As long as Wall Street and venture capitalists continue to reward corporations for off-shoring and downsizing, we continue to play the fool when we express shock that the U.S. economy is not creating many new jobs. By Jeffrey PfefferJul 12, 2011 11:37 AM ET
He has been CEO of the storied but bruised investment bank for a year. All he has to do is reduce risk and restore profits at the same time.
By Duff McDonald, contributor
FORTUNE -- On an April Friday last year, Morgan Stanley CEO James Gorman received a call while on vacation with his family in Anguilla: In just four days the Agricultural Bank of China was holding a "bake-off" for investment MOREMar 30, 2011 5:00 AM ET
What Wall Street can do to restore confidence, short of giving back the money it lost.
Small investors are fleeing the stock market in droves. Those who cannot gain access to a drove are doing it by themselves. That's lonely work. Pretty soon, all that will be left is the institutional investor, and you know what they say about living in an institution. It's no fun either.
You don't need to be MOREScott Olster, editor - Sep 24, 2010 12:13 PM ET
I had to laugh the other day at the way the Market is behaving, but it wasn't a good laugh. It was one of those dark laughs, full of phlegm and bile, a laugh that dies in the back of your throat, turning before it fades away entirely into a short, sharp growl.
One day up. Two days up. Then down, down 150 or 200 points. It's like psychoanalysis. Two steps forward. MOREBing - Aug 19, 2010 1:31 PM ET
In the market, as in baseball, sometimes all it takes is one bad call.maryjopham - Jul 21, 2010 2:41 PM ET
Wall Street went haywire yesterday, zooming down 1000 points in a 17-minute period for reasons that are still unexplained. What we do know is that the mechanized system failed, causing a huge blip in the heartbeat that keeps corporate capitalism alive. The machines took over for a moment, and chaos ensued.
One possible key may be found, however, in reports on the bizarre incident. These cite the interesting fact that several large MOREBing - May 7, 2010 10:21 AM ET
Our Republican brothers having fallen before the scythe of temporary public opinion, the debate in the Senate has at last been joined. Today we line up behind Team Lloyd and strap on our best pinstripe, wing-tips, and chrome domes. The future of irrational, unseemly wealth is at stake. We have partied hard in the past and awakened to some bad mornings after. But those cotton-mouthed sunrises have done nothing to dim our MOREBing - Apr 29, 2010 3:51 PM ET
It's amazing what expensive messaging can buy. The first wave of publicity surrounding the SEC case against Goldman was fierce and damning. Now what we're seeing is their Public Relations dollars at work. The conversation has shifted, have you noticed? What was huge, solid outrage against Goldman has moderated, and thoughtful (if bald) heads are prevailing.
Of course Goldman took short positions against its long bets on the real estate market. Wasn't MOREBing - Apr 26, 2010 2:05 PM ET
It happens every time the economy hits the skids: Huge numbers of MBA wannabes line up to go back to the classroom. Are you considering going back to school, either to switch careers or ride out the recession? If you're an MBA student or graduate, what do you think was most helpful in getting you admitted? Did going to B-school pay off for you?Gabrielle S. (CNNMoney) - Feb 19, 2009 12:17 PM ET
Word comes today that you find the nearly $20 billion Wall Street paid itself in bonuses (boni?) this year excessive and "shameful." I can see where you might think so, unaccustomed as you are to the needs of moguls, executives, lawyers, bankers, traders and other folk whose lifestyles require an annual infusion of cash to keep them going.
There's so much suffering going on across our nation right now. The maintenance of MOREBing - Jan 30, 2009 9:56 AM ET
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