Startup Amplifies Its Operational Deceit

In less skillful hands, Bad Blood would be another story of a failed Silicon Valley startup, albeit on a grand scale. The journalist John Carreyrou does a masterful job of weaving the Theranos narrative into so much more. Investors will benefit by understanding the essential role of basic due diligence; founders will be confronted  More ►


Tax Avoidance Easily Becomes Tax Evasion

Panama-based Mossack Fonesca was once one of the largest law firms in the world, assuring extreme discretion to its clients. Yet when a 2.6 terabyte trove of its data—including corporation formation documents, internal memos, and personal financial information—was leaked to journalists, that masquerade  More ►

Investment Banking Links to Real Economy

Wall Street has created enormous wealth for itself and others. Yet the industry is going through an existential crisis, provoked by politicians who may have limited context for financial intermediation. Bereft of jargon, Why Wall Street Matters clarifies the central function of the commercial- and investment-banking industry.  More ►