Jeffrey's Feed
Oct 18, 2013
via Breakingviews

Mark Zuckerberg’s new IPO religion wins disciples

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

Mark Zuckerberg’s new religion should attract plenty of disciples. The Facebook founder’s early contempt for the idea of an initial public offering was supposed to influence a generation of Silicon Valley entrepreneurs. The stock’s calamitous debut in May 2012 only reinforced the resistance. Zuckerberg and Facebook have come around, though – and many others are set to follow.

Oct 9, 2013

Rubber meets road for Chinese JVs in tire deal

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

By Jeffrey Goldfarb

NEW YORK, Oct 9 (Reuters Breakingviews) – A cross-border
tire deal could deflate the appeal of joint ventures in China.
The complaint filed last week by Cooper Tire & Rubber
against its agreed Indian buyer, Apollo Tyres, is only
half the story. A legal spat raised by the U.S. group’s minority
partner in China could unravel a venture there. For
multinational corporations with shared Chinese operations, it’s
the case to watch.

Oct 4, 2013

Breakingviews-Rebooting Microsoft keeps getting harder

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

By Jeffrey Goldfarb

NEW YORK, Oct 4 (Reuters Breakingviews) – It is getting near
impossible to reboot Microsoft (MSFT.O: Quote, Profile, Research). Both Chairman Bill
Gates and retiring Chief Executive Steve Ballmer indicated on
Thursday they will seek re-election to the board of directors.
Whoever becomes the new boss already will be saddled with the
Nokia (NOK1V.HE: Quote, Profile, Research) acquisition. Now, there’s a pretty good chance
of having to answer to not one, but two, former chiefs of the
$280 billion software company. The job is looking less appealing
by the day.

Oct 3, 2013
via Breakingviews

Solo stars Goldman and Morgan Stanley share stage

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

Wall Street’s biggest rivalry is fading further into history. Back in the days of so-called relationship banking, Goldman Sachs and Morgan Stanley slugged it out for exclusive assignments. Now, when it comes to mergers and new stock sales, they are working together more often.

Sep 10, 2013

Breakingviews:Twitter hopes for an Instagram moment

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

By Jeffrey Goldfarb

NEW YORK, Sept 10 (Reuters Breakingviews) – Twitter may have
just had its Instagram moment. Facebook (FB.O: Quote, Profile, Research) leaned on a
chunky acquisition of the picture-sharing app to prove its
mobile chops right before it went public, just as Marissa Mayer
did with blogging site Tumblr earlier this year in a bid to
restore Yahoo’s (YHOO.O: Quote, Profile, Research) tarnished image. Buying ad seller MoPub
is Twitter’s biggest deal and could provide the same uplifting
effect in advance of an eagerly anticipated initial public
offering.

Sep 6, 2013
via Breakingviews

Review: A McKinsey-like assessment of McKinsey

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By Jeffrey Goldfarb
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Understanding McKinsey is no easy feat. The doyen of management consulting firms is at once ubiquitous and mysterious. Its advice is coveted yet often misguided. Dysfunction, typical of any organization, belies McKinsey’s well-cultivated prestige. “The Firm,” a new book by journalist Duff McDonald, goes a long way to unraveling some of these complexities in a highly readable history of the consigliere to the world.

Just how McKinsey managed over 80 years to gain access to so many executive suites and other corridors of power around the world is an impressive tale that starts, remarkably enough, in the corporate underbelly of accounting. James McKinsey transformed bookkeeping into budgeting and budgeting into strategy, laying the foundation for a new sort of practice that eventually would reshape industrial and government leadership.

Sep 1, 2013
via Breakingviews

Wall Street megadeal quest reaches end of rainbow

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By Jeffrey Goldfarb

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

After a decade-long quest, investment bankers on both sides of the Atlantic may have finally discovered the end of the rainbow. A $130 billion transaction between Vodafone and Verizon, longtime partners in U.S. wireless, would translate into a highly coveted – and given the post-crisis pace of M&A, much-needed – pot of golden fees.

Aug 27, 2013

Industrialist hat suits Bill Ackman better

(The authors are Reuters Breakingviews columnists. The opinions
expressed are their own.)

By Christopher Swann and Jeffrey Goldfarb

NEW YORK, Aug 27 (Reuters Breakingviews) – Industrialist
Bill Ackman is more persuasive than shopkeeper Bill Ackman. The
uppity investor’s exit this week from a disastrous investment in
J.C. Penney (JCP.N: Quote, Profile, Research) underscores that retail just isn’t his
thing. A big bet on $22 billion Air Products and Chemicals
(APD.N: Quote, Profile, Research) represents a second foray into heavier production for
the Pershing Square Capital Management founder, after Canadian
Pacific (CP.TO: Quote, Profile, Research). As at the railway, better management could go a
long way at the gas producer.

Aug 16, 2013
via Breakingviews

Review: Biopic reveals Steve’s jobs not Steve Jobs

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

A movie about Steve Jobs ought to embody the bold and visionary spirit of its subject. Ashton Kutcher does his best impersonation of the Apple founder, but that’s about as inspired as “Jobs” really gets.

Aug 15, 2013
via Breakingviews

Maybe Twitter should Google its IPO

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

Maybe Twitter should Google its initial public offering. Instead of a typical share sale, the internet search giant catered to individual investors with what’s known as a modified Dutch auction. Though flawed, the unconventional approach is worth consideration by Twitter and its boss Dick Costolo as anticipation builds for the $10 billion social network to go public.