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  • More on Treasury empowering PNC to gobble up National City

    Briefly following up:
    First, from Reuters:
    “In our opinion, NCC was in essence forced into finding an acquirer at a panic price,” said Sanford C. Bernstein analyst Kevin St. Pierre, who considers the deal a “boon” for PNC shareholders and a “boondoggle” for NCC shareholders…
    Commenting on possible reasons for the sale, Citigroup analyst Keith Horowitz said “it […]

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    What rises to the top?

    Motorola’s current CEO, Greg Brown, is so technologically out of touch he refuses to use a computer for communications, and has all his email correspondences printed by his secretary and replied to by dictation.
    Note to self: Any time you hear about a CEO vacancy in a large company, immediately apply. Disregard all written qualifications. […]

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    A Midwestern recipe for a banana republic

    Have a commission that constructs a list of viable candidates for the state’s Supreme Court. By law require the governor to either pick from the list or send it back to allow the commission to pick for him.
    Make three out of seven commission members the pick of the state Bar, i.e. the trial lawyers.
    Make […]

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    Evil! Does Obama even cast a reflection in a mirror?

    Hold up the crucifix and grab the garlic:
    Every day, millions of working Americans go to their jobs, play by the rules and hope to make a decent living for themselves and their families. These workers strengthen our middle class and keep our economy going. In turn, the vast majority of American employers hold up their […]

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