Mnuchin Takes on the Dollar at Davos: DealBook Briefing<br />• Spencer Jakab writes, “Sunlight may be the best disinfectant, but General Electric is learning<br />that it can leave some nasty burns — particularly for those who have spent too much time in the shade.” (Heard on the Street)<br />• Tom Buerkle writes of G. E.’s chief, John Flannery, “Flannery’s time to draw a line under past mistakes is shrinking — and with it the likelihood<br />that he can show that G. E.’s diverse businesses are better together than apart.” (Breakingviews)<br />Point 72 is on the verge of managing outside money and operating as a true hedge fund again.<br />The bigger picture, courtesy of Ben White in Politico:<br />If the U. S. is publicly supporting a weak dollar while also imposing tariffs on foreign imports — as the Trump administration did<br />this week — it could invite retaliation from other countries, potentially sparking both currency and trade wars, economists say.<br />Governors of coastal states have already pointed out<br />that an offshore spill could devastate tourism — another trillion-dollar industry — not to mention wreck fragile littoral environments.<br />Completely coincidentally, we’re sure, shares in Weight Watchers International were down 3 percent this morning:<br />From a client memo by David Katz and Laura McIntosh of the law firm Wachtell, Lipton, Rosen & Katz:<br />A recent study indicates that the topic would be new for most public company boards, notwithstanding the fact<br />that it relates to key elements of board-level governance: company culture, tone-at-the-top, risk management, and crisis management.
