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Tag >> John Goff
Oct 01
2009

Ninety-eight fewer billionaires on the wall

Posted by RedConn in John Goffcompensation

RedConn

How do you lose $7 billion and still consider yourself pretty lucky?

When you're still worth $42 billion - and most other rich folks lost a bundle as well.

Sep 30
2009

Moody’s whistleblower warned SEC about muni ratings

Posted by RedConn in rating agenciesJohn Goffcompliance

RedConn

A onetime compliance director at Moody's warned the Securities and Exchange Commission about the firm's apparent out-of-date ratings on thousands of municipal bond ratings.

Scott McCleskey, who left the rating agency in September 2008, sent a letter to the SEC in March after officials at Moody's purportedly failed to act on his concerns. McCleskey, who also testified on Wednesday before the House Government Oversight Committee, told the regulator that debt securities from high profile issuers like the City of New York received periodic reviews, but bonds from smaller municipalities rarely did. He told the House Panel that, due to the sheer numbers of issuers, "tens of thousands of municipal securities... aren't getting the same scrutiny as corporate bonds."

Sep 29
2009

A princely sum for Liverpool football club

Posted by RedConn in sports financeJohn Goffinvestments

RedConn

Liverpool Football Club takes on Italian side Fiorentina today in an early Champions League match. The game in Florence promises to be a tense, nail-biting affair.

Off the pitch, Liverpool co-owner Tom Hicks will probably be feeling a little more relaxed about the outcome. In past years, Liverpool has relied on advancing in the Champions League to bring in much-needed revenue. But now it appears that the club's balance sheet, shaky at best, could get a very big boost.

Sep 28
2009

Wal-Mart is us, poll finds

Posted by RedConn in John Goffcompanies

RedConn

A new survey conducted by Sixty Minutes and Vanity Fair, which was reported by the AP, yielded some surprising results. At the top of the list: giant retailer Wal-Mart was named as the company that best symbolizes the good ol U.S. of A.

It's hard to tell if the respondents meant this in a good way or not. Nevertheless, the poll offered up some other unusual results as well, particularly the way some Americans would fight obesity.

Sep 28
2009

Is CareerBuilder having a laugh?

Posted by RedConn in John GoffHumorouscareers

RedConn

Other than when I'm unemployed -- which, given my line of work and my single-digit IQ, is always a distinct possibility -- I tend to steer clear of job sites.

From what I can see, most of these websites feature crumby jobs that don't remotely match your skills. In fact, it seems like many of the sites mostly employ search engines that sift through resumes and help-wanteds in an attempt to match up key words. Once, on a lark, I sent my resume to one of these sites, indicating that I was highly trained engineer with degrees from Columbia and Stanford. Two days later, the site sent me a listing for a job as a train engineer on a route from South Carolina to Connecticut.

Sep 25
2009

Kraft, Cadbury -- oh just get on with it

Posted by RedConn in M&AJohn Goff

RedConn

The CEOs of Kraft and Cadbury seemed to be engaged in a game of ‘made you move.' And it's starting to annoy me.

Now, I realize it's the job of Cadbury CEO Todd Stitzer to wrangle as splendiferous an offer as he can from Kraft. And I realize this does require some acting. But Stitzer seems to be burying himself in the role.

Sep 24
2009

Employers sick over Healthy Families Act

Posted by RedConn in John Goffhealth careH1N1benefits

RedConn

The World Health Organization is pretty clear on the subject. On June 11, the WHO declared that a global pandemic of H1NI (don't-call-it-the-Swine) flu is underway.

It's not entirely clear that employers got the message, however. Given the recession, bosses continue to focus on maximizing worker productivity --not business continuity.

Sep 24
2009

Stuck with ‘too-big-to-fail’

Posted by RedConn in John GoffBanksbailout

RedConn

Looks like ‘too big to fail' is here to stay.

Paul Volcker, the head of President Obama's Economic Recovery Advisory Board, said today that the administration's proposed financial reforms preserve the concept of bank bailouts. In prepared testimony for the House Finance Committee, Volcker said he backs the idea -- as long as it's applied strictly to commercial banks.

Sep 23
2009

For sale: anything and everything

Posted by RedConn in John Goffeconomy

RedConn

The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy.

"Information received since the Federal Open Market Committee met in August suggests that economic activity has picked up following its severe downturn," the Fed said in a statement after its two-day policy meeting.

Sep 23
2009

The return of Coopers & Lybrand?

Posted by RedConn in John GoffHumorouscompliance

RedConn

 

For a second, I thought I had taken in a trip in the accounting Way-back Machine.

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