Daily Archives: 05/29/2010

WSJ on BP Miscalculations

(Community Matters) Regrettably, the online version of the article may only be available to subscribers.  A succinct and clear chronology of events which include many critical missteps.  http://online.wsj.com/article/SB30001424052748704026204575266560930780190.html It’s especially helpful since the WSJ has credibility when reporting on corporate activities, or at least not biased against.

Were it not for the ridiculous federal indemnification, I’d say we’d own BP by now, or at least sue for a lien on all company assets to ensure all those materially and directly effected by the spill will be appropriately compensated up to shareholders’ equity.

Enron in the West End

(Community Matters) Steven and I saw Enron at the Noel Coward in London’s West End tonight.

Lucy Prebble’s play about defining corporate excess in the 1990s has played strong in London, though it folded after only two weeks in New York.  Not difficult to understand why it didn’t translate.  Prebble used caricatures rather than believable characters.  Not sure caricatures ever earn sympathy or intellectual rationalizations.  Nevertheless, we’re both glad we saw the show which tells an important story, even if a bit sophomorically.