The collapse of Lehman Brothers occurred just over ten years ago on September 15, 2008. It represented the pinnacle of the financial crisis as it pushed the global financial system to the brink of failure. Throughout the past ten years our Investment Committee has spent many hours reflecting on the crisis, trying to understand what happened and what we can learn from it. Often, the takeaways were things we knew before the Great Recession, but were now reinforced and learned again. Those items, plus a few new ones, are the top five lessons we learned (or re-learned) since Lehman’s collapse.
The Tax Cuts and Jobs Act passed by Congress and signed by President Trump at the end of 2017 contained some major changes to the tax code. Its effect on wealthy families is a mixed bag.
Read on for the good, the bad and the ugly of the new law.
Cargill is undoubtedly an exception to the old proverb: “Shirtsleeves to shirtsleeves in three generations.” Cargill is the largest private company in the United States with 150,000 employees and nearly $110 billion in annual revenue and has made it to generation seven.
The farm-to-fork conglomerate that supplies McDonald’s, Unilver, Coca-Cola, to name a few, originated as a single grain elevator in Iowa back in 1865…