Lots of interesting stuff in today’s Wall Street Journal.
The first item of interest is the Danish study indicating that a company’s profitability fell by an average of 20% in the two years after the death of its CEO’s child and by 15% after the death of the CEO’s wife. So it would seem that shareholders would be wise to keep tabs on the personal lives of the CEO’s running the companies in which they own stock. A death in the family, sell.
Full disclosure — I hate the guy. But he got shafted.
The man is a bloated, overweening, star-fucking shock jock with little juice left in his fusebox. He parlayed a modest soundbyte knowledge of contemporary issues into interviews with important guests who came on his show to promote their career or latest book.
Lots of betting among my friends in the week leading up to the Super Bowl. Smart money was on the Colts, but some of my pals defied conventional wisdom the way teenagers avoid speaking in full sentences. Their money went to the Bears and for the first half of the first quarter, it looked like a good bet.
Everybody said they were crazy. The Colts were a sure thing, but the truth in sports is a sure thing except maybe that the Detroit Lions will continue to get worse as long as Matt Millen is at the helm.
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