All three of Morgan Stanley’s CEO candidates are staying on in Wall Street rarity—a $20m bonus apiece might have helped | Most Highly Successful People Are Limited by Bad Habits, Especially These | What a third world war would mean for investors | If You Don’t Pay Your Student Loans, Here’s What Happens

View online | Unsubscribe (one-click).
For inquiries/unsubscribe issues, Contact Us

All three of Morgan Stanley’s CEO candidates are staying on in Wall Street rarity—a $20m bonus apiece might have helped - Fortune

It’s not often the employees which lose out in a competition for a major, public promotion stay on at the company.

Instead, especially in the world of Wall Street, they’re likely to jump ship and try their course somewhere else. Goldman Sachs’s Harvey Schwartz, for example, left the company in 2018 when it became obvious that his co-COO David Solomon would be named CEO.

This was the expectation spectators had as they observed Morgan Stanley’s succession process, after the news that James Gorman would be standing down having taken the reins in 2010.

Continued here

Want to accelerate software development at your company? See how we can help.

Most Highly Successful People Are Limited by Bad Habits, Especially These - Inc.com

SBF Speaks: The Founder of Failed Crypto Exchange FTX Claims to Recall Very Little on the Stand

Unilever Can't Cut It: It's Selling Dollar Shave Club 7 Years After Its $1 Billion Acquisition

Marshall compiled this list of 20 mistakes from four decades of coaching executives and believes most major issues in leadership failures can be traced back to these actions.

Continued here

Don't like ads? Go ad-free with TradeBriefs Premium

What a third world war would mean for investors - The Economist

Europe had been moving towards the slaughterhouse for years, and by 1914 a conflict was all but inevitable—that, at least, is the argument often made in hindsight. Yet at the time, as Niall Ferguson, a historian, noted in a paper published in 2008, it did not feel that way to investors. For them, the first world war came as a shock. Until the week before it erupted, prices in the bond, currency and money markets barely budged. Then all hell broke loose. “The City has seen in a flash the meaning of war,” wrote this newspaper on August 1st 1914.

Could financial markets once again be underpricing the risk of a global conflict? In the nightmare scenario, the descent into a third world war began two years ago, as Russian troops massed on the Ukrainian border. Today Israel’s battle against Hamas has the frightening potential to spill across its borders. American military support is crucial to both Ukraine and Israel, and in Iraq and Syria the superpower’s bases have come under fire, probably from proxies of Iran. Should China decide it is time to take advantage of a distracted superpower and invade Taiwan, America could all too easily end up being drawn into three wars at once. The rest of the world risks those wars interlocking and turning into something even more devastating.

This scenario would of course place financial damage a long way down the list of horrors. Even so, it is part of an investor’s job to consider exactly what it would mean for their portfolio. So far the possibility of a world war has barely caused a tremor in the markets. True, they have for some time now been more seized by fear than greed. Bond prices have been turbulent, even for supposedly “risk-free” American Treasuries, and yields have been climbing for most of this year. Stock indices in America, China and Europe have fallen for three consecutive months. Yet this choppiness can all be plausibly explained by peacetime factors, including outsized government borrowing, interest-rate expectations and shareholders whose previous optimism had got the better of them.

Continued here

If You Don’t Pay Your Student Loans, Here’s What Happens - Forbes

If you have federal student loans, you know payments are due again after a three-year hiatus. Interest is also accruing on federal student loans after being fixed at 0% for more than three years, and not every borrower is happy about it, either.

Not having federal student loan payments since early 2020 has been a financial lifesaver for people who have experienced a drop in income and other financial hardships. Other people have just become accustomed to not making student loan payments and have started to spend that money elsewhere.

But if you've been watching any social media lately, there have been countless viral videos expressing the consequences of what happens if you don't pay your student loans.

Continued here

You are receiving this mailer as a TradeBriefs subscriber.
We fight fake/biased news through human curation & independent editorials.
Your support of ads like these makes it possible. Alternatively, get TradeBriefs Premium (ad-free) for only $2/month
If you still wish to unsubscribe, you can unsubscribe from all our emails here
Our address is 309 Town Center 1, Andheri Kurla Road, Andheri East, Mumbai 400059 - 93544947