tag:blogger.com,1999:blog-4980852240805364680Fri, 30 Apr 2010 20:53:21 +0000http://moneyfornothingthebook.com/content/noreply@blogger.com (dbz2001)Blogger27125tag:blogger.com,1999:blog-4980852240805364680.post-119093305111524537Sun, 31 Dec 2023 19:33:00 +00002009-12-19T13:57:14.151-08:00outrageThe Outragehttp://moneyfornothingthebook.com/content/2009/12/outrage.htmlnoreply@blogger.com (DD)tag:blogger.com,1999:blog-4980852240805364680.post-6376558106436408932Thu, 31 Dec 2020 19:38:00 +00002009-12-02T08:45:41.724-08:00actionTake Actionhttp://moneyfornothingthebook.com/content/2009/12/take-action.htmlnoreply@blogger.com (DD)tag:blogger.com,1999:blog-4980852240805364680.post-5988132638629017842Wed, 02 Dec 2020 00:01:00 +00002010-02-16T21:23:27.010-08:00excerptchaptersbookThe Book     Excerpts     Chapter Overviews     Recommendations http://moneyfornothingthebook.com/content/2009/12/book.htmlnoreply@blogger.com (DD)tag:blogger.com,1999:blog-4980852240805364680.post-4041269686244646560Fri, 30 Apr 2010 20:53:00 +00002010-04-30T13:53:15.716-07:00 This blog is now located at http://content.moneyfornothingthebook.com/. You will be automatically redirected in 30 seconds, or you may click here. For feed subscribers, please update your feed subscriptions to http://content.moneyfornothingthebook.com/feeds/posts/default. http://moneyfornothingthebook.com/content/2010/04/this-blog-has-moved.htmlnoreply@blogger.com (DD)tag:blogger.com,1999:blog-4980852240805364680.post-4823358779467449670Wed, 17 Feb 2010 05:25:00 +00002010-02-16T21:51:50.768-08:00recommendationsBoardroom Culture Create a new class of public directors Insist on greater gender, ethnic, experiential, and, most importantly, perceptual diversity Impose term limits on independent directors Limit directors to serving on three or fewer boards Require directors to put more skin in the game with meaningful equity purchases Initiate more communication between directors and shareholders http://moneyfornothingthebook.com/content/2010/02/recommendations.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-9216261129669320044Mon, 18 Jan 2010 01:34:00 +00002010-01-31T23:16:21.827-08:00Contact Media Clips / Contacthttp://moneyfornothingthebook.com/content/2010/01/press-clips.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-6641348984829966456Mon, 18 Jan 2010 00:41:00 +00002010-02-03T11:08:08.053-08:00ContactPrint/Online: Newsweek: "Wall Street’s Fishbowl: How banks brought on the scrutiny." New York Times Review: "Taking Away Directors' Rubber Stamps: In Money For Nothing, A Call for Accountable Directors" Simon and Schuster / Free Press Official Website for Money For Nothing Gillespie/Zweig, Daily Beast: Blogs & Stories: How Boards Are Destroying Corporations Kurt Andersen, Daily Beast: The http://moneyfornothingthebook.com/content/2010/01/printonline-gillespiezweig-daily-beast.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-4191159041273158348Sun, 17 Jan 2010 15:02:00 +00002010-01-17T07:20:24.486-08:00Offers... a valuable new perspective by focusing on the tragicomic miscues of the people who were ostensibly meant to “govern” out-of-control managements...The authors write in a nonpedantic, readable style, and they don’t mince words.http://moneyfornothingthebook.com/content/2010/01/new-york-times.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-7016644635347485670Fri, 01 Jan 2010 07:59:00 +00002009-12-20T08:50:29.393-08:00excerptThis is what happens when a corporate giant collapses and dies. All eyes are on the CEO, who has gone without sleep for several days while desperately scrambling to pull a rabbit out of an empty hat. Staffers, lawyers, advisors, accountants, and consultants scurry around the company headquarters with news and rumors: the stock price fell 20 percent in the last hour, another of the private equityhttp://moneyfornothingthebook.com/content/2009/10/from-chapter-1.htmlnoreply@blogger.com (DD)tag:blogger.com,1999:blog-4980852240805364680.post-2300787529847363720Mon, 28 Dec 2009 15:54:00 +00002009-12-30T08:40:48.786-08:00action The internet is empowering individual investors as never before. Now you can learn what resolutions concern the companies you own, how mutual funds are voting your shares, how you can communicate with corporations, and how you can take action. One person can make a difference. Look at what Eric Jackson and 100 other small investors did with Yahoo. Here is a partial list of sites you will find http://moneyfornothingthebook.com/content/2009/12/get-informed.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-7479733513717180561Sun, 27 Dec 2009 19:49:00 +00002009-12-30T12:24:15.291-08:00actionIt's easier than ever to vote your shares, and thanks to changes by the SEC, your votes mean more than ever. Until 2010, your stockbrokerage could vote your shares any way it wanted, unless you gave instructions otherwise. Many of these relationships were fraught with conflicts of interest. Shareholders' interests were often ignored. Starting now, brokers can no longer vote "uninstructed shareshttp://moneyfornothingthebook.com/content/2009/12/vote.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-5916311223282578792Sat, 26 Dec 2009 20:28:00 +00002009-12-30T14:26:33.118-08:00actionWe're now in a unique window of opportunity. The nation has suffered enough financial damage that Congress is contemplating a number of serious measures to improve the way companies issues. Here are the major pieces of pertinent legislation in the Congressional pipeline: Investor Bill of Rights Act of 2009: ("The Schumer Bill") "...to provide shareholders with enhanced authority over the http://moneyfornothingthebook.com/content/2009/12/write-to-congress.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-3231004482310729301Fri, 25 Dec 2009 08:36:00 +00002010-01-02T11:59:37.903-08:00actionSeriously. They seem to be back from the dead. The SEC has a sparkling new Investor Advisory Council (SECIAC). It has nothing to do with the enforcement that was so lacking in recent years, but it is charged with "advising the Commission on matters of concern to investors in the securities markets; providing the Commission with investors' perspectives on current, non-enforcement, regulatory http://moneyfornothingthebook.com/content/2009/12/write-sec.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-1510118063513338375Sun, 20 Dec 2009 15:30:00 +00002009-12-20T07:30:41.224-08:00http://moneyfornothingthebook.com/content/2009/12/moneyfornothingthebookyahoocom.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-5964529097936094277Sat, 19 Dec 2009 21:18:00 +00002009-12-29T16:56:37.270-08:00outrageApproximately 9 percent of net corporate profits went to the top five executives in major corporations in the ten years up to 2004 according to Harvard professor Lucian Bebchuk—twice what it was in the mid 1990s. All this was approved by boards.Between 1980 and 2006 there were only thirteen cases in which outside directors had to settle shareholder lawsuits with their own money.After "retiring" http://moneyfornothingthebook.com/content/2009/12/between-1980-and-2006-there-were-only.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-2816522384545323854Sun, 06 Dec 2009 02:24:00 +00002009-12-05T18:41:58.999-08:00reviewsAt last someone turns the spotlight on the most overlooked element of the financial meltdown--the boards of directors. With an unerring eye for the telling details and the structural and personal failures they reveal, this book is filled with insight about the failures of directors and what it takes to make it work. Must reading for directors, investors, head-hunters, lawyers, executives, and http://moneyfornothingthebook.com/content/2009/12/nell-minow.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-1011873290240987441Sun, 06 Dec 2009 02:15:00 +00002009-12-05T18:45:46.853-08:00reviewsIt's hard to imagine a more important or perfectly timed book than Money for Nothing. The reporting and research are impressive, the cool ferocity of the critique entirely persuasive. John Gillespie and David Zweig, a pair of blue-chip capitalist insiders, are the perfect whistleblowers for our shockingly corrupt and dysfunctional corporate system.http://moneyfornothingthebook.com/content/2009/12/kurt-anderson.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-4777596724472436526Wed, 02 Dec 2009 20:19:00 +00002009-12-19T14:02:17.458-08:00chaptersChapter One: Out of ControlWhat happens when a giant dies...the financial disaster...Lehman, Bear, Merrill, and GM...Alexander Hamilton, greedy CEO...the history of boards and the historical failure of regulation and reforms....Chapter Two: Ripple EffectsBear Stearns and Countrywide...corporate failures in New York bring devastation to California and rural AustraliaChapter Three: Networks of http://moneyfornothingthebook.com/content/2009/12/chapter-overviews-go-here.htmlnoreply@blogger.com (DD)tag:blogger.com,1999:blog-4980852240805364680.post-3785805280926717163Wed, 02 Dec 2009 06:24:00 +00002009-12-01T22:33:53.940-08:00reviews“Gillespie, a former investment banker with Lehman Brothers, Morgan Stanley, and Bear Sterns; and Zweig, business consultant and Salon.com founder, blow the whistle on the insular, apathetic, and dangerously lackadaisical world of corporate boards. Of the world's 200 largest economies, more than half are corporations, whose economic might is matched by their political and environmental sway. http://moneyfornothingthebook.com/content/2009/12/publishers-weekly.htmlnoreply@blogger.com (DD)tag:blogger.com,1999:blog-4980852240805364680.post-3451413494703504049Tue, 01 Dec 2009 23:56:00 +00002009-12-01T23:02:45.712-08:00authorsThe Authorshttp://moneyfornothingthebook.com/content/2009/12/authors.htmlnoreply@blogger.com (DD)tag:blogger.com,1999:blog-4980852240805364680.post-3595292522765620326Tue, 01 Dec 2009 20:54:00 +00002009-12-29T16:58:17.706-08:00excerptAccording to an Air Force fact sheet, the F-22A Raptor fighter jet provides "an exponential leap in war-fighting capabilities that cannot be matched by any known or projected fighter aircraft." Retired General Richard Myers could be thought of in virtually the same way—as a new class of board member with the ability to stealthily navigate the corridors of government at high speed. He can deliver http://moneyfornothingthebook.com/content/2009/11/from-chapter-3.htmlnoreply@blogger.com (DD)tag:blogger.com,1999:blog-4980852240805364680.post-1569374020594437535Tue, 01 Dec 2009 19:22:00 +00002009-12-20T07:41:56.660-08:00ContactContacthttp://moneyfornothingthebook.com/content/2009/12/how-to-contact-us.htmlnoreply@blogger.com (DD)tag:blogger.com,1999:blog-4980852240805364680.post-353828983400385726Tue, 01 Dec 2009 07:11:00 +00002010-01-31T23:14:20.328-08:00reviewsA timely analysis by seasoned insiders on a too overlooked factor in the worst financial crisis in generations, and a staggering indictment of the consequences when directors do not direct....http://moneyfornothingthebook.com/content/2009/11/finlay-on-governance.htmlnoreply@blogger.com (dbz2001)tag:blogger.com,1999:blog-4980852240805364680.post-8174896223448729562Mon, 30 Nov 2009 20:55:00 +00002009-12-30T00:27:50.426-08:00excerptCreate a new class of public directors: Federally mandated reforms that open the board nominating process will necessarily create a demand for new director candidates. Who will they be? Narrow special-interest nominees likely won' get enough institutional support to win. Nor would they be ideal directors. Candidates drawn from the traditional inner-circle pools promise no meaningful change. We http://moneyfornothingthebook.com/content/2009/11/from-chapter-8.htmlnoreply@blogger.com (DD)tag:blogger.com,1999:blog-4980852240805364680.post-4960688867450051894Mon, 30 Nov 2009 19:15:00 +00002010-01-02T03:17:20.080-08:00bookThe new book Money for Nothing goes deep inside the elite world of corporate leaders to reveal its inner workings and show how the glaring failures of the system have imperiled our economy. As authors John Gillespie and David Zweig—both Harvard MBAs with 30-plus years of Fortune 100 experience at investments and media companies—note, more than half of the world's 200 largest economies are not http://moneyfornothingthebook.com/content/2009/11/us-supreme-court-has-decreed-that.htmlnoreply@blogger.com (DD)