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Viacom (VIA), something a frequent flyer here on footnoted, has cordially invited shareholders to its annual meeting on March 16 in New York. We can’t help but notice that the date is also the third anniversary of the date that Bear Stearns & Co., tottering on the precipice, agreed to be acquired by JPMorgan Chase [...]
Among other things, when the 112th Congress convenes on Wednesday with a Republican majority in the House of Representatives, it could mean more scrutiny for the 900-lb gorillas of housing finance: Fannie Mae, Freddie Mac and, quite possibly, the less-familiar but still big Federal Home Loan Bank System, which underpins much of the residential mortgage [...]
There may be no second acts in American politics, but sometimes it seems like corporate executives can count on one. As the third man to run American International Group (AIG) in its nine-decade history, Martin J. Sullivan oversaw its disastrous run from one scandal to another. He took over on the ouster of his mentor, [...]
Back in early August, we footnoted the decision by Hyatt Hotels (H) to abandon the Hyatt Regency Princeton after falling behind on the mortgage. At the time, we contrasted the corporate decision to abandon a property it no longer wanted with similar decisions that countless Americans are making about their homes. Now we know how [...]
If you’re in Princeton, New Jersey, anytime soon, swing by the Hyatt Regency Princeton. With the Hyatt Hotels (H) quarterly report filed yesterday, it has become a symbol of the financial crisis — and of a some stark contrasts between business and personal debt in the U.S. Like households across the country, one of Hyatt’s [...]
