Comments on: Why Paulson’s talking http://blogs.reuters.com/felix-salmon/2013/07/17/why-paulsons-talking/ 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: TFF http://blogs.reuters.com/felix-salmon/2013/07/17/why-paulsons-talking/comment-page-1/#comment-47671 Fri, 19 Jul 2013 02:13:27 +0000 https://blogs.reuters.com/felix-salmon/?p=22269#comment-47671 Remember the discussion we had surrounding a “living wage”? The question is coming to the fore in Massachusetts, not as a result of government regulation but due to “market” forces.

Shaws has been on the decline in the region since they were purchased by SuperValu. Labor battles, poor customer service, and high prices are a very poor combination. Their sales volume has fallen by more than 20% over six years.

In contrast, Market Basket has been steadily successful. They pay higher wages, share profits with employees, and offer their customers the lowest prices around. Nobody has anything bad to say about the chain.

…except for the Market Basket shareholders. They don’t think it is right that the employees and customers should be treated so well. So they are meeting to fire the CEO and make some changes.

http://bostonherald.com/business/busines s_markets/2013/07/market_basket_ceo_may_ get_chopped

Paying above-market wages is a good way to build a strong and growing business, but it can’t survive corporate culture for long.

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By: Strych09 http://blogs.reuters.com/felix-salmon/2013/07/17/why-paulsons-talking/comment-page-1/#comment-47667 Wed, 17 Jul 2013 23:08:36 +0000 https://blogs.reuters.com/felix-salmon/?p=22269#comment-47667 John Paulson’s gold-oriented fund has lost 65% of its value so far in 2013.

The idea behind a so-called professional, sophisticated money manager like Paulson managing your money instead of you doing it yourself is that a sophisticated money manager can take short bets when the market is going down, and long bets when the market is rising. He doesn’t look that sophisticated, at least in terms of commodities.

I can lose 65% of my money all by myself, thank you very much, I don’t need to pay anyone a 2% fee to do so for me.

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