Tuesday April 20, 2010 MGM teeters on bankruptcy. This is the studio that where the Bond movies, one of the most successful long running movie franchises in history, have been filmed. But the producers long to move to Fox or Sony, so the next sequel has been delayed.   I don't care for the way the…

Monday April 12, 2010 Mish explains how he started blogging. I was struck at how similar his story was to Bruce Howard, each found themselves out of work, what to do?  Each found a new direction. Each of them did this by mastering communication. We continue to emphasize presentations, oral communications, and written reports, as…

'Obama's paln to fix the foreclousre crisis has been a dud, putting the housing market recovery at risk.' Typical of Federal programs I would say, here is another quote 'while homeowners and hosuing counselors say navigating the bureaucratic maze often seems impossible, mortgage companies say they struggle to get back the necessary paperwork.  'A record…

In Intermed II we study stock awards, options and various incentives. We reported yesterday that some Goldman execs may be arming themselves. Now comes the story that the back lash over bonuses is so great that Goldman is considering awarding stock rather than cash. No word on when that stock could be sold. This backlash…

To me the big story here is not that the interim CEO resigned but this THe board dsicussed the situation until almost 1 AM Wednesday finishing off an 11 hour day without making any decisions. That followed a five hour meeting Monday that concluded with Geis issuing a public apology. Two execs had already been…

The Museo Alameda had a net operating loss of $1.47 million on revenues on revenues of $1.97 million. So it lost nearly as much as it took in. It had  whopping 30 employees on the payroll while racking up the losses and went through three executive directors in a couple of years.   Initial estimates…

Fritz Henderson will report on GM monday, the first reports since emerging from bankruptcy. It seems accounting for in bankruptcy and out of bankruptcy made for some overtime for the acct and legal staff.  GM is losing less money, welcome to the new normal….

One columnist wants to know why Hollywood is exempt from salary caps? Good question, Barney Frank wants to regulate all salaries. Okay Barney, meet Bob! Katzenberg at Dreamworks is a big  supporter of social regulation, I bet he would be pressed to make it on $200K, how does he feel about this? How do you…

India bought gold to boost reseves today to meet needs for IMF standards.   The big news is the European banks with the the break up of Lloyds  and RBS, Royal Bank of Scotland.   UBS in Switzerland report a continued loss in investment dollars and thier shares tumbled.    The truth is that USB is accurately reporting what…

CIT joined the list this weekend, another victim of sub prime.