Friday 28 August 2009

Ultimi Barbarorum

I've discovered Ultimi Barbarorum, and immediately added it to the subscriptions list of my now-groaning Google Reader.

Immediately, that is, after reading this excellent posting which opened my eyes to what exactly senior management (especially in the States) is doing with all those share buybacks. To some extent he's only pointing out the obvious, but it's depressing just how often I don't see the obvious (or maybe it's only obvious now I've read the article).

It seems that Mark Cuban has a similar understanding of what's going on, as expressed here ("Most CEOs ... are so focused on marking to market their own personal stock portfolios, they emphasize stock performance over doing the right thing for the company").

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