– Honesty is always the best policy

When something goes wrong the natural commercial instinct to keep it quiet kicks in. No point in besmirching a carefully managed reputation.

Often, however, businesses don’t have the luxury of selective silence.

It’s hard dodging tough questions, particularly when a seasoned hack acting on a tip-off is on the other end of the phone. Read more…

– Banking made easy suddenly smells bad

By luck or legislation New Zealand (Australia) banks didn’t fully participate in the money orgy that’s humped the life out of financial markets and spawned a now fully blown economic malady. Most of us can rest easy knowing that our money is still safe in the bank, I think.

However, finance companies aside, a few investors were directly pinged by collapsing world financial market fortunes. Read more…