Citi CEO Calls For Debate On Financial Services Regulation: Pandit, who sold his hedge fund for $800 million, now thinks hedge funds should be regulated.
When Markets Collide: Mohamed El-Erian’s optimal asset allocation. Just 15% is US stocks.
Earth to Tom Brown…. "Brown, who regularly appears on CNBC (including Monday night) to talk about the coming turnaround in financial stocks, has seen the value of his holdings fall from $852.7 million as of Dec. 31, 2006, to $139.3 million as of March 31, 2008, according to regulatory filings."
Lehman Never Saw It Coming: It could have issued substantially more preferred stock at 7.25%, convertible at $49.87. Instead, it held off, and has now issued another $2 billion at 8.75%, convertible at $33.04. How come? Problems with "visibility", according to the CFO.
Companies Promise CEOs Lavish Posthumous Paydays: "Comcast’s Mr. Cohen called the five years of postmortem salary and bonus for the chief executive ‘fair and reasonable.’"