The media last week breathlessly focused on Oracle founder Larry Ellison briefly overtaking Elon Musk as the world’s richest person. Only veteran Barron’s scribe Andrew Bary noted the very different ways they built their fortunes.
Ellison’s wealth rests on legal stock manipulation. Musk’s wealth was earned the old-fashioned American way: building innovative businesses.
It’s heartening that the New York Times has published a detailed exposé exposing JPMorgan Chase’s culpability as one of Jeffrey Epstein’s enablers and showing the bank ultimately bears responsibility for some of the sex offender’s illicit activities. Regretfully, the Times seems short on editors who could have made the dense…
Ford has already recalled nearly 8 million vehicles in 2025 — more than it will sell worldwide. Here’s my PSA for anyone thinking of buying a vehicle with a Blue Oval on the hood.
From tiki statues and “family” talk to 4,000 pink slips and an army of bots.
Salesforce CEO Marc Benioff calls this “progress.” I call it another entry in my CEO Hall of Shame.
Woke Pepsi spent years greenwashing, virtue signaling — and blowing billions on stock buybacks to fizz its share price. Paul Singer’s ruthless Elliott Investment Management has taken note.
Pepsi’s fate couldn’t happen to a more deserving management.
Patrick Mahomes has already established himself as one of the greatest quarterbacks in NFL history. In short order, he could also be more closely associated with coffee than Starbucks CEO Brian Niccol.
Mahomes helped concoct far superior coffee beverages.
The Ford family once tightened their belts to protect their company. Today? They’re milking it with generous dividends.
Wall Street Journal columnist Jonathan Weil — the first reporter to question Enron’s finances and a relentless critic of private equity’s “fishy” accounting — has sounded the alarm on Ford’s dividend math.
Weil’s take? Ford’s “adjusted free cash flow” is little more than cash flow before bad stuff. Wall Street has a less charitable term for Ford’s financial legerdemain.
Mark Zuckerberg spent $110M to wall himself off from his Silicon Valley neighbors. He could have used some of his billions to wall children off from Meta’s chatbots.
Reuters uncovered internal guidelines that allowed bots to flirt with kids and even write racist screeds. Meta’s response? The same rinse-and-repeat PR denial we’ve heard for years.
So far, only rock legend Neil Young has expressed outrage — and bolted from Facebook.
Pension funds. University endowments. Your retirement account. The Wall Street Journal reporter who first exposed Enron warns they could be the next victims of private equity’s “fishy” accounting.
Gulfstreams. $14,000 cappuccino machines. A $96M payday—6,666x the median wage he pays employees—while telling managers to cut costs. Starbucks CEO Brian Niccol is the poster boy for CEO narcissism. Here’s why investors should care.