Lloyd Blankfein

Note to Lloyd Blankfein: Stupidity is the best defense

Things look pretty blank and far from fine for Lloyd this morning. But buried within the situation is a strategy that may serve him well in the days to come. Ken Lay explored it to some effect. It's called executive ignorance, and anybody who has worked in the upper echelons of corporate life knows it's a very credible defense indeed.

I'm not saying it's true, mind you. Just credible. At least MORE

Blankfein vs. Dougan -- Compensation Smackdown!

Word comes from Credit Suisse that Brady Dougan, the Chief Executive of that fine fiduciary institution, earned $17.9 million in 2009, which is six times more than he made in 2008. This makes good sense. 2009 was a much better year than 2008, and any fair evaluation of compensation should account for that. Also, Mr. Dougan's comp is pretty much consonant with the nuts and berries that were paid to execs MORE

The (recent) History of the World (one tag at a time)

In about a month, we'll be celebrating the third anniversary of this blog.  We'll save the cake, funny hats and weepy speeching for then, but today I would like to take the opportunity to do something I've wanted to do for a long time: consider our tags.

Below you will see a total catalog of every single tag that has been generated in good times and bad, scandal, recession, recovery, slow MORE

More apologies! Now!

Now that Tiger has apologized and been on the front page of every newspaper in the United States humiliating himself, I'd like to suggest a few more people who should apologize to us and be raked over the coals until we're tired of doing so.

I'd like an apology from Akio Toyoda for attempting to minimize the size of the recall on those floor mats in 2007. I'd also like an MORE