Musings on Markets

MARCH 15, 2025

The second is that much of my work is in the micro world, where I look at companies and their values, and the work that I do on macro topics or variables is to help me in that pursuit. That said, to value companies today, I have no choice but to bring in the economics and politics of the world that these companies inhabit.

Start-ups

Reynolds Holding

APRIL 24, 2022

Under the Proposed Directive, large companies operating in the EU market must identify, prevent, and mitigate any actual or potential adverse human rights and environmental impact in their own operations, in their subsidiaries, and at the level of their established direct or indirect business relationships in their value chain. Second, U.S.

Compliance

M&A Leadership Council

OCTOBER 22, 2023

If employees leave, can’t the new company just hire new people to replace them, or outsource their work? Replacing them with equally qualified employees is not economically neutral, because it usually means that a company must pay for recruitment and training a second time for the same positions.

Mergers & Acquisitions

Reynolds Holding

JULY 25, 2023

Perhaps the most important current development in corporate governance is the growing divide between the United States and the European Union on core questions of fiduciary duty when it comes to ESG. ESG in the United States has become embroiled in the culture wars. In the U.S.,

Equity