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Jun 12, 2014
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Harvard could get smarter about its endowment

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By Richard Beales

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

Harvard University could get smarter about its $33 billion endowment. Jane Mendillo, who has managed the Ivy League university’s portfolio for six years, is leaving at the end of 2014. Her predecessor is partly to blame for crisis losses, but Harvard nevertheless seems to have overpaid for mediocre returns.

Jun 6, 2014
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Facebook is near-universal buyer in virtual world

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By Richard Beales

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

In a virtual world, Facebook could justify buying not just WhatsApp but almost every other social networking and chat app on the planet. The company’s $160 billion market cap values its 1.3 billion monthly active users at nearly $130 each. Most of its peers look much cheaper. Clamp on an Oculus Rift virtual reality headset – the product of another company just bought by Facebook – and there’s a case for Chief Executive Mark Zuckerberg gobbling them all up.

May 27, 2014
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Piketty spreadsheets set bad Excel example

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By Richard Beales

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

Thomas Piketty has had a bad few days. The Financial Times has launched a critique of the data behind the French economist’s bestseller “Capital in the Twenty-First Century.” In such a sweeping study, errors are almost inevitable. But he has also fallen prey to sloppy spreadsheets.

May 24, 2014
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Hacked eBay exposes itself to another attack

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By Richard Beales

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

EBay just exposed itself to another attack. Carl Icahn buried the hatchet with the online auctioneer’s board before it came out that records of 145 million customers got hacked. That means there’s an opening for another uppity investor to pressure eBay’s chief executive and directors.

May 15, 2014
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Now Dan Loeb, Sotheby’s director, has work cut out

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

Dan Loeb now has to help Sotheby’s catch Christie’s – not just blast its failure to do so. Christie’s on Tuesday threw down the gauntlet with a record $745 million contemporary art sale in New York. It’s one area of the business where Loeb has criticized Sotheby’s, which holds its rival auction on Wednesday.

May 12, 2014
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Interpreting Apple/Beats using Andreessenomics

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

Attachment therapy is controversial in the field of mental health. It’s far from indisputable in the technology world, too. Venture capitalist Marc Andreessen justifies some high tech-deal price tags, in part, with the idea that huge companies are able to “attach” the products of smaller ones, making them worth far more than traditional analysis would suggest.

May 8, 2014
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Yahoo’s Alibaba windfall tough to spend wisely

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By Richard Beales

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

More than ever in her nearly two-year tenure, Marissa Mayer needs to find the exclamation point in Yahoo’s business. After the company sells something like half of its 22.6 percent stake in Chinese e-commerce giant Alibaba, the Yahoo chief executive could have $12 billion on hand. Spending it wisely will be tough.

Apr 23, 2014
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Coca-Cola deserves protest vote one way or another

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

Coca-Cola is set to face bubbling discontent at its annual shareholder meeting on Wednesday. Several shareholders, led by Wintergreen Advisers, object to the $180 billion drinks giant’s equity pay plan. Some, including pension funds from Ontario and Florida, want the chairman and chief executive jobs split. Nearly a quarter voted against top executives’ compensation last year. With the stock underperforming, it’s no wonder investors are grouchy.

Apr 23, 2014
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Coca-Cola deserves protest vote one way or another

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

Coca-Cola is set to face bubbling discontent at its annual shareholder meeting on Wednesday. Several shareholders, led by Wintergreen Advisers, object to the $180 billion drinks giant’s equity pay plan. Some, including pension funds from Ontario and Florida, want the chairman and chief executive jobs split. Nearly a quarter voted against top executives’ compensation last year. With the stock underperforming, it’s no wonder investors are grouchy.

Apr 23, 2014
via Breakingviews

Coca-Cola deserves protest vote one way or another

Photo

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

Coca-Cola is set to face bubbling discontent at its annual shareholder meeting on Wednesday. Several shareholders, led by Wintergreen Advisers, object to the $180 billion drinks giant’s equity pay plan. Some, including pension funds from Ontario and Florida, want the chairman and chief executive jobs split. Nearly a quarter voted against top executives’ compensation last year. With the stock underperforming, it’s no wonder investors are grouchy.

    • About Richard

      "Richard Beales joined Breakingviews.com in 2007 from the Financial Times, where he was US markets editor and a Lex columnist. Prior to the FT, he spent more than 10 years as an investment banker, based largely in Hong Kong. He was a director in Citigroup’s mergers team, and before that head of Schroders’ regional project finance group. He has also lived briefly in Sydney, Australia, and began his working life in London at Mars & Co, a management consultancy, in 1989. Richard holds a masters in business journalism from New York University and a degree in biochemistry from St John’s ..."
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