By Tim Quinson The makeup of a company’s board, believe it or not, can have a meaningful impact on a company’s performance. For example, companies that have the same person serving as both chairman and chief executive typically report about an 80 basis-point lag in return on assets, according to an analysis by Bloomberg Intelligence. … Read more
At a time when Chinese investments in Indian equities are in the crosshairs, a sift through the latest available annual reports of Nifty 50 companies reveals that People’s Bank of China (PBOC) increased stake by 25% and 34.3% in Asian Paints and Ambuja Cements respectively in the previous fiscal year. The Chinese central bank held … Read more
By Yoojung LeeSeo Jung-jin used to borrow money from loan sharks, pledging his organs to get much needed funds for his upstart drugmaker. Now he’s the second-richest person in South Korea, trailing just Samsung Electronics Co.’s chairman. The Celltrion Inc. founder’s fortune has swelled to $10 billion as shares of his company, which is developing … Read more