Richard Beales joined Breakingviews in 2007 from the Financial Times, where he was U.S. markets editor and a Lex columnist. Prior to the FT, he spent more than 10 years as an investment banker at Schroders and Citigroup, based largely in Hong Kong and working on project finance, mergers and acquisitions. He has also lived in Sydney, Australia, and began his working life in London at Mars & Co, a management consultancy. Richard holds a masters in business journalism from New York University and a degree in biochemistry from St John’s College, Cambridge. Follow Richard on Twitter @richardbeales1
- Tel: +1 646 223 6086
- E-mail: email@example.com
The U.S. defense firm’s directors unexpectedly ousted the chairman-CEO after deciding his mind wasn’t fully on the job. They had a strong in-house replacement at hand, ensuring that investors barely blinked. Even boards with separate chairmen aren’t usually so on the ball.
A cyber group probably seeking a trading edge is targeting deal-prone pharma companies and advisers like lawyers. What’s striking, as in many more sophisticated hacks, is the basic mistakes people make to let the intruders in. It’s one more worry for the merger-minded.
A Citi analyst settlement and a probe into an HSBC hedge fund leak aren’t about grey areas. The alleged transgressions break clear rules. As in a recent experiment reported by Nature, they betray bankers’ tendency to eschew what they should do for what they can get away with.
- Sotheby's CEO exit more scream than car crash
- Valeant's activist deal too clever by half
- The U.S. could use a long-term marketing plan
- Fed has little to show for QE experiment
- Apple's promise justifies return to old big self
- U.S. central bank can do without higher inflation
- Spreadsheet bungles alive and well in high finance