We care a lot

Article Abstract:

Ken Iverson, chairman of the $5-bil Nucor Corp., has a book, entitled 'Plain Talk: Lessons from a Business Maverick,' on the market. He says downsizing destroys a company and communities and that money motivates. Nucor is the third-largest and most successful steel company of the US. It has the lowest labor cost per ton of steel produced and is one of the lowest-cost steel producers of the world. Sales per employee at the company have gone from $264,000 to $572,000 over 5 years. The company has no debt, has averaged 20% return on equity since 1966, and its sales are to go to $5 bil in 1998. It cuts executive salaries when bad times come, but does not lay off.

Methods, Management, Criticism and interpretation, Nucor Corp., NUE, Iverson, F. Kenneth, Plain Talk: Lessons from a Business Maverick (Book)

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Wall Street werewolves

Article Abstract:

Derivatives, which are securities tied to the value of an underlying asset, have become the largest financial market in the world. According to 'F.I.A.S.C.O.: Blood in the Water on Wall Street,' a book by Prank Partnoy, the derivatives market is rife with deceit, trickery and macho behavior. Partnoy believes derivatives have the dangerous potential to destroy investors and institutions.

Analysis, Evaluation, Derivatives (Financial instruments), Beliefs, opinions and attitudes, Partnoy, Frank, F.I.A.S.C O.: Blood in the Water on Wall Street (Book)

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