Tuesday, 23 September 2014

Alibaba and the SEC

Plenty of people have wondered about the ethics and legalities of last week's Alibaba IPO. Read the formal letter from Pennsylvania senator Robert (Bob) Casey to the Chair of the SEC, Mary Jo White, expressing his grave concern. The letter is contained within this article in the September 17, 2014 New York Times. Should we wonder why a company might be called AliBaba? Will it be Alibooboo for shareholders, or for US tax payers?

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