One point for the CFA track.
From: Student Council – Social Reps
Subject: Campus Exchange – Update on Restrictions
Dear all,
As some of you are aware, the MBA office has decided to put in place certain restrictions on the campus exchange.
Since the beginning of this year, and particularly in January/February, some students have behaved in an unacceptable manner, usually involving irresponsible alcohol consumption, raucous behaviour and partial nudity on and off campus. This has coincided with executive programmes and careers events and has placed INSEAD in a negative light with many visitors. The Social Reps uphold the “Work Hard, Play Hard” ethic at INSEAD, after all we basically invented the notion, but we have to agree with the MBA office that some recent behaviour is beyond reasonable and may adversely affect us all.
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This is extremely funny to me.The Emir of Dubai said a few days ago that we in the media “do not understand anything.” We would kindly ask him to have his neighbors (and reluctant benefactors) explain to us the wisdom of this:
Because of an investment deal struck two years ago, early in the financial crisis, the United Arab Emirates’ sovereign fund will soon start purchasing $7.5 billion in Citigroup shares at $31.83 apiece, even though the New York bank’s stock closed at $4.10.
Abu Dhabi’s Citigroup Investment Turns Costly [WSJ]
Barclehs, ever the strange emo child of finance, has decided to go it alone, and will tell the UK to take its bailout money and go pound salt. Taking bailout money is so conformist, yeah. They want nothing to do with it. Cool emo kids take their not quite $12 billion from the much cooler capital sources, like Qatar (that’s Kay-Tur to you, pal), Abu Dhabi and such.
Of course, the decision has nothing to do with the UK executive bonus restrictions that come with taking bailout money. Making decisions based on bonus payouts is conformist. The 14% on preferred shares Barclehs will have to shell out to keep their adoptive parents from taking away the guitar and forcing a trip to Supercuts looks to us like an expensive expense (see what we did there?) to existing shareholders for the luxury of keeping senior bonus pools intact. Take that you UK financial authority conformists!
Barclays to Raise $11.8 Billion From Investor Group [Bloomberg]
