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Nov 11, 2013
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BlackBerry turnaround starts out all thumbs

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

BlackBerry’s turnaround is starting out all thumbs. The $85 million worth of stock handed to new boss John Chen over five years at least provides the right incentives. But the struggling Canadian company surely needs more attention than one man doing both top jobs, especially if he’s commuting from California.

Nov 4, 2013
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Twitter’s new $1.75 bn IPO value: Hype or spot on?

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

Twitter is increasing the price for its upcoming initial public offering by as much as a third. The social network is now looking to raise between $23 and $25 a share, according to a filing on Monday with the Securities and Exchange Commission.

Oct 25, 2013
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Twitter avoids Facebook IPO overreach – thus far

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

Twitter seems to be avoiding Facebook’s overreach – so far. The microblogging site’s provisional pricing for its initial public offering is $17 to $20 a share. Calculations by Breakingviews suggest that’s modest by the metrics available, though without profit these require a leap of faith. At least Twitter seems to be avoiding the premature heights of Facebook’s flawed debut last year.

Sep 18, 2013
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Twitter prospectus edits will be worth following

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By Richard Beales and Robert Cyran
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

New U.S. rules mean Twitter’s initial public offering paperwork, already filed with regulators, isn’t yet open to scrutiny.

Sep 9, 2013
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Carl Icahn won’t have the last tweet on Dell

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

Carl Icahn won’t get the last tweet on Dell. The uppity billionaire has conceded defeat in his effort to block Michael Dell’s $24 billion buyout of the eponymous PC maker. Icahn’s logic never computed. His recent Apple punt is a stronger advertisement for his self-promotional parting shot to Dell shareholders.

Aug 16, 2013

Ivory tower barbarian now pounds at the gate

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

By Richard Beales

NEW YORK, Aug 16 (Reuters Breakingviews) – There’s an ivory
tower barbarian at the gate. Lucian Bebchuk, a Harvard Law
School professor, is ratcheting up his battle against corporate
defenders like veteran lawyer Martin Lipton. Hedge fund bosses,
including Dan Loeb and Bill Ackman, expose real management
weaknesses. Even without their resources, though, academic
activists like Bebchuk can still be on target.

Jul 31, 2013
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Facebook mobilizes back to square one

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

Facebook has at last mobilized back to square one. Its shares finally broke back above the $38 price set in the company’s messy initial public offering 14 months ago. That’s largely thanks to Chief Executive Mark Zuckerberg making the social network’s platform work on smartphones and tablets even as his tech rivals mostly flounder at the task.

Jul 26, 2013
via Breakingviews

SAC charges challenge hedge fund model

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

Steven Cohen seems to have escaped criminal charges, but his billionaire and millionaire hedge fund peers shouldn’t rest easy. Not only does a U.S. government indictment threaten the existence of Cohen’s roughly $15 billion SAC Capital Advisors firm, but the 40-page rap sheet could change the rules of the game.

Jun 19, 2013
via Breakingviews

Google shareholders get modest future-proofing

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By Richard Beales 

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

Google shareholders are getting some modest future-proofing. A novel deal protects owners of the company’s non-voting stock against a discount – and from the day when founders Larry Page and Sergey Brin no longer wield full control. The convoluted legal settlement, however, only goes to show it’s better to avoid a shareholder caste system in the first place.

Jun 18, 2013

Breakingviews-Google shareholders get modest future-proofing

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

By Richard Beales

NEW YORK, June 18 (Reuters Breakingviews) – Google (GOOG.O: Quote, Profile, Research)
shareholders are getting some modest future-proofing. A novel
deal protects owners of the company’s non-voting stock against a
discount – and from the day when founders Larry Page and Sergey
Brin no longer wield full control. The convoluted legal
settlement, however, only goes to show it’s better to avoid a
shareholder caste system in the first place.

    • 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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