or Connect
New Posts  All Forums:

Posts by MSchapiro

WFC is a huge institution and retail banking is a small part of that. A good CEO doesn't have to be hands on everything to make a company function well or exceed the value he is paid.  We have a sales force too that is incentivized for performance. Am I personally responsible if there was misconduct if they bypassed the compliance systems? I'm not exactly sitting around all day doing nothing. It just becomes impossible to know everything going on in a large company and...
I keep about 5-10% in IAU and sell it off occasionally to offset broader stock market declines. Long term I target to hold about 5% in gold. 
It only further pushes the CEO role as more of a sacrificial one.  It tells CEOs to ask for more money, because your position could be taken any day due to unforseen risks and to not report misconduct if it's found at the bank.
Post election it will probably recover. 
Medical pricing is a bit like other high risk development projects in defense or oil and gas. The successes subsidize the failures. Wherever the system is the most flexible is where it will be pushed the most. Since other nations negotiation prices heavily the US makes up for their poor margins. If the US drives down prices then OECD peers will have to begin paying more. Right now the US is such that if a drug is approved in the US it will likely pay off its development...
How would that work? Privately insured patients are told their drugs aren't covered because Medicare doesn't want to add their drug to formulary?  I think the first step in fixing pharma (not health care) should be harmonizing the EMA and FDA, maybe holding joint meetings. This paves the way to later put pricing pressure on the pharma companies without destroying them. 
I'm not so sure. For all her talk, what will she do? The system is extremely complex. Push come to shove, I also think many democratic senators will not stand behind her. Pharma represents a decent chunk of the economy in many blue states. A token rule on price increases is already priced into biotech stocks. 
Oh no I loved that part :). I meant about not benefitting the employee or the company on a non zero sum basis. Having a vested interest in the future of the company can change employees behavior. 
I disagree.  I'm not going to sign a deal that I know has the potential to blow up when so much of my money is tied to future comp. 
On a somewhat related basis and one that is more cheery than sending everyone to prison or working to death in Amazon, can you guys talk me into or out of getting a new (well new to me) car?   With prices of homes and stocks so high and financing costs so low, it looks tempting. I figure it would probably be the last non EV car I buy.   My current one is from 99, so I worry it may not make it until then.    Thoughts?
New Posts  All Forums: