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David Feldman
My Posts/Listings
Off to China…Again!
Reprinted from our sister blog at www.reversemergerblog.com: I just arrived in China for my third visit this year. I remain a strong believer in the enormous opportunity for successful, growing Chinese companies to access capital and seek a path to liquidity with a trading stock in the US. Obviously I’m not the only one. Most reverse merger players have either been to China or set up shop there.... [Read more]
“New Contact Information”
How many emails with this as the subject line have you gotten lately? I seem to be getting about two a day. Everyone is moving around. In a good number of cases it is people who were laid off finally finding new employment. This is a good sign even while the unemployment numbers remain high. In other cases it is folks who aren’t doing much at their current job and they see the writing on the... [Read more]
16% of the Economy
That’s what health care costs represent. Early in the debate about the dramatic changes being considered, Pres. Obama changed the title from “health care reform” to “health insurance reform.” I guess he didn’t want to suggest that doctors weren’t properly caring for their patients, and thought by villifying the insurance companies America would get behind... [Read more]
Can’t Resist Talking About Balloon Boy
Anyone who has a communication device in the US now knows about Richard and Mayumi Heene, who claimed that their 6-year old son had accidentally climbed into a makeshift balloon that Richard had built and it was floating away out of control and they don’t know what to do. The kid hid in a box in the garage attic, which was why they claimed they thought he had left. So of course when the balloon... [Read more]
About that Crackberry…
Website Above the Law reported that a partner at law firm Quinn Emanuel Urquhart Oliver & Hedges chided a young associate by emailing the whole firm that associates should be checking their Blackberries once an hour unless they are sleeping or in a tunnel. Apparently the unfortunate new lawyer didn’t see an email from the partner just before he left the office asking him to stay to take... [Read more]
Is Wall Street Evil?
Pres. Obama is in New York right now for a couple of fundraisers. Last night in front of an audience that included some folks in the world of finance, he chided them to join him in his effort to implement financial industry reform rather than fight his efforts to do so, as many have been doing. Ever since the first bailouts of Wall Street firms with billions of dollars in loans, the world of finance... [Read more]
Madoff Victims Sue the SEC…Can They?
There’s a very old legal maxim that we Yankees adopted from the British. It’s so old it even has a Latin name: Rex non potest peccare. It means “the King can do no wrong.” This concept of sovereign immunity remains and it is nearly impossible to sue the government for something. Must have been fun for the old British monarchs. Some former US Presidents thought they were immune... [Read more]
Whither Law Firm Salaries?
The ABA Journal online is reporting that the major law firms are no longer marching to the same drummer. In the past, several key firms would set their starting salaries each year, and everyone else would simply follow. But now folks are all over the lot. Some have started lowering the $160,000 top rate achieved last year to $145,000. With that, some are also cutting the hourly rate charged to clients... [Read more]
10K Dow Sounds Nice!
The Dow Industrial Average finished above 10,000 today, marking an important psychological milestone for investors and anyone with a 401(k). November 2008 was the last time we saw this number, on the way down. The first time it hit 10k was just about 10 years ago. So I guess for those who say equities always do better than any other form of investment over any 10-year period may have to attach an... [Read more]
Skilling Gets His Day in (Supreme) Court
The Wall Street Journal just reported that the US Supreme Court has agreed to hear an appeal from Enron Corp.’s former CEO, Jeffrey Skilling. Skilling was convicted of fraud and a bunch of other stuff in 2006 and sentenced to 24 years in prison and fines of $45 million following what the Journal called the “spectacular collapse” of Enron following the discovery of widespread... [Read more]
