Jeffrey's Feed
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.

May 13, 2013
via Breakingviews

Could Silver Lake quietly be rooting for Icahn?

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By Jeffrey Goldfarb

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

Carl Icahn may have a secret admirer. The uppity billionaire fired his latest salvo in the battle over Dell late last week, proposing a half-baked leveraged recapitalization. The plan could be a ploy to get Silver Lake Partners and founder Michael Dell to sweeten their $24.4 billion bid. It’s hard not to wonder, though, if the buyout firm isn’t quietly rooting for Icahn.

May 13, 2013

Breakingviews-Bloomberg scandal spares bankers’ blushes

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

By Jeffrey Goldfarb

NEW YORK, May 13 (Reuters Breakingviews) – Unseemly
conflicts of interest are not confined to Wall Street. Goldman
Sachs (GS.N: Quote, Profile, Research) and its peers regularly take heat for playing all
sides of a trade. Now a furor involving Bloomberg reporters
using private customer data has, this time, spared the blushes
of bankers.

May 10, 2013
via Breakingviews

Apple’s bite out of market seeds IPO appetites

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

 

By taking a big bite out of the American stock market, Apple is inadvertently seeding the appetite for equity. While the iPad maker’s recently supersized $50 billion buyback program may be unique in its scale as the largest of all time, it also typifies one of the big challenges facing investors seeking to deploy their money.

May 1, 2013
via Breakingviews

Former junk bond king has more leverage than ever

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

Former junk bond king Michael Milken has more leverage than ever. Three decades after mastering the art of raising money, the man whose indictment on securities violations brought down Drexel Burnham Lambert now trades more heavily in intellectual capital.

Apr 17, 2013
via Breakingviews

Crackdowns only make M&A leaks more tempting

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

 

Cracking down on M&A leaks may only make them more tempting. Merger practitioners say fresh research showing that news is trickling out less often about companies for sale can partly be attributed to tougher rules and enforcement. Though loose lips come with less chance of deals closing, they also coincide with much higher premiums. Some bankers will always fancy that mix of risk and reward.