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CFO vs. Hedge Funds

11. November 2008

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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

10. November 2008

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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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Hired and Fired

4. October 2008

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America’s second largest mall owner, General Growth (a REIT that owns such properties as Boston’s Faneuil Hall) bulleted their CFO, Bernard Freibaum, after he dumped a bunch of the Company’s stock. When I say a bunch, I mean a crap load - 2.95 million shares at a current market value of $30 mil, approximately. Obviously, [...]

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