Mike Chaucer

Nothing is securities fraud? The simplest form of fraud is that you lie to someone and they give you money. Perhaps you give them something in exchange for their money, but you lie about its attributes. (They pay you for magic beans, but the beans are not magic.) Or perhaps you lie about giving them […]

Reddit There is a standard argument, whenever a big tech company does an initial public offering, about whether it “left money on the table.” When a company does an IPO, it sells stock to investors at some price that the company sets with its bankers based on orders from investors, and then the next day the stock opens for

I wrote the other day about hypothetical ways that a bank could “transfer” its carbon emissions to somebody else. The basic idea is that there are standards — mainly from the Partnership for Carbon Accounting Financials — for calculating the greenhouse gas emissions attributable to a bank’s financing activities (that is, loans that it makes and holds) and its facilitation activities

The theory of executive severance goes something like this. The chief executive officer of a public company wants to run the company. Running the company pays well, it’s prestigious, it makes the CEO feel powerful and important. Also the CEO has probably devoted much of her career to the company, cares about it, and has

What’s going on currently in the Financial World- from Matt Levine – Bloomberg – (Copyright Matt Levine Bloomberg News ) Matt LevineI writes the Money Stuff newsletter at Bloomberg Opinion. You can subscribe at this link, or read the archive at this link.    I am a columnist at Bloomberg Opinion. My daily newsletter is