27 Mar 2019

Hedge Fund blows up - where was Citi's risk management?

If the lenders - in this case Citigroup is quoted - of liquidity don't manage their risk and losses result it is easy to blame the hedge fund. Careful monitoring of exposure should have prevented this loss quite easily.
Hedge fund blow-up costs investors and Citigroup

6 Mar 2019

Pay Gap reporting - nothing but an Employment Scheme?

Ever since Pay Reporting for senior Executives became standard practice (and started an upward spiral of executive compensation) virtue signalling via pay gap reporting became more and more pervasive. But does it really help anyone if pay differentials by gender, race, age are scrupulously registered and reported? The inevitable pay gaps will only breed resentment and be endless fodder for self-appointed campaigners and lobbies. After all, there will never be perfect equality and there will always be one group that is paid less than the other side. And why not report by religious affiliation? there might be interesting aspects to discover as well - did not some scholar relate economic success to Protestantism?
That some businesses find it worth their time to call for MORE (!) mandatory regulation (bureaucracy) reminds one of Lenin's bonmot: "The capitalists will sell us the rope with which we will hang them" (6-March-2019)
Companies call for mandatory ethnicity pay gap reporting