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  • Bank of America's Acquisitions: What Was Ken Lewis Thinking? [View article]
    "Then again, what does a lowly blogger know about the intricacies of high finance and corporate machinations..."

    It seems as though Americas CEO's have a tendacy to be "optimistic" in their projections...it may be that from your outside prospective you can see reality better than they can...if you think about it; how pessimistic can a Fortune 500 execituive be when they are bringing home compensation in excess of a few million...I hope "BOA" is not falling into the same trap Citi did with the "be all things to all people" but as you said how can the possibly integrate all this crap?

    Tony

    Oct 07 11:35 am |Rating: 0 0 |Link to Comment
  • Ensco International Q1 '08 Performance Review [View article]
    Time delays, 8500s

    I would not be surprised to see additional delays on the other 8500s, these are big complicated machines and although Keppels is one of the most compitent yards in the world these projects almost always have "optimistic" projections. Normally upper level management sets the timeline then the project managers and engineers get tasked with trying to meet it. Put another way, I've yet to ever see a large shipyard new build meet an original estimate. This being said if anyone where to have a chance it would be Ensco / Keppel.

    Tony
    May 04 08:57 am |Rating: 0 0 |Link to Comment
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