canyonal

The Return of the Plutocrats

rdd

canadian banks operate as an informal cartel, similar to the banks in the uk (though less informal). the canadian system does have a strong mutual/credit union system which prevents the excesses of the uk system.

your point about
"will porbably have pay scales that look like Canadian bank pay scales" is very hopeful. if one looks back to senior management pre-1980's duty was an important part of their desire for the job. this is probably connected to their wartime generational experiences.

senior execs now have experience only of coporate life, even then it will be restricted to a few big brand schools, corporations, law firms. perhaps Warren Buffet's exile in the midwest has proven beneficial to his performance.

to felix; the quality of ceo's is now sociopathic (def=Unconcerned about the adverse consequences for others of one's actions.). one cannot expect al capone to stop fleecing a cowering population by suggesting he searches his conscience, a sociopath doesnt have one. .

The Return of the Plutocrats

the ceo of a large publicly traded company is very rarely the entrepreneur that built the company. they are employees yet act as entrepreneurs. what is worse is that they are treated as entrepreneurs. yet they exist in a risk free environment. how many have co-signed loans? put their house on the line? ZERO

so lets ensure rewards accrue to entreprenuers whilst well connected technocrats receive salaries that reflect the lack of risk they personally take.

Doubting the 'Obvious' Dollar Bear Trade

a technical note
dr. martens and football hooligans were very 1970's. along with solatios, hemmed too-short sta-press and levis, topped off with brutus or ben shermans and a crombie in winter and levi jacket in summer. whatever happened to style?

Double Whammy: Bank Card Companies May Be Next

can anyone shed light on the changes in bankruptcy law with regard to credit cards?

i thought that credit card debt could no longer be discarded in bankruptcy but will follow the borrower post bankruptcy.

if this is the case then what is the impact on prioritizing payments and subsequently credit card receivables?

Future at Abercrombie and American Eagle Not So Grim

SDA -interesting points. my 2c worth as a father of 2 teenage girls. i bought shares in aeo as i was spending so much thro the door. speaking to their friends they break up into tribes, following various brands, identifying with the style generally offered.

iget the feeling that aeo has become the new gap.. too mature to grow rapidly but a standard for many wardrobes. now if aeo could grow internationally for which i see no reason not to. having seen how popular the clothes are in europe (ae clothes are always a good standby present for teen to twenties).

maybe they could buy lululemon lulu?
ca

Canadian Banks Continue to Take a Beating

if bmo is capital constrained over the next year or so how are they going to compete with ry and td? western canada is still ok (at present) with property still selling and biz investment continuing. will be interested to see what happens to market share stats during this period. would rather be a buyer of better capitalised banks.

sadly this story is reminiscent of C last year.... "the worst is over, buy now".