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No Free Lunch

January 13, 2010
The answer is personal liability
COMMENT: A simple and cheap proposal to improve bank governance
May 13, 2009
Fool's Gold
COMMENT: Alistair Blair reviews Fool's Gold, Gillian Tett's new book about the credit crunch
August 06, 2008
Complexity project
NO FREE LUNCH: Are investors really drowning in a sea of unnecessary information?
July 23, 2008
The vested interest in share buy-backs
NO FREE LUNCH: Another reason to dislike share buy-backs - directors can use them to skew earnings and trigger substantial bonus payments to themselves. Next provides a case study
July 16, 2008
The darker side of share buy-backs
NO FREE LUNCH: Buying back shares is either a sensible way of deploying surplus capital, or a cheap trick to boost earnings momentum, and a sign that a company has run out of ideas
May 07, 2008
Stand by for a good 'siccing'
NO FREE LUNCH: Alan Greenspan's provoking question: Should CEO pay be higher?
February 27, 2008
How the CMI sprang to life
NO FREE LUNCH: We're all living longer, so why won't pension funds believe it? Alistair Blair explores the arcane world of the actuary...
January 23, 2008
Turning or burning?
Is now the time to plunge into cash? Only if you have real conviction
January 16, 2008
The perfect excuse
But not one the Financial Reporting Council should sympathise with
January 09, 2008
It's upside down, mate
The wonderful world of hedge-fund governance, and the confusing findings of a working group set up to bring order to it

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