peHUB Second Opinion 1.21
The Problem With Corporate Boards: I tend to agree with Footnoted.org and the authors of a new book called "Money for Nothing," that boards of directors often seem to take up time and space and provide little value to shareholders, even as they collect hefty salaries for what can charitably be called a part-time job. (Footnoted) Art Imitates Life: Speakeasy, a blog run by WSJ, has a great story on the actor who plays David Wallace, the CFO of Dunder Mifflin, in The Office. Turns out he's a real life investment banker at a wealth management advisory firm in L.A. This interview on his double life is pretty great. (Speakeasy) 50-1!: Berkshire Hathaway received approval for a giant stock split. (Dealbook) But there's also another stock split Buffet doesn't want to talk about. (24/7 Wall Street) Big Story: Today was the Obama financial reform package. Mean Street has a nice linkbait-y post titled "Obama is Killing America by Killing Wall Street." Melodramatic, but I'll bite. (Deal Journal) One MBA Candidate's Agenda. Apparently he isn't going to business school just for a job. I'm confused. (BusinessWeek)
