Larry Sonsini, the chairman of Palo Alto-based Wilson Sonsini Goodrich & Rosati, was asked to investigate allegations of improprieties involving John Roos — Wilson Sonsini’s former CEO who now serves as the US Ambassador to Japan. He was also asked to investigate allegations dealing with Wilson Sonsini’s assistant general counsel, Mark Parnes. The request comes […]
A Short Sale of the American Dream
It has been a depressing week, even though the weather is spectacular. The pink dogwoods lining the streets are creating the illusion of an earthly paradise, La Vie en Rose. This week, a good friend of mine finally gave up and put his house on the market. He used to be an overpaid and overworked […]
Gardez Votre Sang-Froid
GARDEZ VOTRE SANG-FROID (Instructions in Case of Fire, Paris housing projects) France on the eve of elections A man backed into a corner – up against the wall, with his enemies moving in for the kill and little room to manoeuver – will do and say anything he can to get out of […]
No Payroll Taxes for Workers Under 30
Occupy Wall Street is struggling to come up with a plan to remedy the fact that 1% of the world’s population owns 40% of its wealth. The demonstrators in Zuccotti Park have an intuition that the other 99% deserve a better deal – like a one-night stay in a five-star hotel or a one-carat diamond […]
A Hard Year for Heroes (An Ode to Staying Power)
If your retirement account is in good shape this year, you are ahead of Wall Street’s finest. One of the world’s largest hedge funds has nearly been cut in half. John Paulson made billions with a huge bet on the housing bubble. His success attracted a flood of capital. At the peak, Paulson’s funds managed […]
Three Techniques to Avoid the Pain
I just put the finishing touches on my presentation for our Money Crisis Survival Summit in Las Vegas next weekend. I hope to see some of you there, because the clock is ticking… The Federal Reserve’s next policy meeting starts Sept. 21, right after the event. The meeting was only supposed to last a […]
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