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canada goose clearance sale Brendan Wood is Chairman of Brendan Wood International, a global intelligence advisory firm. Recently, Canada Goose Outlet BWI published the World’s TopGun CEOs as ranked by 2500 institutional investors, which provides insight into the executives in whom shareholders feel the greatest confidence. The opinions expressed are his Canada Goose Online own. Wood buy canada goose jacket International tracks the competitive position of investment bankers canada goose in global and canada goose black friday sale regional markets. It also compiles the confidence rankings of canada goose uk black friday hundreds of Canada Goose Jackets global shareholders in corporate investments, including those in the world’s leading banks. As of mid 2009, the Brendan Wood uk canada goose outlet Investor Panel found a mixture of sharp criticism, but also cheap canada goose uk some occasional strong praise for these “newly refurbished” financial behemoths.

canada goose First, the bad news: while all the banks have by now somewhat improved their situation from what canadian goose jacket it was earlier in the year repaying $68 billion in government assistance, raising new equity, and carrying out Canada Goose online a number of boardroom shuffles their improving news and modest profit reports have not led to any total https://www.radondenvercolorado.com absolution from the Brendan Wood Panel for the worst falls from grace when the credit crisis exploded.

Canada Goose Jackets Citigroup still draws some harsh judgements, and not just for the hangover consequences of the Sandy cheap Canada Goose Weill and Chuck Prince eras, but for its more recent direction by present CEO, Vikram buy canada goose jacket cheap Pandit.

canada goose coats on sale Responses from the Brendan Wood Panel were taken before Pandit’s recent new top management shuffle (Edward “Ned” Kelly previous CFO is now Strategy and M leader becoming Vice Chairman, John Gerspach, previous controller and Chief Accounting Officer is now CFO, and ex Merrill Lynch Vice Chairman Eugene McQuade is now CEO of Citibank NA, not to mention the radondenvercolorado stepping down of Chairman and CEO Bill Rhodes), but it appeared unlikely that any such changes would be greeted with great enthusiasm from shareholders.

canada goose black friday sale The unhappiness of Bank of America shareholders with the costs and immediate consequences Canada Goose Coats On Sale of the Merrill acquisition are now a matter of public record. It showed up in the shareholder commentary from the Brendan Wood Panel, but there was also recognition that the Bank actually canada goose coats on sale did very well on investment banking performance rankings, leaping up to the same kind of level as JP Morgan Chase in the second quarter.

Canada Goose online Again in the case of Citigroup, some shareholders expressed discontent that went beyond the specific issue of the expensive Merrill acquisition, fearing ‘a disharmonious culture’. But there was also recognition from shareholders that the large Merrill distribution network can still be a gradual source canada goose uk shop of increasing strength.

Canada Goose Outlet Much more positive assessments were offered for JP Morgan Chase, and of the specific contributions made by Jamie Dimon. He canada goose factory sale was cited for ‘doing a pretty good job of keeping a balance’ between wholesale banking and the recently increased retail component, and of working with a good risk management team, finding areas to those risks his bank has been taking.

canadian goose jacket HSBC and Wells Fargo were two other major banks with CEOs who won plaudits from shareholders. HSBC may be recalled by some as once having been one of the largest early bank acquirers of an American company loaded with subprime mortgage debt, an acquisition that the bank’s Chairman, Stephen Green, later admitted with disarming frankness was one they wish they never had made. Nonetheless, they came through the whole crisis with much canada goose clearance sale less visible damage than other global banks, and the Brendan Wood Panel’s comments included one that CEO Michel Geoghegan was of the best CEOs out there, who has the bank through the crisis much more effectively than his peers, and has a wealth of experience. Stumpf of canada goose clearance Wells Fargo drew similar enthusiasm, for canada goose coats and principles, and for skill in executing deals: ‘He is one of the best in the business of the cross sell.’ Wells Fargo also drew remarks that ‘management had considerable influence on who sat on its board, but that this was no bad thing’, thus making the board an active participant rather than a passive and uninvolved group.

buy canada goose jacket Goldman Sachs, unsurprisingly, also continued to receive some strong recommendations from the Brendan Wood Investor Panel, especially for risk management skills. were not too many kind words from shareholders about other commercial and investment Canada Goose Parka banks. But there also appeared to be, for the most part, a stoic acceptance of their existing structures, with some likely new regulatory controls coming in any case. It was noted that British banking regulation required much greater board independence than found in American practice, but that this had not made any apparent difference in the impact of the credit crunch Canada Goose sale on either side of the Atlantic.

Canada Goose Parka Overall, shareholders can scarcely be regarded as taking entirely interest views on the great risks canada goose uk outlet into which most banks entered canada goose store over the last uk canada goose decade. After all, many enjoyed a rather long run of 20 percent annual returns, and it appears that many of the losses now coming home to roost will be at least partially laid off on taxpayers.

Canada Goose sale However, the comments from the Brendan Wood Investor Panel are a useful realistic source about investment perception, and of general attitudes in the business community. Shareholders have been chastened by their recent experience, but not entirely persuaded that government has found the right answers to restoring a healthy and well capitalized financial sector.

canada goose store An issue that warrants discussion concerns all of the press regarding the CEOs of firms that have received government funding. Saving the big to fail is a strong message for those who run good companies and need to keep a slim structure in order to return value to shareholders. Are there two bottom lines? Investors think not and Mr. Wood is simply trying to make this clear. CEOs and CFOs who make the difference are those that keep their companies balance sheets in check during tough times. Wells Fargo yes, but also leaders in their sectors like Research In Motion, north of the border and well known names like Johnson Johnson.

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