CFO vs. Hedge Funds

In the right corner - Holger Haerter, Porsche’s “CFO extraordinaire”. One of the brightest stars in the automotive world; credited with keeping the German car manufacturer highly profitable in good times and bad (Cayman turned a profit on the very first unit sold!). Mr. Haerter also has a knack for derivatives trading. In [...]

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Starbucks Gets Bucked By Their CFO

Starbucks Chief Financial Officer, Pete Bocian, is bailing on the over-roasted and over-hyped coffee company. Things must be really going south. Starbucks (SBUX) stock has sunk 59% from over $25 a share this time last year to just about $11. That’s over 20% worse than NASDAQ performance over the same period and over 30% [...]

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Pelosi and Reid Are A Danger To Capitalism

Can you believe this shit?  The top two Democrats in Congress are urging Paulson to grant aid to the Big 3 auto manufacturers.   I don’t remember anyone asking the American public about this.  Where is the vote?  What gives Paulson, Reid or Pelosi any right to bail out individual businesses as they see fit? The end [...]

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The Death Of GM

This might just be the first of our Big 3 American autos that will go under.  Bloomberg sites that GM has lost $73 billion since the end of 2004 and that it may run out of dinero by year-end without additional funding. American auto manufacturers have been crapping out ugly looking and unreliable cars for the [...]

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Election Day Funny

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After 57 Days, Boeing Is Back Online

Some of the key deal points reached today between Boeing and the machinist union: 15% raise over four years (sounds fair) Union workers will do the delivery work that suppliers would generally handle (this sounds like bullshit) Maintenance workers can’t get canned if subcontractors are doing similar work (bullshit) The union cost Boeing $10.3 million per day (over $.5 [...]

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