article thumbnail

Your Company Needs a More-Radical Board of Directors

Harvard Business

My guess is that while a poor balance sheet might cause restless sleep, it’s the thought of an incorrectly reported balance sheet that brings on night terrors. Remember the public shaming – and heavy sentences — heaped on Enron and Worldcom for their accounting (and more importantly, ethical) failures?

article thumbnail

Swiss Bank Hits Customers With Negative Interest Rates; Crazy? What About Velocity?

MishTalk

The bank describes itself as an ethical organisation focused on backing firms investing in social and environmental projects. With its balance sheet totalling nearly 1.6 and Bank of England Governor Mark Carney said he could now cut the benchmark rate below the current 0.5 percent if necessary.

Banking 28