Robert W. Johnson who founded Johnson & Johnson in 1886 set the following important credo (in 1943), that Google chairman Eric Schmidt has very recently spat at: “Our fourth responsibility is to the communities in which we live. We must be a good citizen – support good works and charity, and bear our fair share of taxes. We must maintain in good order the property we are privileged to use.[…]”…
I started reading a book called “Built To Last” I picked up on a recent trip to NYC. On page 47 the following paragraph struck me: Quote from George Merck II: “[We] are workers in industry who are genuinely inspired by the ideals of advancement of medical science, and of service to humanity”. The CEO of Merck, P Roy Vagelos sang the same idealistic tune: “Above all, let’s remember that…
This graph by the EZV (Eidg. Zollverwaltung) published this morning shows the yoy change of different industries in percentage terms for the month of October 2012. The figures are skewed to the positive side due to two extra working days.
UBS Swiss Real Estate Bubble Index offically in the “risk zone”. A nice example for the bubble in the Saanen region:
An online survey published on the popular newspaper site “newsnetz” shows that an overwhelming majority of readers think that the redimensioning of the investment banking arm of UBS is a good move.
Jan Straatman, Global CIO of Lombard Odier, made some interesting comments regarding the “problems” currently faced by fund managers, at the CFA Institute Fifth Annual European Investment Conference held in Prague, 18-19 October 2012 Although there have been a proliferation of new asset classes in the last two decades, the globalisation of the capital markets through company expansion and orchestrated multi-national monetary policy has reduced the diversification impact across asset…
Banks funding costs are at extremely low levels, if one takes the 5yr bank CDS and 3m Libor aswell as the 5yr bank boond yield as proxies.
Interesting to see what QE does to inflation expectations (here with respect to the BoE).
Red = negative deviation from the mean Blue = positive deviation from the mean White = neutral
Coca-Cola Hellenic Group, one of the largest bottlers of The Coca-Cola Company’s products in the world, and the biggest in Europe is transferring its HQ from Athens to Zug, Switzerland. Coca-Cola Hellenic operations span 28 countries, serving more than 560 million people. The company was previously headquartered in Athens but had already been active in Switzerland with three bottling plants prior to the move, having started operations in Switzerland in 1936….