Gretchen Morgenson

A better way to measure if a CEO has created value at a firm is to look at its return on capital over a period of years

Ideally, finance should propel an economy by helping create jobs and wealth for the population. But clearly, there's a point when finance sucks too much oxygen out of the room

Shareholders were not told about the looming losses, which would prompt a second taxpayer bailout of $20 bn