Archives for January 2009

Barry Diller speaking at the Reuters Media Summit opined that companies with healthy revenues and profits should not add to the economic misery by laying off people at exactly the wrong time – when its hard to find other jobs. There is a certain perversity to the recent layoffs. In good times, smart companies like […] 

Fascinating. Incriminating. Disappointing. Satyam’s CEO has written a mea culpa letter to the regulatory authorities indicating a fraud of epic proportions that included inflated cash balance, fake earnings and more. He said, the scheme reached “simply unmanageable proportions” and he was left in a position “like riding a tiger, not knowing how to get off […] 

The season for predicting the future is upon us. Except its become extremely hard to predict the future after what happened this year: the financial system nearly collapsed, an African-American with Hussein as his middle name became the President, the Iraq war became a fringe issue, Alaskan geography and bridges became the center of editorials […]