at The New York Times Business Day, on JNJ’s mediocre results

Link: https://www.nytimes.com/aponline/2017/04/18/business/ap-us-earns-johnson-johnson.html

——————–

“The company performed mediocrely in two key areas — pharmaceuticals and consumer products. It managed expenses well, but to continue to increase profits, it has to generate better sales increases.”

______________________

Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan USA
______________________

Shareholder advisor service says “can 12 of Wells Fargo’s directors”

Link: https://www.wsj.com/articles/proxy-advisory-firm-iss-suggests-wells-fargo-shareholders-vote-against-12-of-15-directors-1491579277

——————–

In The Wall Street Journal: the extraordinary recommendation by shareholder
advisor ISS to vote against the re-election of 12 Wells Fargo directors:

https://www.wsj.com/articles/proxy-advisory-firm-iss-suggests-wells-fargo-shareholders-vote-against-12-of-15-directors-1491579277

______________________

Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan USA
______________________

Wall Street’s WhatsApp Secret: Illegal Texting Is Out of Control

Link: https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2017-03-30/wall-street-s-whatsapp-secret-illegal-texting-is-out-of-control

——————–

We got the closer line.

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2017-03-30/wall-street-s-whatsapp-secret-illegal-texting-is-out-of-control

__________________________
Erik Gordon
Ross School of Business
University of Michigan
USA

GM rejects proposal from hedge fund billionaire David Einhorn

Link: http://www.freep.com/story/money/cars/general-motors/2017/03/28/general-motors-billionaire-david-einhorn/99732614/

——————–

Second story on hedge fund manager’s idea of splitting GM stock into two classes:

http://www.freep.com/story/money/cars/general-motors/2017/03/28/general-motors-billionaire-david-einhorn/99732614/

__________________________
Erik Gordon
Ross School of Business
University of Michigan
USA

In The New York Times: Eton Park to Shut Down as $3 Trillion Hedge Fund Industry Faces Turmoil

Link: https://www.nytimes.com/2017/03/23/business/dealbook/eton-park-hedge-fund-closes.html?smid=nytcore-iphone-share&smprod=nytcore-iphone

——————–

The firm, founded by a former Goldman Sachs partner, Eric Mindich, decided to close after a 10 percent decline in performance last year.

__________________________
Erik Gordon
Ross School of Business
University of Michigan
USA

More women billionaires, but the progress isn’t systematic.

Link: http://www.csmonitor.com/Business/2017/0321/Progress-for-women-on-the-Forbes-list-meaningful-change-or-just-a-fluke

——————–

Story in The Christian Science Monitor: More women are billionaires.

That’s nice for them and they are nice role models, but it would be nicer
to see more women in roles that more women can fill — roles like VP or CFO
or CEO or director.

http://www.csmonitor.com/Business/2017/0321/Progress-for-women-on-the-Forbes-list-meaningful-change-or-just-a-fluke
______________________

Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan USA
______________________

Reuters, CNBC on Ackman finally selling his stake in Valeant

Link: http://www.reuters.com/article/us-valeant-ackman-idUSKBN16K2KT

——————–

Hedge fund manager, Bill Ackman, finally sold his stake in the pharma
company famous for buying companies and raising the prices of the
companies’ drugs. He lost about $3 billion on the investment. That’s more
than most of us want to lose, at least on a single investment.

Reuters:

http://www.reuters.com/article/us-valeant-ackman-idUSKBN16K2KT

at CNBC:

http://www.cnbc.com/2017/03/13/reuters-america-update-2-ackmans-pershing-square-sells-valeant-stake-takes-3-bln-loss.html
______________________

Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan USA
______________________