Rob Cox helped found Breakingviews.com in 2000 in London. From 2004 he spearheaded the publication's expansion in the United States and edited daily Breakingviews columns in the New York Times and Wall Street Journal. Rob has worked as a financial journalist in London, Milan, New York, Washington, Chicago and Tokyo. Rob was named editor in chief of Breakingviews in December 2012, three years after it was acquired by Thomson Reuters. Rob is a frequent contributor to MSNBC and has written opinion pieces on a variety of subjects for the Wall Street Journal, Newsweek, USA Today and other publications. Rob graduated from Columbia University’s Journalism School and the University of Vermont. Follow Rob on Twitter @rob1cox
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That’s where the chefs are British, the lovers Swiss and the mechanics French. Pirelli risks becoming the corporate equivalent: the management Italian (as in the joke), its owner a Chinese state enterprise, and other partners Russian. Minority investors won’t find it funny.
The problem with Jeff Immelt’s conglomerate isn’t inertia, bad managers or crummy assets. GE faces a harder nut to crack: Investors don’t seem to give a damn. As Microsoft’s experience before Satya Nadella suggests, the perception of a stock as dead money is hard to shake off.
After a stressful week of stress-testing, U.S. mega-lenders might want to kick back and earn some money. If only it were so easy. They’ve mostly proven they can weather a flood, but not yet a break in the levee. That comes next with the Fed and FDIC resolution requirements.
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