Author Archives: Fortune Editors
  • Jamie Dimon dominates, again

    The highly anticipated JPMorgan shareholder meeting felt more like a lunch gathering of a local Toastmasters than Ground Zero of the governance movement.

    By Jennifer Reingold, senior editor

    FORTUNE -- It was just another beautiful day in Tampa. The sun shone, birds sang, and the manicured lawn at the suburban campus of JPMorgan Chase sparkled as though it had never been touched by shoes before. It probably hadn't before Tuesday morning, MORE

    May 21, 2013 1:11 PM ET
  • Yahoo's $1.1 billion acqui-hire of David Karp

    Yahoo is formally buying Tumblr, but it's really buying Tumblr's leader.

    By Charlie O'Donnell

    FORTUNE -- You can do the math on Tumblr's pageviews, throw in some expected CPM, weighted average cost of capital, and try to justify the $1.1 billion that Yahoo (YHOO) is spending on Tumblr.

    I think you'd be kidding yourself if that's what this was all about. The Tumblr community isn't going anywhere, but that's really not the MORE

    May 20, 2013 8:14 AM ET
  • 5 reasons why Yahoo is making a $1.1 billion mistake

    There is a good case for Yahoo to buy Tumblr. But there's a better case for it not to.

    By John Saroff

    FORTUNE -- It looks like Yahoo has offered to buy Tumblr for the sticker-shock price of $1.1 billion.

    Maybe we shouldn't be surprised, since just a few days ago Yahoo CFO Ken Goldman spoke about the need for the company to be "cool" again. But Yahoo (YHOO) shareholders invest for returns, not for cool. Yahoo employees MORE

    May 19, 2013 3:24 PM ET
  • IRS scandal may unleash a flood of conservative donors

    How well-heeled money to conservative tax exempts triggered confusion and chaos inside the IRS -- and why the big bucks may be likely to surge.

    By Lynnley Browning

    FORTUNE -- The Internal Revenue Service's effort to scrutinize conservative groups, many bankrolled by "shadow money" from Wall Street to Kansas to Las Vegas, has sparked a political firestorm. But the aftermath may ignite donations to the secretive entities by right-leaning corporations and MORE

    May 16, 2013 5:00 AM ET
  • Wall Street traders are freaked by Bloomberg message leak

    Traders mostly shrugged off the Bloomberg snooping story. Then many users were alarmed when they found out messages had been posted online -- it's where many of them conduct most of their business.

    By Cyrus Sanati

    FORTUNE -- Bloomberg LP must go further to ensure their customers' sensitive data is truly secure. The company dodged a bullet last week as traders on Wall Street and in the City of London shrugged MORE

    May 15, 2013 12:32 PM ET
  • What's missing from tax reform debate: A level playing field

    Businesses organized as partnerships account for 35% of all sales. So why are we taxing them at higher rates than other corporations?

    By Stephen Chipman and Doreen Griffith

    FORTUNE -- The top concern for certain business entities seeking to compete on a level playing field through tax reform has not yet been addressed.

    Ways and Means Chairman Dave Camp has released a tax reform discussion draft that would simplify the tax rules for MORE

    May 14, 2013 12:44 PM ET
  • El-Erian: Active inertia weakens economic policy responses

    As bad as things are -- especially for the poor, the young, the unemployed, and other vulnerable segments of the economy -- things need to get worse to overcome the enormous active inertia that is now embedded in the political systems and institutions.

    By Mohamed El-Erian

    FORTUNE -- In Happy Feet, one of my 9-year-old daughter's favorite movies a few years ago, a young penguin (Mumble) takes on the colony's wise MORE

    May 13, 2013 9:04 AM ET
  • U.S. citizens ditch passports in record numbers

    If the recent quarter's pace continues, 2013 will become a landmark year for saying goodbye to America, tax-wise.

    By Lynnley Browning

    FORTUNE -- Americans are ditching their U.S. passports in record numbers, a sign of growing frustration with a system that taxes U.S. citizens on their global wealth whether they live in Montana or Mongolia.

    The latest bold-faced names to relinquish their U.S. citizenship include Mahmood Karzai, a brother of Hamid Karzai, MORE

    May 8, 2013 1:35 PM ET
  • 6 reasons why men are falling behind women

    Readers weigh in with their personal observations about why American men are struggling economically.

    By Nina Easton, senior editor

    FORTUNE -- There is a growing consensus among scholars on the right, left, and center that the state of median-income men in America is in distress.

    They've endured a three-decade drop in earnings. Even before the financial crash, prime-age men were dropping out of the workforce altogether, and the problem has only worsened MORE

    May 8, 2013 9:17 AM ET
  • Bonuses are toxic at startups

    Startups should keep employee upside in equity.

    By Eric Paley

    FORTUNE -- Venture-backed startups are incredibly ambitious. A startup team comes together to try to create something highly improbable and well beyond what can reasonably be expected given the scarce resources at hand. Once financed, everyone at the startup should have a reasonable salary, but the real compensation for achieving the improbable is equity.

    Inevitably, I get into a discussion with my MORE

    May 6, 2013 2:53 PM ET
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