Economic uncertainty has held back value stocks, but fund manager Heather McPherson of T. Rowe Price Group Inc sees plenty of opportunity to scoop up undervalued shares, including in the financial and utilities sectors. Among her picks are American International Group Inc , Wells Fargo & Co and CenterPoint Energy Inc , she said on Thursday at the Reuters Global Investment Outlook 2020 Summit in New York. Shares of AIG, along with other property and casualty insurance companies, are poised to rise as concerns related to climate change and litigation drive up pricing, McPherson said....
(Bloomberg Opinion) -- Steve Easterbook, the now-former CEO of McDonalds, will retain his role as a visiting fellow at the Oxford University Centre for Corporate Reputation, reports Business Insider. At first blush this may seem deliciously ironic — a corporate titan, fired for having a relationship with a subordinate, giving lectures on PR! But I’d be more interested in hearing what he has to say now than I would have been before his ouster.Think about it. Who better to give lectures on corporate reputation than someone who has stumbled? Too many of these lectures are full of pious platitudes from people with squeaky-clean pasts. It’s like a nun giving a lecture on sex education. (No offense to nuns.) It would be more educational to hear from someone who has faced the public spotlight’s unforgiving glare, someone who has made mistakes and lived to learn from them.Moreover, while the McDonald’s board was...
