Andrew Ross
Andrew Ross
corner ethos good street wall
The ethos on Wall Street has not changed, and that's not going to come from the corner office. That's going to come, for better or worse, from Washington, and the whole idea of greed is still good, that is still pervasive.
center century change culture fewer industry likely lower money nearly radical street talented truth wall
In truth, Wall Street is in for a radical makeover. Fewer people, lower margins, lower risk, lower compensation - and ultimately, fewer talented people. It is likely to change the culture of an industry that for nearly a century has been the money center of the world.
advertising work york
I got my start in the 'New York Times' because I used to read Stuart Elliot, the advertising columns. I still do. And I read him so religiously, I wanted to work for him before I died.
banks countries
Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.
books business columbia david genre good hollywood love narrative power quality scandal struggle ultimate wrote
The genre of narrative business books that I love so much - the ones that have a you-are-there quality - was invented, or so it is said, in 1982 by David McClintick, who wrote 'Indecent Exposure,' a rollicking good read about a Hollywood scandal and the ultimate boardroom power struggle at Columbia Pictures.
against business certain commonly companies explicit family financial good hire hiring member particular people policies relationship serve several simply troubling whether
Several companies have explicit policies against cronyism, with good reason. Hiring a family member simply for a relationship can be troubling and may not necessarily serve a company's interests. But by and large, financial firms in particular commonly hire people who have certain connections, whether through family or a business relationship.
argument became confused created deserved failure government investors less market might picking remarkable role severe suggested whether winners
No one suggested Lehman deserved to be saved. But the argument has been made that the crisis might have been less severe if it had been saved, because Lehman's failure created remarkable uncertainty in the market as investors became confused about the role of the government and whether it was picking winners and losers.
almost check crack keeps middle roll scoop sites stay till until wake waking web
What keeps me up at night? Waking up to a scoop at another newspaper or on TV. I'm probably competitive, almost too much so. I will stay up till the Web sites at night roll over. And if they don't roll over, I'll stay up until it's done. I'll wake up at the crack of dawn, or in the middle of the night even, just to go and check and see.
activity biggest companies deals learned merger possible
What if the slowdown in merger activity isn't cyclical, but secular? What if corporations have learned the lessons of so many companies before them that the odds of a successful merger are no better than 50-50 and probably less? Is it possible that the biggest deals have already been done?
america exactly oddly spoke
What if lawmakers never spoke to their constituents? Oddly enough, that's exactly how corporate America operates. Shareholders vote for directors, but the directors rarely, if ever, communicate with them.
considered good investment rare turn
Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.
people
We talk about institutions that are too big to fail - I think the story is as much about people who think they are too big to fail.
euphoria explains miss
The euphoria around economic booms often obscures the possibility for a bust, which explains why leaders typically miss the warning signs.
private yachts
Some billionaires like cars, yachts and private jets. Others like newspapers.