Media Navel Gaze: January 27, 2014
The Week Unpeeled
The Polar Vortex attached New York and apparently the markets last week amid concerns about weaknesses in emerging markets and Asia and the ongoing talk in the pullback in Fed stimulus (that taper stuff). In fact, US stocks suffered some of their worst losses in more than seven months, the Dow dropping 2 percent alone on Friday for a total decline of 3.5 percent on the week to end at 15,879.
Elsewhere:
- Jamie Dimon was handed a 74 percent raise, in a unanimous board approval on the way he handled a difficult year (his annus horribilis) that included more than $20 billion in legal payouts;
- Not all things go better with Coke when stolen laptops from headquarters meant personal data on 74,000 people are not that personal anymore;
- The President will give his State of the Union address Tuesday so lots of debate on both sides of the aisle this week;
- Investor Icahn is putting up a fight for seats on the eBay board, always a good ringside read;
- Pimco big Mohamed El-Erian steps down as CEO, keeping full leadership role to Bill Gross;
- Dow Jones CEO Lex Fenwick resigns amid talk of strategy rethink; and
- The Twitter account @GSElevator will soon be a book but author will remain anonymous #somethingsarebetterat140.
