Posts filed under “Corporate Management”
@ritholtz I’ve read about other orgs before, and they don’t usually talk about a “search for the truth” and “getting to the other side”
— Joseph Weisenthal (@TheStalwart) June 8, 2014
The other day, I got into a Twitter discussion with Joe Weisenthal and others on the hedge fund Bridgewater. A WSJ article had described Ray Dalio’s shop as “Cult-like.”
All of which raised the following question: What are the Cult firms of today? What modern day companies, public or otherwise, have qualities similar to cults?
Here is the short list put together on Twitter:
Five Thirty Eight
Microsoft (in the 80s & 1990s);
Apple (in the 1990s and today)
Wal-Mart (cause of that cheer thing at corp meetings )
Ross Perot with EDS!
Facebook’s (See Zuckerberg’s letter in the S-1)
That list is far from complete. Some of these firms have cult-like characteristics amongst their customers but not their own corporate culture.
Which raises the question: What are the cult stocks of today? What companies are managed and run with a specific and unique culture that makes them see cultish?
What say ye?
Bloomberg’s Keri Geiger, Richard Farley, partner at Paul Hastings, and Bloomberg View columnist Barry Ritholtz break down the guilty plea by Credit Suisse that ends a three-year probe on tax evasion by the U.S. Justice Department and how the outcome could potentially impact the banking industry.
Source: Bloomberg Television’s “Market Makers.”
Every day brings multiple new scandals. At least they used to be scandals. Now they’re simply news items strained of ethical content by business journalists who see no evil, hear no evil, and speak not about evil. The Wall Street Journal, our principal U.S. financial journal ran two such stories today. The first story deals…Read More
From the New York Times: Here are 100 of the highest-paid chief executives in American business. The list comes from the Equilar 100 C.E.O. Pay Study for 2013, which ranks the compensation of chief executives of the 100 largest publicly traded United States companies, based on revenue, that filed proxies by April 4. Click for…Read More
Josh Brown discusses momentum building for companies to start spending money again and that boost in capital expenditures could lead to all kinds of positives for the economy and the market. “They’re all talking about capex expansion this year; they’re all talking about growth initiatives,” said Brown. “I think the psychology right now is that this could finally be a breakout year for corporate spending.”
Autoplay video after the jump: