Coffee Talk
Greek technocrats have a hard time of it:
Greece has won strong endorsements in the past year for shoring up its economic statistics after years of fudging data to conceal its deficits and financial mismanagement, but the man who's responsible for restoring the country's reputation is now the target of possible prosecution. He's been accused of exaggerating Greece's deficits in a conspiracy to strengthen the hand of the European Union and the International Monetary Fund.
Lehman's former CFO gets married:
Erin Callan, the former chief financial officer of Lehman Brothers, all but disappeared from Wall Street after the collapse of the firm.
Recently, however, there was a big development in her life: She was married late last year to her long-time beau, Anthony Montella, in an intimate ceremony at a historical site in Midtown Manhattan.
Never back smug, and other lessons for investors (and voters):
"Politics pretty similar to backing CEO's. Newt may be smart and a good debate guy. But Newt=Smug. Never back smug," More wrote on his Twitter account (@Bobmorevc).MF Global customer money may have "vaporized"
Given how often people harp about the need to find superb management teams for developing new drugs or devices, I followed up with More to hear his thoughts on character traits to back, and to back away from, in life science entrepreneurs.
As the sprawling probe that includes regulators, criminal and congressional investigators, and court-appointed trustees grinds on, the findings so far suggest that a "significant amount" of the money could have "vaporized" as a result of chaotic trading at MF Global during the week before the company's Oct. 31 bankruptcy filing, said a person close to the investigation.