U.S. Editor, Commentary
Rob's Feed
Mar 12, 2015
via Breakingviews

Rob Cox: Banks can now prep for even tougher exam

Photo

By Rob Cox

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

After an arduous couple weeks of putting their institutions through a series of stringent stress tests, America’s top bankers might want to kick back and earn some money, perhaps even whistling to the possibility of higher interest rates. If only it were so easy. The only suitable tune would be Led Zeppelin’s bluesy stomp, “When the Levee Breaks.”

Mar 3, 2015
via Breakingviews

Rob Cox: Silicon Valley’s boom-boom room moment

Photo

By Rob Cox

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

The entrée hadn’t even arrived when the youngest person present at a dinner in San Francisco a few years ago got up abruptly to go see a startup he wanted to fund. That was a bit odd. So was his nervous tic.

Feb 26, 2015
via Breakingviews

Rob Cox: Welcome to the new, global Tangentopoli

Photo

By Rob Cox

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

It seems about impossible to find a corruption-free corner of the earth. Scandals involving business and political elites have struck from Sao Paulo to Beijing, Virginia to Santiago and Madrid to Mexico, and seem to unfold daily. Welcome to a new, global Tangentopoli.

Feb 13, 2015
via Breakingviews

Costco customers look like winners in Amex scrum

Photo

By Rob Cox and Stephanie Rogan

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

True to form, Costco customers may come out ahead in a valuable commercial arrangement. That’s at least one way to read the market tea leaves from this week’s divorce between the U.S. warehouse retailer and American Express, its longtime exclusive payments partner. The news swiped some $8 billion from the card issuer’s value. Only part of that has accrued to rivals MasterCard and Visa. The shortfall reflects the benefits to millions of discount shoppers.

Feb 13, 2015
via Breakingviews

Costco customers look like winners in Amex scrum

Photo

By Rob Cox and Stephanie Rogan

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

True to form, Costco customers may come out ahead in a valuable commercial arrangement. That’s at least one way to read the market tea leaves from this week’s divorce between the U.S. warehouse retailer and American Express, its longtime exclusive payments partner. The news swiped some $8 billion from the card issuer’s value. Only part of that has accrued to rivals MasterCard and Visa. The shortfall reflects the benefits to millions of discount shoppers.

Feb 12, 2015
via Breakingviews

A fat and happy GM is a dangerous company

Photo

By Rob Cox

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

About halfway through his account of the U.S. government’s rescue of the automotive industry, “Overhaul,” Steven Rattner describes a Eureka moment. As President Barack Obama’s former car czar tells it, a young financial whiz on his staff, Harry Wilson, bounded into his office in the bowels of the White House waving a sheaf of papers, saying: “We’ve been thinking about this the wrong way.”

Feb 12, 2015
via Breakingviews

A fat and happy GM is a dangerous company

Photo

By Rob Cox

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

About halfway through his account of the U.S. government’s rescue of the automotive industry, “Overhaul,” Steven Rattner describes a Eureka moment. As President Barack Obama’s former car czar tells it, a young financial whiz on his staff, Harry Wilson, bounded into his office in the bowels of the White House waving a sheaf of papers, saying: “We’ve been thinking about this the wrong way.”

Feb 5, 2015
via Breakingviews

Rob Cox: When CEOs are worth more as former CEOs

Photo

By Rob Cox

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

When it comes to creating value for shareholders, one move a chief executive officer can make is to quit. Shareholders applauded two high-profile CEO departures at big public companies this week: Ally Financial and Petrobras, Brazil’s state-controlled energy giant. Ousters at McDonald’s recently and Microsoft in 2013 earned similarly positive reactions. Though each case is unique, the common thread seems to be relief after a leader becomes entrenched and inflexible.

Feb 5, 2015
via Breakingviews

Rob Cox: When CEOs are worth more as former CEOs

Photo

By Rob Cox

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

When it comes to creating value for shareholders, one move a chief executive officer can make is to quit. Shareholders applauded two high-profile CEO departures at big public companies this week: Ally Financial and Petrobras, Brazil’s state-controlled energy giant. Ousters at McDonald’s recently and Microsoft in 2013 earned similarly positive reactions. Though each case is unique, the common thread seems to be relief after a leader becomes entrenched and inflexible.

Jan 29, 2015
via Breakingviews

Rob Cox: Podemos can improve Spanish capitalism

Photo

By Rob Cox

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

At the end of October, one of the most widely anticipated stock market debuts in Europe ground to a halt. The initial public offering of 49 percent of Spain’s Aena, the $9 billion operator of airports in Madrid, Barcelona and 40 other cities, was abruptly postponed.

    • About Rob

      "Rob Cox helped establish Breakingviews in 2000 in London. From 2004 he spearheaded the firm's expansion in the United States and edited its American edition, including the daily Breakingviews columns in the New York Times and Wall Street Journal. Rob has worked as a financial journalist in London, Milan, New York, Washington, Chicago and Tokyo. Rob graduated from Columbia University’s Journalism School and the University of Vermont. Follow Rob on Twitter @rob1cox"
    • Follow Rob