Finance

Global communications for global markets.

The world’s financial markets are moving into a new era.

WHWG has the experience to help our clients navigate proxy battles, compensation controversies, and regulatory change.

Our team enables clients respond to these new challenges — and opportunities.

 The New Assault on American Corporations

In March 2010, the White House Writers Group along with Bloomberg, The Torrenzano Group, and CED held a Bloomberg Boards & Risk Briefing in New York City on changes to proxy rules that will have a tremendous impact on American corporations.

It was a half-day briefing on these new developments and what information, strategies, and techniques executives need to address them. There were discussions and presentations with leading experts in corporate governance, law, public policy, strategic communications, and investor relations.

Issue Overview

The regulatory reach of Washington is pulling together a qualitatively different kind of economy for America. The alphabet agencies – from the FCC to the FTC – are fighting with gusto and attacking with new and complex regulatory issues.

The SEC is preparing new access-to-the-proxy rules while legislators propose rules on “say-on-pay,” additional powers for financial regulators, as well as new legislative proposals on corporate governance and non-shareholder rights. The EPA is reversing judgments, thereby initiating sweeping reviews of scientific issues believed long settled.

At the individual company level, activists, unions, and special interest groups are skillfully using new technologies to drive their narrow agendas, affect board voting, and disrupt annual meetings.

Video

Behind Washington’s Closed Doors: What Will Happen Next?

Clark S. Judge, Managing Director, White House Writers Group

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The Crisis In Entrepreneurial Finance: The Death of ‘Liquidity Event’ IPOs

Managing director Clark S. Judge outlined recent IPO developments and the death of ‘liquidity event’ IPOs.

Why are the American economy and the number of American jobs growing so slowly?  A few days ago, I stumbled on one answer.  And for once, it didn’t have to do – or, at least, much to do — with economy’s mismanagement by the current administration.

As part of a swing through California, I spent a morning with one of Silicon Valley’s most experienced and impressive serial entrepreneurs.  I’ve lost track of all the ventures he has started or captained.  But from twenty years in the tech community, he has gained unparalleled insight into the entrepreneurial ecosystem in our time.

Read the full piece here.

What is going on with the Fed? No, not anything like what it seems.

6.5% unemployment or bust; until then, the money spigot is open wide. This was the gist of the Fed’s world-headline-grabbing announcement this week.

Less noticed was that, as the FT reported on the same day, “The US Federal Reserve is carrying out its first ever system-wide stress test of bank liquidity…”  Translation: The Fed will be pushing bank reserve requirements significantly higher.

In other words, in the past week the Fed hurled, in succession, loose-money and tight-money hardballs — the first with a big public windup, the other almost slipped by — at the batter that is our economy. But, then, it’s a combination this pitcher has been throwing for four years now.

Not long ago I highlighted at Ricochet economist Steve Hanke’s contrarian analysis of U.S. monetary policy. Hanke points out that even as the volume of “state” money (as he calls high-powered money or, roughly, M1) has ballooned the last four years, “bank” money (his term for lending in various forms) has stagnated under pressure from national and international regulators.  With bank money making up 85% of today’s money supply (down from 93.5% in 2008), total monetary growth has languished at 7.5% below trend.

Read