Daily Archives: January 6, 2014

You come back from holiday to find your chief executive has given up power to a central constitution. Your team has been disbanded and your title scrapped. You are now all partners, each with an agreed role and a duty to support others whose work overlaps yours. Instead of allowing tension to fester internally, you will raise problems openly at regular meetings that promote positive action.

John Gapper

Ed Crooks’ column about the low returns to most investors in US shale gas is a reminder not only that things can go wrong in high-growth but capital-hungry industries, but also of the strengths of US capital markets.

As he notes, companies such as Chesapeake Energy and Encana have been victims of their own success – shale gas exploration has been so successful in the US that prices for natural gas have tumbled, lowering their returns. Read more