Next week I’m starting an advice column for finance professionals: Worst Case Wednesday. It’s about what to do when the unthinkable happens. You’re late for a meeting—even worse, you sleep through it. The SEC shows up at your front door. Your client asks...
Aetna reinstates customer who made $64 error I haven’t followed the pending health care legislation. Not closely anyway. But from personal experience, I know something needs to give. Health care is broken: pre-existing conditions, reliance on employers,...
Taxing Banks for the Bailout On Wednesday night I spoke at the Rotary Club in Boston. We discussed my novel, Top Producer, but concentrated on Wall Street and the topic of bonuses. It seems everybody wants the finance industry to justify its compensation. Bank CEOs...
For Bankers, Saying ‘Sorry’ Has Its Perils As a kid and Air Force brat, I didn’t like Catch-22 much. The novel, while laugh-out-loud funny, speared the military and hit too close to home. As a blogger and novelist, however, I admire Joseph Heller’s writing...
Obama Weighs Tax on Banks to Cut Deficit Wall Street’s public relations are a train wreck. I have no prior experience in corporate communications. But here’s my action plan to clean up the mess: CEOs, fire your PR people. They suck. Shut up, Lloyd, about...
Your Custodian Can’t Spell “Goldman Sacchs” Blecch, right? This morning, I was reading a great article from The New York Times: A Safety Net That Tangles Investors. Floyd Norris reported the SEC is separating money management from the custodial...
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.