Jeffrey's Feed
Jul 1, 2013

Breakingviews:Tribune’s TV deal should spawn repeats

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Jeffrey Goldfarb

NEW YORK, July 1 (Reuters Breakingviews) – U.S. television
bosses are stealing a page from their copycatting colleagues on
the programming side. Tribune (TRBAA.PK: Quote, Profile, Research), the newspaper
publisher recently out of bankruptcy protection, on Monday
disclosed plans to buy 19 TV stations for $2.7 billion. The deal
comes fast on the heels of Gannett’s (GCI.N: Quote, Profile, Research) intent to acquire
broadcaster Belo (BLC.N: Quote, Profile, Research). Such combinations offer healthy
revenue synergies and often, as for Tribune, tax benefits, too.
Expect more repeats.

Jun 18, 2013

Breakingviews-Tribune tax hell perpetuates vicious circle

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Jeffrey Goldfarb

NEW YORK, June 18 (Reuters Breakingviews) – Tribune’s tax
hell perpetuates a vicious circle. The U.S. media giant may wind
up owing tax collectors over $500 million for a couple of deals
executed under former owner and real estate mogul Sam Zell. It’s
a reminder of how the complex tax code creates perverse
incentives that can boomerang.

Jun 7, 2013
via Breakingviews

JPMorgan and Apple rows upstaged by Timken’s

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By Jeffrey Goldfarb
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Big targets were all the rage this shareholder voting season in the United States. Uppity investors set their sights on industry heavyweights like JPMorgan and Apple. Such headline-grabbing giants overshadowed activist investor Ralph Whitworth’s success at the far smaller Timken. He persuaded fellow shareholders to approve his ballot campaign to break up the steel and ball bearing manufacturer. It’s the result that boards should be most carefully watching.

May 29, 2013
via Breakingviews

Grim reaper breathes life into moribund M&A market

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By Jeffrey Goldfarb
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The grim reaper is breathing life into the moribund M&A market. Service Corp International has agreed to buy rival Stewart Enterprises for $1.4 billion in a deal that combines the two largest U.S. funeral home and cemetery operators. Chief executives and shareholders look to be remarkably at peace with just this sort of transaction.

May 23, 2013
via Breakingviews

Bank governance stigma can be fixed lickety-split

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By Jeffrey Goldfarb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

It’s time to escalate the kerfuffle over corporate governance at U.S. financial institutions. Jamie Dimon fought aggressively to retain both the chief executive and chairman roles at JPMorgan, in large part because a shareholder vote to separate them could have been seen as a demotion. After all, if peers like Lloyd Blankfein at Goldman Sachs hold the two top jobs, others who are just CEOs might be left feeling like second-class citizens of sorts. Regulators should turn the division of labor into a virtue.

May 23, 2013

Breakingviews-Bank governance stigma can be fixed lickety-split

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Jeffrey Goldfarb

NEW YORK, May 23 (Reuters Breakingviews) – It’s time to
escalate the kerfuffle over corporate governance at U.S.
financial institutions. Jamie Dimon fought aggressively to
retain both the chief executive and chairman roles at JPMorgan
(JPM.N: Quote, Profile, Research), in large part because a shareholder vote to separate
them could have been seen as a demotion. After all, if peers
like Lloyd Blankfein at Goldman Sachs (GS.N: Quote, Profile, Research) hold the two top
jobs, others who are just CEOs might be left feeling like
second-class citizens of sorts. Regulators should turn the
division of labor into a virtue.

May 20, 2013

Breakingviews: Marissa Mayer puts exclamation point back in Yahoo

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)

By Jeffrey Goldfarb

NEW YORK (Reuters Breakingviews) – Marissa Mayer has made her mark on Yahoo (YHOO.O: Quote, Profile, Research) in less than a year. The website chief’s $1.1 billion deal to buy blogging site Tumblr on Monday goes a long way to restoring the faded and vainglorious exclamation point to the company’s name.

May 20, 2013
via Breakingviews

Marissa Mayer puts exclamation point back in Yahoo

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By Jeffrey Goldfarb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Marissa Mayer has made her mark on Yahoo in less than a year. The website chief’s $1.1 billion deal to buy blogging site Tumblr on Monday goes a long way to restoring the faded and vainglorious exclamation point to the company’s name.

May 17, 2013
via Breakingviews

Wells Fargo boss takes turn on soapbox

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By Jeffrey Goldfarb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

John Stumpf may be easing his way onto the soapbox. The Wells Fargo chief executive runs the biggest U.S. bank by market value, at $210 billion, but has kept a lower profile than many of his peers. Lately, though, he has been critiquing regulation more, tiptoeing into a role filled until recently by JPMorgan boss Jamie Dimon.

May 16, 2013

Breakingviews-Wells Fargo boss takes turn on soapbox

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Jeffrey Goldfarb

NEW YORK, May 16 (Reuters Breakingviews) – John Stumpf may
be easing his way onto the soapbox. The Wells Fargo (WFC.N: Quote, Profile, Research)
chief executive runs the biggest U.S. bank by market value, at
$210 billion, but has kept a lower profile than many of his
peers. Lately, though, he has been critiquing regulation more,
tiptoeing into a role filled until recently by JPMorgan (JPM.N: Quote, Profile, Research)
boss Jamie Dimon.