Felix Salmon

Giving up control of education

By Felix Salmon
June 30, 2012

For me, one of the more interesting tracks of the Aspen Ideas Festival is the series of conversations about education. Aspen is the natural habitat of America’s overconfident plutonomy: the kind of people who are convinced that since they have been successful themselves, they are therefore qualified — more qualified than education professionals, in fact — to diagnose problems and prescribe solutions. The ultimate example of this in recent weeks was the firing of Teresa Sullivan as president of the University of Virginia, by rich trustees who had no substantive beef with her at all. Instead, they just didn’t like her reluctance to sign on to various inchoate strategies, which sound great in a mass-market leadership book but which are unlikely to be particularly helpful in the context of a venerable educational institution.

Counterparties: The next bank CEO on the hot seat

By Ben Walsh
June 29, 2012

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com

What happened to Ina Drew’s clawback?

By Felix Salmon
June 29, 2012

When he was testifying to Congress, Jamie Dimon hinted that there might be clawbacks of bonuses with the CIO group — the group which lost as much as $9 billion, shattered public trust in the bank, and turned Dimon from a hero into a goat.

Counterparties: The Supreme Court’s healthcare tax argument

June 28, 2012

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com

News Corp’s digital divergence

By Felix Salmon
June 28, 2012

There’s no secret why Rupert Murdoch is breaking News Corp into two pieces. Amy Chozick explains:

Money markets are the new interbank markets

By Felix Salmon
June 27, 2012

Last week, I bemoaned the end of the interbank market — a market which looks like it might never come back, and which certainly hasn’t been done any favors by today’s news that Barclays is paying $453 million to settle allegations that it manipulated the key interbank interest rate.

Counterparties: Barclays’ $450 million LIBOR settlement

By Ben Walsh
June 27, 2012

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News Corp loses its news

By Felix Salmon
June 27, 2012

“In a way,” says Jeffrey Goldfarb today, “the scandal may have been the best thing to happen to News Corp,” on the grounds that Hackgate is likely to end up forcing Rupert Murdoch to spin off his newspapers, along with HarperCollins, into a new, separate company.

Counterparties: A tentative housing recovery

By Ben Walsh
June 26, 2012

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com