Posts tagged: United States

Nov 09 2008

New Books on the Rich Arrive Just in Time for the Bust

The rich make for great reading. Except, perhaps, during a recession.
Even as the global wealth-creation machine grinds to a halt, and rich become scorned and scarce, books highlighting the wealthy are stacking up fast.
It isn’t as bad as “Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market,” the ill-fated [...]

Oct 27 2008

No Big Franchising salary > U.S. president’s

The President of the United States makes $400,000 plus benefits and that seems a fair wage for someone with an MBA.
Until thing get sorted out, all CEOs (private and public) should voluntarily limit their remuneration to that equal or less than $400,000. And no golden parachutes, options or other BS.
That goes for all of Big [...]

Oct 17 2008

Symbols: Strength through Unity

Michael Webster over at Misleading Advertising Law picked up on my recent posting: Franchisng is the latest Big Con.
I absolutely agree with him: the best defense against post franchisor opportunism is a well-funded, professionally managed independent franchisee association, IndFA.
There is no substitute for collective action and only a fool thinks otherwise.
The power of “sticking together” [...]

Oct 15 2008

The Value of Knowing which questions to Ask

Frank Zaid is a Canadian lawyer with Osler, Hoskin & Harcourt LLP.
1. From his wikipedia page:

He has been listed as one of the leading franchise law practitioners in every published edition of the Canadian Legal Lexpert Directory, the Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada.
In the 2005 and 2006 editions of Who’s [...]

Oct 12 2008

Paulson: ‘Aggressive’ Global Effort Planned; U.S. to Take Bank Stakes

U.S. Treasury Secretary Paulson said he and his Group of Seven counterparts had agreed to an “aggressive” plan to deal with a financial turmoil that has quickly ballooned into a “global event.” While the U.S. has come up with its own bank rescue plan, Paulson said other countries are considering options appropriate to their own [...]

Oct 04 2008

United States of AUS: McTurkeys come to their Senses

Late breaking AUS Franchise news via Blue MauMau.
The International Franchise Association, IFA has instructed the Commonwealth of Australia on which laws they should and should not have.
McTurkeys instinctively renounced their citizenship and assumed the posture most likely to please Big Franchising’s head office.
In a predictably subtle grasp of international and constitutional legal matters, an unnamed [...]

Oct 03 2008

Hank Greenberg’s Sudden Wealth Loss

If you thought Bear Stearns’ Jimmy Cayne or Lehman Brothers Holdings’ Dick Fuld had a bad case of the SWILs, consider the plight of former American International Group chief Maurice “Hank” Greenberg.
Mr. Greenberg, ousted as chief of the giant insurer in 2005, owns shares of AIG through Starr International and through his personal holdings. Starr, [...]

Oct 01 2008

Bernanke Learns Lessons From Great Depression

Over at the Economist, a blog item flags the eerie parallels between the current crisis and the one they described on November 23, 1929, excerpted below:
“A prolonged upward movement…has been built up over a series of years on the amazing and unexampled prosperity of America. But some two years ago the speculative movement seemed [...]

Sep 19 2008

Will the China Investment Corp get a slice of Morgan Stanley?

The President of China Investment Corp, Gao Xiqing, has made his way to the U.S. with Wei Christianson, CEO and Managing Director of Morgan Stanley China, sparking rumours that the Chinese sovereign wealth fund may buy up to 49% of the beleaguered investment bank. Gao has been scheduled to meet Morgan Stanley executives in San [...]

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