Barry Bonds was indicted Thursday for perjury and obstruction of justice. It may very well be that the all-time home run record holder will be spending a lot more time in court rooms and with attorneys than playing baseball next season.

• "A federal grand jury slaps the San Francisco Giants' slugger with perjury and obstruction of justice charges. The charges come after a four-year investigation into whether the home run king lied under oath to authorities investigating the abuse of performance enhancing drugs in professional sports."

Late in the season the Giants let it be known that they were not interested in having him in the line-up next year. As a free agent Bonds certainly would have plenty of value to an American League team looking for a Designated Hitter (DH) and he would like to put the record far out of reach, I'm sure. This saga looks likely to continue for years. However, this indictment alone may cost him the opportunity to build on his record and may very well put the proverbial asterisk next to it.

I'm sure there will be those that will say his record is not legitimate; that has already been the case. I say the record is the record. The rest of the story is, and will continue to be well documented.

Continue reading Barry Bonds indicted for perjury and obstruction of justice

Barry Bonds indicted for perjury and obstruction of justice originally appeared on BloggingStocks on Thu, 15 Nov 2007 20:15:00 EST. Please see our terms for use of feeds.

March Madness is upon us and the first two big names to depart were Duke and Notre Dame. It was also reported today by the Associated Press that Oil Prices Drop Below $57 Barrel. I'm not sure which is truly bigger news, or more important, but tomorrow oil will be some other price and Duke University and Notre Dame players will be watching the remainder of the tournament on television. While oil prices fluctuate daily so traders and speculators have something to do all the time, the players will have to lick their wounds and think about next year. I think the games were the bigger story.

In business, the 'players' will think about a next year, next quarter, and next month -- but it seems that for traders - everything is in the moment just like the basketball teams! When I read the AP headline above I started thinking about how the story was reported as if it was a sports headline...'OIL DOWN - Fans cheer around the nation'. Then I started thinking about how sport is a business. More headlines... 'Duke and Notre Dame Lose - A cold chill hits the east!' In sympathy the market was down (unrelated) and Duke Energy (NYSE: DUK) was also down (perhaps in sympathy) and all will rise again - - but without the hype who would pay any attention?

So we all need something to talk about on the front porch, at the water cooler, by the coffee machine, on the bus, down on the farm, and in the White House. Especially in the White House where they are hoping for things to cool off a little. Ahh, but that is sport too. Democrats and Republicans, market bulls and bears, calling each other out at every turn.

Business is a sport and sports is a business and we read each with similar allure -- which do you turn to first?

Disclosure: I am a shareholder of Duke Energy. I am a graduate of USC.

Check out my other posts for BloggingStocks here.

Sheldon Liber is the CEO of a small private investment company and the vice president for design and research at an architecture & planning firm.

Business & Sports: Oil, Duke, & Notre Dame - down originally appeared on BloggingStocks on Fri, 16 Mar 2007 19:44:00 EST. Please see our terms for use of feeds.