Wall Street Journal, September 26, 2013 C10 http://on.wsj.com/194jfcA
At the risk becoming myopic, I note again the case study of J.P. Morgan.
Despite possible settlement figures of $11 billion plus (a third of 2013 forecast net income), settlement may be good for the company’s investors. Stock went up 3% yesterday. Legal fees $1.5 billion for the quarter! Or more.
The headline perhaps should be “Certainty Brings Calm to J.P. Morgan.” But certainly, Certainty = Value, or it’s corollary, Uncertainty (e.g., risk) = <Value>. Here, perhaps, the damage will have been monetized, or quantified, and the risk of variance mitigated. Similar cases abound.