The Murdoch family owns only about 12 percent of News Corp., but Rupert Murdoch sure runs the place like a wholly owned family candy store. The company, blurring the distinction between public and family business, makes deals with family members, using shareholder money to get them into the corpo...
I have performed a painful annual ritual ever since I began writing a column about 20 years ago: rereading my work for the year and telling you, my audience, about the things I got wrong and the things I wish I had done differently.
If you are going to screw up, make sure that you are working at a company that regulators aren't going to let fail. That's the lesson not only for big financial companies but for the Final Four big national accounting firms as well.