Schumer on the NYSE Merger
futureofcapitalism.com

Reuters and the Wall Street Journal both have coverage of Senator Schumer's press conference about the proposed merger between Deutsche Boerse and NYSE Euronext. Reuters: "Schumer told reporters he met with NYSE Euronext Chief Executive Duncan Niederauer -- who would lead the combined entity -- on Friday and again on Saturday." The Journal says Mr. Schumer, "liked the fact that Mr. Niederauer would remain CEO," but is insisting that NYSE come first in the name of the new entity.

Neither news organization asks why Mr. Schumer rather than the owners of the company should be deciding its name or who will manage it, or why a top executive would be spending his time meeting twice with the senator rather than working on closing the deal and planning for the merged company.

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Handler's Pay
futureofcapitalism.com

Reading two news articles almost always gets a person closer to the truth than just reading one.

Here's how Brett Philbin and Aaron Lucchetti of the Wall Street Journal handle a news article that appears under the headline "Jefferies CEO Is King of Pay/A $45.2 million package for Handler tops Wall Street chiefs Blankfein, Dimon":

The king of Wall Street pay doesn't reside at any of the household-name financial firms but at a midsize investment bank that likes to keep a low profile.

Jefferies Group handed Chairman and Chief Executive Richard Handler a $45.2 million payday, making him the best-paid financial-company leader for the second time in three years.

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Handler's Pay
futureofcapitalism.com

Reading two news articles almost always gets a person closer to the truth than just reading one.

Here's how Brett Philbin and Aaron Lucchetti of the Wall Street Journal handle a news article that appears under the headline "Jefferies CEO Is King of Pay/A $45.2 million package for Handler tops Wall Street chiefs Blankfein, Dimon":

The king of Wall Street pay doesn't reside at any of the household-name financial firms but at a midsize investment bank that likes to keep a low profile.

Jefferies Group handed Chairman and Chief Executive Richard Handler a $45.2 million payday, making him the best-paid financial-company leader for the second time in three years.

Read More...

Schumer on the NYSE Merger
futureofcapitalism.com

Reuters and the Wall Street Journal both have coverage of Senator Schumer's press conference about the proposed merger between Deutsche Boerse and NYSE Euronext. Reuters: "Schumer told reporters he met with NYSE Euronext Chief Executive Duncan Niederauer -- who would lead the combined entity -- on Friday and again on Saturday." The Journal says Mr. Schumer, "liked the fact that Mr. Niederauer would remain CEO," but is insisting that NYSE come first in the name of the new entity.

Neither news organization asks why Mr. Schumer rather than the owners of the company should be deciding its name or who will manage it, or why a top executive would be spending his time meeting twice with the senator rather than working on closing the deal and planning for the merged company.

Read More...