Word: investors
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...Mendillo went out to dinner with her husband to celebrate her fiftieth birthday, only to return home to multiple messages from her HMC team notifying her that they were formulating contingency plans for Lehman Brothers’ collapse—the largest bankruptcy in U.S. history and what many investors see as a seminal event in the financial crisis.Stephen Blyth, who had only been promoted to his post as head of internal management at HMC the week before, says that Oct. 2008 was the most volatile month in the entire history of equity markets. While the markets were already ominous...
Economist David Rosenberg earned his way onto Institutional Investor's All-America Research Team for the past four years by making smart market calls for clients at Merrill Lynch. Now the chief economist and strategist at Gluskin Sheff, a Toronto-based wealth-management firm, Rosenberg tells TIME contributing editor John Curran why he thinks this market rally is headed for trouble...
...what the plans mean for them in the future. Opel employs around 26,000 workers in Germany, almost half of GM Europe's total workforce of 55,000. With Germany in the driving seat during the negotiations, politicians and trade unions in other European countries are concerned the new investor Magna, along with its Russian partners, will protect German jobs at the expense of other jobs. "There are going to be more tough negotiations with GM Europe and Magna," says Klaus Franz, the head of Opel's works council. "A very stony road lies ahead of us. Jobs will...
...SIPA trustee handles bankruptcies when the Securities Investor Protection Corp. (SIPC) steps in to take charge of fallen brokerage houses. Picard is considered the superstar of SIPA trustees, having handled the largest cases SIPC has managed, and other large non-SIPC cases, such as portions of airline TWA's bankruptcy. He has participated in at least 38 major bankruptcy decisions. According to Stephen Harbeck, president of the Securities Investors Protection Corporation, Picard has served as trustee in more brokerage firm liquidations than anyone else in the U.S. (See the worst business deals...
Robert Chew is a former investor with Madoff via a feeder fund. He lives in Colorado...