Fire Alarm Companies

We were a bit confused about the hype and complaints regarding IPO of Facebook. Yes, the title has fallen since the IPO, which was bad for those who bought high (and for certain employees whose options can now be underwater), but perspective Facebook

, the IPO was great. Think of it this way: if I have a table, which sell for $ 10 billion, and three months later, the new owner can get $ 5 billion for him, I think he did a good job in negotiating the agreement to get my $ 10 billion. Sold high as assumed.

So it's a bit of a head scratching to see New York Times Andrew Ross Sorkin financial journalist suggesting Facebook CFO David Ebersman deserves to be fired for an agreement Positive great for Facebook. Sorkin in the world, would be less Ebersman on Facebook for Wall Street. It seems wrong.

And yet, if there is one person more responsible than the other for handling narcotic Facebook IPO price, which is Mr. Ebersman. He signed the offer price increasing, ending at $ 38 after the company had originally planned for between $ 29 to $ 34.

it - almost alone - led to flood the market with more than 25 percent as provided for in the days preceding the offer. And since then, the person of contact for investors, it has done little to explain how or why the corporate strategy will increase the share price in the short term.

At a time when investors are looking for something like accountability on Wall Street and in corporate America, it is remarkable that no one - not the bankers nobody in the Nasdaq, anyone on Facebook - was fired for spoiling the offer.

course. Maybe someone on Wall Street should be rejected, or Nasdaq by technical problems, but Ebersman? He convinced Wall Street to the table more than a ton of money on Facebook at a high price. It must be considered a Financial

assistant

, not someone who should be fired. Mathew Ingram notes that the blame Ebersman is silly when you need people to make a deal. But the best answer may come from this article Tumblr page Sorkin to rewrite a more accurate measure - to note that Facebook has a hell of a deal for himself.
Now, yes, there is a long-term problem to think: Investor Relations Facebook is not a one time thing (in theory) and asks if he can continue the rapid decline and stock prices, it is more difficult to go on public procurement in the future. But it is we are talking about Wall Street, where money is king, especially as strong and speak for those who receive a lot of it. If there is a possibility to earn money from Facebook future investments, no problem will happen. And, really, doubt that Wall Street is enjoying Facebook the same way if the shoe is on the other foot? I mean, look at the history of the IPO "pops" which jumped 100% or more on opening day - that Wall Street is essentially doing exactly what he did Ebersman: Stocks mispricing for financial gain. But those who are celebrated, not criticized. failure
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