Work life balance, an ever elusive goal for many American corporate executives, has been given a fresh new meaning at fast-growing Teladoc Health, a provider of on-demand medical videoconferencing. But don’t expect to hear about generous paternity leave or a […]
Author: Roddy Boyd
Newton Glassman And Other People’s Money
Things are not going well for Newton Glassman. Southern Investigative Reporting Foundation readers will recall Glassman was the subject of a lengthy exposé in April, detailing the many ways his direction of Catalyst Capital Group Inc., a Toronto-based private equity […]
Acadia Pharmaceuticals: “This is not a pipe”
Frequently sporting a $2 billion plus market capitalization, Acadia Pharmaceuticals brings to mind the work of Belgian surrealist Rene Magritte. His 1929 painting “The Treachery of Images” depicts a pipe with the inscription “This is not a pipe,” suggesting that […]
Questions About Catalyst Capital Group
It was corporate skulduggery at its most audacious. Last September Frank Newbould dined at Scaramouche, a swanky downtown Toronto restaurant, with a businessman who said he would like to hire Newbould as an arbitrator. In reality, this was a ruse […]
Mr. Boyer’s War
For eight years, Craig Boyer was a senior executive at Callidus Capital, and by the time he quit in 2016 he was its chief underwriter and vice president. But last year Boyer sued Callidus for CA$100,000 in damages, claiming the company […]
Wirecard AG: The Great Indian Shareholder Robbery
Wirecard AG is the luckiest company you’ve never heard of. It has the good luck of a boxer who’s a master of bobbing and weaving in the ring, making it difficult for an opponent to land a punch. Prizefights, though, […]
DaVita Inc.: Warren And Charlie’s Excellent Insurance Gambit
Veteran card players pride themselves on the ability to discern what’s known as “the tell,” the series of involuntary mannerisms that can betray a rival’s strategic deceptions and even suggest a possible next move. Then there are those rare occasions […]
BOFI Federal Savings: Sleeping With The Enemy Can Cost A Bank A Lot Of Money
In the evening of Aug. 8, 2016, a retired hedge fund manager named Marc Cohodes was puttering around the house on his Cotati, California, farmstead when he received a most unusual phone call. The caller was Polly Towill, a partner with […]
BOFI Federal Savings: Annals of the Bank of Misery, Part I
If you put together all the chief executive officers from the financial services industry in one room and asked them, “Who looks back on the years 2007 to 2009 with fondness?” it’s a very safe bet that only one hand would be […]
BOFI Federal Savings: Disclosing Little, And Saying Less
BOFI Federal Bank’s disclosure practices seem baffling at best if the standard it’s judged by is how well it informs investors about developments that could potentially change the risk profile of their capital. In fairness to BOFI, the key word here […]