Why I hope Fidelity Investments is poised to clean Morgan Stanley’s clock.
People
Michael Schroeder Gave Me My Career Break
Michael Schroeder was among the most decent people I encountered in journalism. He also changed my life.
A remembrance of the reporter and editor who gave me my career break at The Detroit News.
Lululemon and Ken Paxton’s Frontier Justice
Although it couldn’t happen to a more deserving company, Texas Attorney General Ken Paxton’s disclosure that he’s investigating Lululemon for toxic “forever chemicals” smacks of performance politics.
Paxton’s press release briefly wiped out billions in Lululemon’s market value before any facts were established — violating the principle that even corporations are innocent until proven guilty.
Bryon Noem: The Person vs. The Punchline
If you’re looking for friends who will stick with you through thick and thin, Castlewood, a South Dakota town of about 700 residents, might be the answer to your prayers.
It’s a set of values America’s political and media elite don’t understand.
Jim Farley’s $27.5M Participation Payday
Ford CEO Jim Farley’s $27.5 million payday is an insult to Ford employees, investors, and U.S. taxpayers.
Oxford Philosophy Majors Shall Inherit the Earth
Here’s why the smartest people in the room right now aren’t the MBAs, quants, or AI evangelists—but two Oxford-trained philosophy majors who appreciated the risks in private credit before anyone else.
One is Eugene Ludwig, the former Comptroller of the Currency under President Clinton. The other is Stephen Diggle, a money manager whose firm made billions betting on the 2007–08 financial crisis.
More than a year ago, Ludwig warned private credit was a “ticking time bomb.” Diggle is now positioned to profit from the implosion of private credit and private equity.
Meanwhile, Wall Street Journal reporter Jonathan Weil—the first to question Enron’s accounting—is raising uncomfortable questions about private credit and private equity valuations.
This story isn’t getting nearly enough attention.
The Web of Jeffrey Epstein’s Lawyers and Bankers
Jeffrey Epstein destroyed lives.
He also did business with some of the most powerful lawyers and banks in America.
Careers fell. Institutions didn’t.
When Leaders Lose: Josh Allen vs. Mary Barra
Josh Allen lost a playoff game and took responsibility.
Mary Barra presided over billions in EV losses and said she had no regrets.
This isn’t about football or automobiles. It’s about how leaders respond when outcomes can no longer be spun — and how accountability often seems easier to find in locker rooms than on CNBC.
Remembering Chris: Jim Farley on Homelessness
I’ve spent years criticizing Ford CEO Jim Farley. In recent days, I learned about a side of him that rarely shows up in corporate America.
On Mary Barra Sliming Biden for GM’s EV Failure
Mary Barra last week blamed Joe Biden for GM’s EV mess.
The media gave her a free pass.
Again.