We all know what makes a good CEO – a leader that keeps shareholders happy with steady growth, fattening profits, and, for good measure, rising dividends.
When a well-known venture capitalist like Tim Draper is investing in Bitcoin with some $18 million of his own money, there has to be a really good reason.
Draper was the sole winner of the 29,656 bitcoins auctioned off June 27 by the U.S. Marshals Service. Those bitcoins had been seized by the federal authorities that shut down the notorious Silk Road website last fall.
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Unbowed by fines and new regulations, Goldman Sachs (NYSE: GS) has simply looked elsewhere for fresh victims.
In a deal that barely registered with the mainstream media, Ecuador’s central bank agreed earlier this week to swap half of its gold reserves – worth $580 million – with Goldman in exchange for liquid assets.