Porsche Fleece Hedge Funds for 12 Billion Euro in Volkswagen Sting

Porsche There is No Substitute! The background: In September 2005 Porsche bought 20% of its larger but less profitable German rival Volkswagen. In March 2007 Porsche bought another 19.9% (to 39.9%) and launched a takeover bid. In October 2007 the law preventing the takeover of Volkswagen was scrapped. On 20 October 2008 Volkswagen’s share price …

Credit Crisis Explained

A number of people have asked me if there is a simple explanation of the financial crisis. It is difficult to give a simple explanation that doesn’t paint the exclusive cause as naive greed. The credit crisis is one contributing factor to the financial crisis (I see these as two different issues). I see four …

Warren Buffet: Buy American. I Am.

As part of my Corporate Finance class, Warren Buffet and Berkshire Hathaway came up. Nobody had checked its stock price recently so I volunteered to do it. In doing so I came across the following op-ed piece Warren Buffet wrote in the New York Times. For the record BERKSHIRE HATH HLD A (NYSE: BRK-A) closed …

MBA Term 2 course result

Wow I passed the Data Analysis and Statistical Modelling exam I wrote about in August. My term result was a solid Credit grade, so I didn’t do too badly given my inability to study for the exam. One of Corporate Finance lecturers said my trade-off of limited study time for family and a new job …

URGEN MESSAGE FROM NIGERIA, ER, AMERICA

I received this overnight – what a hoot! Dear American: I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude. I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of …

People+Company Connections

I’ve been playing around with the social web for a while now. One of the things I’m interested in is how people are connected through organisations. For examply take the Australian Stock Exchange, there are about 1800 companies listed on the ASX all of which have a board of directors. Many directors sit on more …

Just start!

Over the years I’ve attended various “… for beginners” Q&A’s for writing, film making, script writing, blogging, and other creative endeavors. I remember a fan asking Harlan Ellison what computer software he writes with and thinking “If you met Shakespeare would you want to know how he trimmed his quill?”. Sure that’s a but sarcastic, …

MBA 2008 Term 3

I’ll be doing Corporate Finance for my next MBA (Executive) course. This is interesting as I’ll be doing a few mergers and acquisitions so hopefully I’ll learn some interesting ways to structure a deal. So far there hasn’t been a lot of M&A focused subjects at AGSM. Lectures start the week beginning 15 September 2008. …