You can blame your company's failed M&A attempt on hormones young, male hormones, that is.

I remember when those who worked on the institutional side of Wall Street walked with swagger. Investment bankers, sales traders, bond salesmen — the whole lot of ‘em — used to look down on the retail stock broker, er, financial advisor. Retail...

In the case of Holman v. Commissioner,1 the U.S. Court of Appeals for the Eighth Circuit upheld a Tax Court decision2 that a discount for lack of marketability (DLOM) of 12.5 percent was appropriate for a private investment company holding only...