Marketplace for Tuesday, December 10, 2013
So the Volcker Rule text is out – and now the search for loopholes begins. To what extent have lobbyists and lawmakers already negotiated the workarounds so they’re baked into the Volcker Rule’s language? Also, the U.S. is no longer an investor in General Motors – and today the automaker has a new CEO in the shape of Mary Barra. Finally, the founding chairman of Lululemon has stepped down after 15 years at the head of the company. Investors regarded him as something of a “loose cannon”, and news stories abound of his curious approach to corporate culture.