The Latest

Write-Offs: 04.17.14

$$$ Morgan Stanley’s Profit Rises, as Results Beat Estimates [WSJ]

$$$ Hedge funds get clobbered by fall in tech stocks [NetNet]

$$$ How Can Yahoo Be Worth Less Than Zero? [BloombergView/Matt]

$$$ A Fun Night Out for Under $200,000 [Bloomberg]

$$$ The more men who grow beards, the less attractive facial hair becomes to women, according to academic research. Are we at saturation point? [Telegraph]

$$$ Enjoy Good Friday if that’s your thing or the holiday known as the 3-Day Weekend if it’s not! We’ll see you back here on Monday. Read more »

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Which seems reasonable? Read more »

Lisa Wang needs to pop down to Pittsburgh. To get inducted into the USA Gymnastics Hall of Fame. Read more »

It was only $58 million, and even that was because she’s such a good, shareholder-value-creating CEO. So get off her chaise longue-lying back. Read more »

Rajat Gupta, the former Goldman Sachs Group director convicted in a 2012 insider trading scheme tied to the Galleon Group LLC hedge fund, agreed to surrender to prison authorities on June 17 to begin a two-year sentence, a federal judge in Manhattan said. Gupta, 65, lost a bid for a new trial last month, when a three-judge appeals panel upheld his conviction. U.S. District Judge Jed Rakoff said in an order made public today that Gupta and prosecutors consented to the surrender date. [Bloomberg]

In the spring of 2001, though he didn’t know it at the time, Mathew Martoma made a horrible mistake. After being expelled from Harvard Law School for falsifying his transcripts, Martoma (né Thomas) applied, was accepted to, and ultimately chose to attend Stanford’s Graduate School of Business. While having an MBA on his resumé may have helped Martoma in the short-term, years later it would cause him immeasurable heartache, when Stanford stripped him of his degree, deciding that it was too good to have a convicted insider trading among its alums. One business school not too good to embrace a person convicted of securities fraud? University of Southern California’s Marshall School of Business. Danny Kuo found this out when he was looking for some sort of diversion to keep his mind off of the possibility of going to prison in 2012. Read more »

  • 17 Apr 2014 at 1:11 PM

Beacon Hill Driver Lets His Vanity Plate Talk For Him


In fairness, the above is slightly more subtle than RNMAKER and MKT WIZ.

  • 17 Apr 2014 at 12:52 PM

Layoffs Watch ’14: Credit Suisse

Denizens of the House of Dougan may want to gird their loins for the next several months. Read more »