Every corporation is unique. It follows that governance arrangements should be tailored to suit. Yet many shareholders, especially indexers, roundly condemn certain governance practices as if one size fits all. Three corporate practices illustrate this: combining the roles of chairman and chief executive; staggered director terms, and classes of stock with different voting rights. Each… Continue reading Outside the Box: Active managers see value in these 3 company practices but indexers hate them. Who’s right?
Dear Moneyist, My wife and I purchased a home a year ago. I believe we overpaid by 20%, but the appraisal matched what we paid. I do not like the house. It is attached. There is noise pollution, and I don’t think the neighborhood is the safest. We spent most of our savings on the… Continue reading The Moneyist: My wife pushed me into buying a home because she provided two-thirds of the down payment. Now I’m stuck in a house I hate
On a crisp March morning in 2016 I woke up in a friend’s Brooklyn apartment and made my way, copy of The New Yorker in hand, to Peter Pan Donut & Pastry shop, a rare 1950s holdout in gentrified Greenpoint, where waitresses wear mint-green button-down dresses with pink caps and coffee costs $1 (including refills).… Continue reading How hate became a driving force in elections
A recent article in Vice, “You don’t hate charcuterie, you just hate rich people”, explained how the consumption of cold meats, a favourite of wealthy diners, has a noble working-class history and that we should celebrate this, free of guilt. Without unpicking the class significance of pâté and cornichons here, the second half of the… Continue reading It’s easy to hate the rich but harder to justify it
Since Donald Trump walked up to the Oval Office unhindered by his crass “locker room conversation,” masculinity has been. hot topic. As three new books demonstrate, the causes and consequences of its most “toxic” manifestations are multiple. Laura Bates, author of Men who hate women, has visited UK schools almost every week since the inception… Continue reading Men Who Hate Women by Laura Bates — gender warfare