Business executives must know one thing above others -- what they don't know, Marshall Goldsmith writes. "An organization's success today depends on such a variety of talents and skills that no one leader could possibly be gifted in simultaneously," he writes. The great ones know they can't do everything.
A wave of capital hitting institutional and retail will find its way into the U.K. retail sector over the next several weeks, according to this article. Valuations are considered good, according to Julian Stocks, managing director at Jones Lang LaSalle, who cited prices on some properties in London's West End close to 2007's peak.
In a letter to The Wall Street Journal, five former secretaries of the Treasury Department call on Congress to implement restrictions on the size and trading activities of banks, known as the "Volcker rule." John Snow, Nicholas Brady, Paul O'Neill, George Shultz and W. Michael Blumenthal assert that banks that receive aid from the Federal Reserve and the Federal Deposit Insurance Corp. "should not engage in essentially speculative activity unrelated to essential bank services."
Japan's Fast Retailing plans to invest $4.7 million to launch Uniqlo stores in Taiwan through a local subsidiary. Fast Retailing is also planning to expand its Uniqlo casual wear brand into India, Thailand and Australia. Hennes & Mauritz is also expected to open outlets in Taiwan this year.
Developers Diversified Realty plans to shift its business model to strategic investments, as opposed to the big portfolio acquisitions it has made in the past. According to CEO Daniel Hurwitz, those huge portfolio deals burdened DDR with more than $7 billion of debt in 2008 alone.