A lot of people are wondering this morning how HSBC was able to see a rise in first quarter profits, despite rising bad-debt charges in the U.S. and a sizable writedown in its investment banking arm. The most popular theory pins the gains to higher returns in Asia, the Middle East and Latin America. DealBreaker readers who have been paying attention know that the key to HSBC's success is far more subtle: the elimination of acronyms. Who’s laughing at asinine corporate directives now?
3rd UPDATE: HSBC 1Q Profit Ahead Of 1Q07 Despite US Impairments [CNN Money]
Posted by golden girl , May 12, 2008 11:54AM
Apropos of nothing, I'll tell you what should be BANNED: that supremely annoying kid spinning the CNBC sign around to advertise for the Million Dollar Challenge. Seriously, that shit is KILLING me.
Posted by mrpink , May 12, 2008 12:21PM
LOLOMGROFLMAO
GCIB ROX!
-mrp
Posted by Anal_yst , May 12, 2008 12:40PM
Hittin the sauce a little early today, eh Pink?
And by that, I mean I'm jealous, sigh...
Posted by mrpink , May 12, 2008 12:58PM
Anal_yst:
No, not yet.. Disciplined... Still working on my own stuff, researching, etc... Still waking up at 7, stopping at 4.. I'll drink @ 4 :)
-mrp
Posted by guest , May 12, 2008 1:12PM
What??? You mean to say there are two "7s" during a day???
The Forehead Slapper
Posted by mrpink , May 12, 2008 1:15PM
It's 5'o clock somewhere :)
-mrp
Posted by Anal_yst , May 12, 2008 1:19PM
Reminds me of a friend in "commercial real estate" (in quotes, since as far as I can tell she knows nothing about it, and never actually does any real "work", i digress...), told me the other day alot of times someone'll come around at 2pm with coffee mugs filled with jameson (no coffee), this, on like a random tuesday when "things are slow"...oh, to have such a job!
Posted by guest , May 12, 2008 1:28PM
Commercial real estate is slow??? No way, I don't believe it.
Son of The Forehead Slapper