Category: Leadership

Insurance Giants Aon and Willis Towers Watson Scrap Their Merger

Insurance Giants Aon and Willis Towers Watson Scrap Their Merger

Financial/Professional services firms Aon (ticker: AON) and Willis Towers Watson (ticker: WLTW) mutually agreed to end their proposed $30 billion combination. It will be interesting to see if the new Biden Administration takes a tougher stance not only on Technology combinations, but as it relates to sizeable proposed M&A transactions across industries. The insurance industry … Continue reading Insurance Giants Aon and Willis Towers Watson Scrap Their Merger

How Technology Companies Can Fight Inflation

How Technology Companies Can Fight Inflation

The most liquid measure of the money supply - M1 - is up 4.8x since February 2020. Given the exorbitant inflation of the money supply, we are only in the early stages of price inflation. Cash-rich Technology companies can take several steps to combat inflation. Now is not the time for cash-rich Technology companies to … Continue reading How Technology Companies Can Fight Inflation

Why Would Anyone Follow Elon Musk Into Battle?

Why Would Anyone Follow Elon Musk Into Battle?

Tesla CEO Elon Musk (not a founder as he claims) admitted he does not enjoy being CEO today in the SolarCity trial. The Teflon will eventually wear off of pied piper Elon Musk. Mr. Musk was accused of fraud by the SEC in 2018 and was subsequently in violation of his SEC settlement. Mr. Musk … Continue reading Why Would Anyone Follow Elon Musk Into Battle?

CEO Behavior & Opportunity Cost

CEO Behavior & Opportunity Cost

CEOs ought to operate their companies in such a manner that their integrity and work ethic may not be questioned. Take the example of Unity (ticker: U) CEO John Riccitiello who is named in this lawsuit. If the allegations are true, it speaks to horrible behavior on Mr. Riccitiello's part. Setting the allegations aside for … Continue reading CEO Behavior & Opportunity Cost

Management Team Analytics – The Last Frontier

Management Team Analytics – The Last Frontier

Capital Markets professionals ingest every tidbit of industry and company-specific data under the sun in an effort to gain an edge toward Alpha generation. Yet, one large data set remains virtually untapped. That dataset is corporate Management Teams. It encompasses variations of traditional performance metrics such as equity ownership, Return on Invested Capital (ROIC), cash … Continue reading Management Team Analytics – The Last Frontier

Quality Companies Outperform Over The Long-Term

Quality Companies Outperform Over The Long-Term

We will say it until we are blue in the face: Management Teams Matter. A high quality management team starts with a high-quality CEO. Quality management teams build quality companies. They do the hard, tedious work required to build the best products and processes in order to deliver maximum customer value. CEOs of these companies … Continue reading Quality Companies Outperform Over The Long-Term

The Hybrid Work Model – One CEO’s Take

The Hybrid Work Model – One CEO’s Take

Most of what I've seen from CEOs suggests that many Technology companies will adopt a hybrid work model with many employees splitting time between home and the office (I would not want to be long CRE in the "Office" segment). Certain Financial Services positions (PMs and Analysts for example) lend themselves well to the hybrid … Continue reading The Hybrid Work Model – One CEO’s Take

Investors Should Ask More of Their Management Teams

Investors Should Ask More of Their Management Teams

One of the great distortions caused by the joint fiscal and monetary policy of 2020 and 2021 is that equities and the lowest-rated non-investment grade credits are two of the all too rare places where investors may earn a return. Savers and Fixed Income investors be damned. Many companies are enjoying their stocks trading at … Continue reading Investors Should Ask More of Their Management Teams