Guy Hands’ hostage to fortune on EMI
Guy Hands’ attempt to escape the winner’s curse by taking legal action against Citigroup over his badly timed 2007 £4bn acquisition of EMI strikes me as a hostage to fortune.
If the lawsuit succeeds, it could strike fear into investment bankers who try to push up the price their clients gain in auctions by giving all bidders the impression that others are keen to buy. Read more
Chris Anderson on Atoms are the New Bits
Is manufacturing going the way of digital industries such as technology and media, where anyone with a good idea can distribute it cheaply around the world?
That is the latest notion popularised by Chris Anderson, editor-in-chief of Wired Magazine, who previously brought us The Long Tail and Free. Read more
| About this blog | Blog guide |
John Gapper is an associate editor and the chief business commentator of the FT.
He has worked for the FT since 1987, covering labour relations, banking and the media. He is co-author, with Nicholas Denton, of 'All That Glitters', an account of the collapse of Barings in 1995.
Andrew Hill is an associate editor and the management editor of the FT. He is a former City editor, financial editor, comment and analysis editor, New York bureau chief, foreign news editor and correspondent in Brussels and Milan.
Latest columns by John and Andrew