial legacy of George Steinbrenner? Certainly he’s built a hugely valuable franchise: he bought the Yankees for $10 million in 1973, and they’re now worth just over $1 billion, $1.6 billion, according to Forbes, with Steinbrenner personally worth slightly more than that, some $1.15 billion. That’s a lot more money than he could have made if he just stuck with shipbuilding, and it’s proof of how profitable it can be to overpay for talent.