We Need Business Leaders Who Know About History
If we are going to break out of this economic crisis, we don't need business leaders trained in business schools. We need leaders who know and understand history.
If we are going to break out of this economic crisis, we don't need business leaders trained in business schools. We need leaders who know and understand history.
Don McNay | Posted 06.01.2009 | Business
When I go to the track, I don't look at the racing form, jockeys, past history or pick horses with funny names. I usually win enough money to pay for lunch.
Don McNay | Posted 05.23.2009 | Business
Who is the real Magic Johnson? The friendly guy who raises money for charities or the guy who encourages people to get high interest loans they don't need?
Don McNay | Posted 05.08.2009 | Business
Because of Johnson, the tax refund business might stick around, luring in more millions of Americans.
Don McNay | Posted 05.02.2009 | Business
I used to schedule an out of town trip then meetings the next day. Now I can't. I am not sure if I will get back or if I will get home exhausted and stressed.
Don McNay | Posted 04.22.2009 | Business
If AIG loses millions, or billions, in the future due to its "overly aggressive pricing" we are going to be picking up the tab.
Don McNay | Posted 04.20.2009 | Business
There has been talk about appointing a new "Systemic Risk Regulator." This "Super Czar" would oversee all of the financial services industry. We had a "Super Czar" last year. His name was Henry Paulson.
Don McNay | Posted 04.16.2009 | Business
If the people on Wall Street knew that no one would ever be there to bail them out, ever again, they would be less inclined to gamble with instruments they don't really understand.
Don McNay | Posted 04.09.2009 | Business
A program that gives back $1.73 for every dollar spent is a better return than Wall Street is offering.
Don McNay | Posted 04.04.2009 | Business
My mother allegedly died in 2006. I say allegedly because a collector representing MBNA said he talked to her on June 21st.
Don McNay | Posted 04.03.2009 | Business
Citigroup and AIG employ thousands of good people. But they have had rotten apples in leadership. They created a culture that is probably impossible to change or fix.
Don McNay | Posted 03.27.2009 | Business
Every bailout plan reminds me of an economic re-run of the Iraq war: There is a lot of panic. A hastily written plan sweeps through Congress without scrutiny. The plan is expected to "shock and awe" us.
Don McNay | Posted 03.12.2009 | Business
There has been a long and irreversible trend toward small, entrepreneurial businesses, located far from money centers. Instead, Washington keeps throwing money at these "too big to fail" money losers.
Don McNay | Posted 02.27.2009 | Business
In today's economy, there are a lot of things out of control. Greedy bankers and lousy leaders put the world in peril -- it is easy to get depressed. Then I think about the bright side.
Don McNay | Posted 02.24.2009 | Business
The nation's economic system has also gotten addicted to shopping.To turn the economy around, Americans need to find a spender's version of rehab.
Don McNay | Posted 02.11.2009 | Business
The Lexington scandal helped me understand why some in the big city media were going easy on the Wall Street mess, while people like me, living in the heartland, are going crazy about their excesses.
Don McNay | Posted 02.09.2009 | Business
To some, the crisis was caused by consumers. It's as if they are unhappy that we're getting our act together. It's similar to a dope dealer getting angry when a customer goes into rehab.
Don McNay | Posted 12.27.2008 | Business
It's a lesson to me, the ablers and the beggars and the thieves -The Grateful Dead If you read my book, Son of a Son of a Gambler, you'll know that...
Don McNay | Posted 06.10.2009 | Business