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...Stephen GandelNot really, because the thing that was at the heart of the banking turmoil we had, banks were failing for reasons that they hadn’t failed before....
...involve further tax rises can’t be reconciled with each other....
...Marc Filippino This isn’t the first time McKinsey’s consulting projects have come under fire. Can you put this episode into context for me? Stephen Foley Yeah....
...Closs Stephens points out that the corporation’s errors are often magnified....
...Credit Suisse with UBS was an “unhelpful” way to deal with a failing global bank and US regulators would not shrink from a full shutdown in a similar situation, the chair of the Federal Deposit Insurance Corporation...
...“Younger talent doesn’t want to take one job and work for 40 years and get a measly buyout when they’re done,” said Allan Koltin, M&A consultant to accounting firms....
...This is a classic “dull but v v v v important” issue that rarely gets the attention it should, because a lot of people understandably lose the will to live as soon as you start talking about financial plumbing...
...“We don’t need capital and we don’t need a method to distribute income any differently.” Becker took the helm of RSM US in 2022 having previously run its consulting business....
...And unlike the five pledges strategy, it isn’t dead in the water....
...“Those aren’t things that you land . . . in the next six months,” he said....
...“It’s quite clear that we’ve had employees at the FDIC subjected to horrendous experiences that simply are unacceptable and can’t be tolerated,” Gruenberg said. Read more on the FDIC here...
...going to basically get rid of, I don’t know, a third of the tax code . . ....
...Stephen Gandel Not only did they have sort of a sub-profitable mess, they also had a mess that they couldn’t manage that could lead to some big problems....
...Stephen Foley is the FT’s US accounting editor....
...Frankly, that suggests to me that, while the arguments in the letter are worth engaging with, the career choices of the signatories aren’t....
...T V Narendran, Tata Steel’s chief executive, told the Financial Times the status quo was “not sustainable”....
...“You didn’t think you had a fiduciary responsibility to those young women?” Kennedy asked....
...“For whatever reason, people have not moved their money from the big banks, and so they just haven’t had to pay up.”...
...BUY: [AAPL, GOOGL, AMZN, MSFT, TSLA, FB, NVDA, JNJ, BRK-B, JPM, V, PG, UNH, MA, INTC, ADBE, HD, VZ, DIS, NFLX, PYPL, CRM, XOM, CMCSA, CSCO, PEP, ABBV, ABT, BAC, KO, T, MRK, NKE, NVAX, TMO, WMT, CVX, PFE,...
...“Israel’s war aims can’t be met”....
...corporation....
...“He’s all about what is the lowest-risk, highest-reward path and I don’t know why the market hasn’t figured that out.”...
...I’m filling in for Stephen today after he kindly let me hijack this newsletter for my own purposes....
...The irony shouldn’t be lost on anyone....
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