Index based investment using a company's total stock market value is a great concept and indexes such as the S&P 500 generally provide solid low cost diversification. Unfortunately, Wall Street has now applied this concept to "sectors" of the stock market without adjusting for the size of individual companies. This is not only exposing investors … Continue reading MSCI Health Care Index: A Good Measure or a Pyramid Scheme Enabler? Case Study: Johnson and Johnson and Pfizer
Tag: CEO
One of the sacred tenets of good corporate governance is separating the roles of Chairman of the Board and Chief Executive Officer. This provides a critical oversight function with respect to the activities of the CEO. Exhibit one supporting this concept is perhaps JP Morgan CEO Jamie Dimon's role in the current multi billion … Continue reading Corporate Governance: While Intel Excels JP Morgan Struggles