China’s ambitious students and their parents once dreamed of acquiring an American university education. Now that dream is dying. During the first half of 2022, US student visas issued to Chinese nationals plummeted more than 50% compared with pre-pandemic levels, according to a report in the Wall Street Journal. The US isn’t directly limiting the number of visas. Rather, ...

Wall Street banker bonuses are supposed to be kept secret for a variety of reasons. If everyone knew who was paid what, there would be an uprising as people discovered that clear underperformers were getting compensated more than them. It happens. Wall Street compensation is not always about performance. As I outlined in a column earlier this year, it’s largely ...

  SoftBank Group Corp Chief Executive Officer Masayoshi Son and Credit Suisse AG Chairman Axel Lehmann doubtless wish their respective firms had never met disgraced financier Lex Greensill. But hopefully they — and the finance industry at large — can learn lessons from the scandal that ensued. Greensill’s charm, self-belief and supposed skill at turning the staid business of supply-chain ...