Moscow's numero uno! If NYC with a cost of living basis of 100 points, Seoul is 122.4, Tokyo 122.1, Hong Kong 119.4, Osaka 108.4, Singapore 100.4, Beijing 95.9. London is 126.3 and Moscow is 134.4. I guess that's hardly surprising given the weaker dollar.
Click to see the rest of the list here.
A somewhat long speech (40 minutes) but good to see how he doesn't try to polarize and divide, but tries to engage the issue head on in a reconciliatory manner:
Hat tip to Andrew Sullivan. My question is, what on earth was Beckenbauer doing? Fancy footwork by the Greeks! ;)
The money quote from the Dealbook article:
But all the attention on chief executives as business superstars raises new questions. In a report published last year, Moody’s Investors Service said it would start taking into account the difference in pay within an executive team in its bond ratings.Emphasis mine. Well, I guess the intuition is compensation is probably an indicator of relative power wielded by the CEO vs number 3 executive. If it is a good indicator, and Moody's starts factoring that into their credit assessments, then it may encourage self-regulation. However, what's to stop the escalation of pay for number 2 and number 3 to keep up with the Joneses or just to work around the system?“It raises issues of key-person risk and of whether the C.E.O. has too much authority,” Mark Watson, managing director of the corporate governance group at Moody’s, told The Times. “We are rating the company, not the person. A bus might come by and knock the person over.”
Apparently the front page of Google Finance is introducing a "recent quotes" section. However, ABN Amro shows up with a market cap of a quadrillion very large negative number!
Private-Equity Firms Stock Up On Seasoned Executive Talent
