Bailout 2.0
We’ve already read that venture capitalists are saying SVB and the venture capital industry have not been bailed out. And the President and Treasury Secretary have stated that no taxpayer dollars are involved. Those are lies.
We’ve already read that venture capitalists are saying SVB and the venture capital industry have not been bailed out. And the President and Treasury Secretary have stated that no taxpayer dollars are involved. Those are lies.
What do Lloyd Blankfien(Goldman), Howard Schultz (Starbucks), Andrea Yung(Avon) John Mackey (Whole Foods), Peter Thiel (Paypal), J.P.Morgan (J.P. Morgan), James Gorman (Morgan Stanley), and the somewhat less successful like me and many others in business have…
I wrote what you are reading right now, but after studying The Age of AI and Our Human Future by Henry Kissinger and others, I felt compelled to explore the Chat GPT phenomenon being promoted by Microsoft Bing. To quote a CB Insights report…
GARP, the leading professional association of risk managers, recently asked to publish an adaptation of FIC’s newsletters on due diligence. Managing the due diligence process has become an increasing challenges for many banks, given the credit environment…
As far as I could tell only one Super Bowl advertisement mentioned banks. Early in the Super Bowl the ad, attached to this newsletter, appeared. Its first few seconds tell the story.
At its height, press reports and cable news commentary about the Chinese spy balloon floating over Montana and elsewhere approached the plot of a mediocre spy or science fiction movie. So much was unknown and…
A few weeks ago saw the publication of a highly critical book about McKinsey titled, When McKinsey Comes to Town: The Hidden Influence of the World’s Most Powerful Consulting Firm. Now Bloomberg has…
Last time we wrote about the importance of due diligence and how some Private Equity firms (with FTX) and banks (Chase with a student-oriented company, Frank) failed to protect themselves and…
This week and next we’ll focus on issues related to due diligence. As M&A activities are likely to increase in 2023, excellence in due diligence is critical for sellers but in particular for acquirers. Yet, there are at least…
The Titanium Economy, a book written by three current and former McKinsey consultants, focuses on describing existing and proposed activities that, to paraphrase the book’s subtitle, will allow industrial businesses to…