Friday, January 21, 2011

Greed, envy and stupidity

Aberdeen Salmon

Aberdeen Salmon © fintag

News comments:
Aberdeen Asset Management. UK's largest independent asset manager (nearly GBP200bn AUM) that cleverly bought distressed DB and CS divisions in 2008 and helped boost its revenue and AUM. Stock price has risen 60%+ so you would thought the CEO should be applauded and allowed his GBP5m plus package (salary + bonus + share sales). But no. The shareholders put their foot down (herald scotland).

Something a bit odd there. Perhaps all financial institutions should turn into non profit organisations...

Today's shorts:
Alan Johnson RIP. Welcome to Ed Balls (cityam)

Today's longs:
Germans spit on Irish and Greek peasants (bloomberg)

Gossip:
How to Navigate a Prime Brokerage Agreement spam to bring the internet down.



1 comments:

Anonymous said...

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