March 2006

  • Goldman Sachs, Henry Paulson

    Paulson Denies Treehugger Charges

    An update to yesterday’s allegations that Hank Paulson is merely a tool of The Nature Conservancy’s nefarious environmentalist agenda: DealBook reports that Paulson was nonplussed: The resolution, from the Free Enterprise Action Fund, hoped to explore whether Mr. Paulson’s position as chair of the Nature Conservancy, among other things, was somehow working against shareholders’ interest. […]

    / Mar 31, 2006 at 4:16 PM
  • banking culture

    Brock Has Left The Banking!

    *****DEALBREAKER EXCLUSIVE***** Dealbreaker is prepared to reveal that Brock, the young man whose profile from the Lehman Brothers careers website we shared with you yesterday, has switched groups. Easy now. There, there. Settle down. We know. In his profile Brock said he was incredibly satisfied working as a technology banker. He said that he was […]

    / Mar 31, 2006 at 12:47 PM
  • banking culture

    Trip Paulson Interviews: Manuel Medina-Mora, Head of Citigroup Latin America

    One of the greatest challenges in business journalism is actually getting the people who matter to sit down and speak frankly about their affairs. This causes many business journalists to find it difficult to land important interviews, and big stories. As a result, many of these men are lonely and unloved, with only their ethics […]

    / Mar 31, 2006 at 10:57 AM
  • banking culture

    Most Loathsome New Yorkers: Underperform

    The New York Press released their annual “Most Loathsome New Yorkers” list yesterday and unless you count a handful of real estate developers and Michael Bloomberg, they only included one Wall Street guy: Ron Perelman. And he wasn’t included for anything he did professionally; he was included because he spends time and money in St. […]

    / Mar 31, 2006 at 9:42 AM
  • Heard in the Suite

    The Retail Sector

    Muffie Benson-Perella (muffie AT dealbreaker.com) is an Associate in the Investment Banking Division of a “Bulge Bracket” bank. She holds a B.A. in French and Art from Vassar College and an M.B.A. from Harvard Business School. Her regular column “Heard in the Suite” is a probing (and, ahem, fictional) weekly look into the secret lives […]

    / Mar 31, 2006 at 8:36 AM
  • Opening Bell

    Opening Bell: 3.31.06

    Court Rules Against Gabelli (NYT) Mario Gabelli, mutual fund star, media staple, and Barron’s Roundtable fixture, suffered a setback when a judge agreed that Gabelli’s company illegally prevented an insider from selling his stake, paving the way for a trial to determine whether Gabelli Group Capital Partners should be legally dissolved. It’s been a tough […]

    / Mar 31, 2006 at 6:09 AM
  • Disney, James Cramer, Michael Eisner

    Cramer on Eisner

    We’re not sure who at CNBC decided that Michael Eisner needed a talk show, but we suspect that it may be the same person who decided Tina Brown and Dennis Miller needed a talk show. We were passively watching it late Wednesday night when our cable provider decided to invoke the Emergency Broadcasting System siren, […]

    / Mar 30, 2006 at 6:10 PM
  • Dead Hookers

    Planespotting: A Dead Hooker Guide

    = Dead hooker X 1 = More mundane and predictable than Mel Gibson’s anti-Semitism. (C’mon. Man Without A Face? Don’t even pretend you didn’t know that was a metaphor for Hitler.) X 5 = Put her in a bag and walk promptly but cautiously out of the hotel. Drive to the docks. Make the drop […]

    / Mar 30, 2006 at 4:24 PM
  • banking culture

    From The Annals of Bulge Bracket Career Websites: Brock from Lehman Brothers!

    Name: Brock Position: Associate; Investment Banking Education: Northwestern University; University of Chicago What I do: “As an Associate in our Global Technology Group, I help cover a very dynamic industry. Our clients span a broad spectrum of industries…We help our clients achieve their objectives via capital markets transactions, or by providing financial or strategic advice.” […]

    / Mar 30, 2006 at 3:59 PM
  • Goldman Sachs, Henry Paulson

    Hank Paulson, Hippie Scum

    A couple of Goldman Sachs shareholders from something called the Free Enterprise Action Fund are seeking support for a proposal they’re putting forth at tomorrow’s shareholder meeting. In it, they note that Goldman CEO Hank Paulson is Chairman of the Board of the Nature Conservancy and allege that he’s promoting the Conservancy’s nefarious agenda via […]

    / Mar 30, 2006 at 2:51 PM
  • James Gorman, Morgan Stanley

    The First Step in Merrill-izing Retail is De-Morganing It

    James Gorman, in an effort to clean up Global Wealth Management (screw that; we’re still calling it “retail”) is axing 20 – 25 senior executives in the New York and Westchester offices. Who’s coming and who’s going? Send reckless speculation to tips AT dealbreaker DOT com… Morgan Stanley fires 20 Plus Execs in Retail [Marketwatch] […]

    / Mar 30, 2006 at 2:24 PM
  • research

    No One Intends to Be a Small Cap Company

    Gary Weiss and Mark Cuban are both making arguments that if you’re the CEO Biovail or Overstock and your stock is death-spiraling toward small cap oblivion, you can’t really blame an itty bitty research firm in Arizona for your company’s overall poor performance. And we can’t argue with that. No one’s entertaining the notion that […]

    / Mar 30, 2006 at 1:17 PM
  • T. Boone Pickens

    Good Pickens

    T. Boone Pickens on CNBC, talking about trading on fundamentals: “I’m not a day trader, they just beat me to death when I try to do that…” The best thing about financial news on TV is that a guy with an eTrade account in Missouri will interpret that statement in an entirely differnet way from […]

    / Mar 30, 2006 at 12:34 PM
  • banking culture, Goldman Sachs

    Lies, Damn Lies and Goldman PR

    Bloomberg’s Mark Gilbert discovers Goldman Sach’s “Day in the Life” series and provides a sampling: The diaries are penned, allegedly, by junior staffers around the world. So, pinch of salt at the ready, let’s join the young masters and mistresses of the universe. Meet Amol, a vice president in Treasury. Amol says he’s at his […]

    / Mar 30, 2006 at 10:33 AM
  • Heard in the Suite

    Towards a Quieter, Gentiler Bank

    Muffie Benson-Perella (muffie AT dealbreaker.com) is an Associate in the Investment Banking Division of a “Bulge Bracket” bank. She holds a B.A. in French and Art from Vassar College and an M.B.A. from Harvard Business School. Her regular column “Heard in the Suite” is a probing (and, ahem, fictional) weekly look into the secret lives […]

    / Mar 30, 2006 at 9:39 AM
  • Frank Quattrone

    Sending Signals to Wall Street

    Marketwatch’s David Weidner argues that leaky-Chinese-Wall poster boy Frank Quattrone’s third trial is beside the point because the government isn’t going after Quattrone for “possibility that Quattrone accepted what amounted to bribes for allotments of IPO shares”: Proponents of a third trial say a conviction on the obstruction charge will send a powerful message to […]

    / Mar 30, 2006 at 9:03 AM
  • analysis

    Flogz vs. StockDigg

    Nothing says Silicon Alley-is-back like the proliferation of me-too products that no one uses. Case in point: StockDigg and Flogz. (And nothing says 1998-is-here-again like the proliferation of nonsensical business names that end in “z” rather than “s”.) Digg.com, for those of you who are more Web 0.5 than Web 2.0, is a website that […]

    / Mar 30, 2006 at 9:02 AM
  • Opening Bell

    Opening Bell: 3.30.06

    Nasdaq Abandons $4.2 Billion Takeover Offer For LSE (Bloomberg) This shouldn’t do anything to quell investor enthusiasm over all things stock market related. The exchange had to drop their offer, when the market pushed shares of the LSE almost 20% higher than the offered price. We can probably expect to see more mergers, as the […]

    / Mar 30, 2006 at 8:20 AM
  • Companies, Google, Hedge Funds, Overstock, Patrick Byrne, Riggs Bank, Yahoo

    Write-Offs: 03.29.06

    $$$ Credit where credit’s due: we all have Overstock’s Patrick Byrne to thank for making conference calls fun again. But let’s face it: they’re even better when you record them and have them read by monkeys in wigs and sunglasses. (See also here and here.) $$$ What’s the first result when you type “finance” into […]

    / Mar 29, 2006 at 3:41 PM
  • Heard in the Suite

    Ask Muffie: 03.29.06

    Muffie Benson-Perella (muffie AT dealbreaker.com) is an Associate in the Investment Banking Division of a “Bulge Bracket” bank. She holds a B.A. in French and Art from Vassar College and an M.B.A. from Harvard Business School. Her regular column “Heard in the Suite” is a probing (and, ahem, fictional) weekly look into the secret lives […]

    / Mar 29, 2006 at 2:41 PM
  • admin

    A Note About the Blogroll…

    It’s not official or complete. If you have links to suggest, put them in the comments or send to tips AT dealbreaker DOT com.

    / Mar 29, 2006 at 2:05 PM
  • JPMorganChase, William Harrison

    A Letter from Bill: 03.29.06

    William B. Harrison has been Chairman of the Board of JPMorgan Chase since December 31, 2005, parcel to the merger agreement whereby Bank One took over JPMorgan without seeming to do so. Mr. Harrison will be chronicling his experiences in retirement in periodic letters to Dealbreaker’s Trip Paulson. Mr. Harrison has no awareness of his […]

    / Mar 29, 2006 at 11:35 AM
  • Hedge Funds, Paul Tudor Jones

    Mr. Elle Macpherson

    Today, FT plants a big, wet kiss (dare we say, a French kiss?) on EIM Group’s Arki Busson, ex-of-Paul Tudor Jones, ex-of-Moore Capital and most tragically of all, ex-of-Elle Macpherson.. While he is bearish about the outlook of some equity markets, he believes 2006 and beyond is full of “situations that cannot remain in equilibrium” […]

    / Mar 29, 2006 at 10:41 AM
  • business wisdom

    How to Speak to Non-WASPy People

    Entrepreneur.com offers a handy bullet pointed list of tips for conducting business with those who didn’t fall directly off the Mayflower. A sample “tip”: Speak more slowly than you normally do, but don’t raise your voice because you think the other person can’t understand you. Volume doesn’t usually increase comprehension. Also, don’t speak down to […]

    / Mar 29, 2006 at 10:22 AM
  • Heard in the Suite

    Heard in the Suite: The Path to Harvard Business School

    Muffie Benson-Perella (muffie AT dealbreaker.com) is an Associate in the Investment Banking Division of a “Bulge Bracket” bank. She holds a B.A. in French and Art from Vassar College and an M.B.A. from Harvard Business School. Her regular column “Heard in the Suite” is a probing (and, ahem, fictional) weekly look into the secret lives […]

    / Mar 29, 2006 at 10:00 AM
  • Enron

    Cashing In On Bad Memories

    Apparently, there’s still a way to make money off of Enron: eBay! Bravo. Then again, the seller is ostensibly affiliated with one of the underwriters. We’ll buy it if we can throw it at the previous owner first. Enron Capital and Trade Resources Bank Tombstone [eBay]

    / Mar 29, 2006 at 8:44 AM
  • Opening Bell

    Opening Bell: 3.29.06

    Bernanke Raises Rates, Driving For Five (NYT) Did you expect that Bernanke wouldn’t be an inflation hawk? Apparently some in the market were surprised, though really what’s 25 basis points now? Guess we might as well blow the lid of some the market’s biggest scandals right off the bat here: First, The Fed doesn’t really […]

    / Mar 29, 2006 at 8:11 AM
  • Editor's Letter

    Editor’s Letter: Welcome to DealBreaker

    Test, test… Hello? Is this thing on? Great, great. So here’s one for you: Henry Kravis, Carl Icahn and Bruce Wasserstein walk into a bar. Icahn says, “so I’m a little bored and was thinking of busting up a huge media conglomerate.” Wasserstein says, “Get the fuck out! So was I!” Then Kravis says… You […]

    / Mar 29, 2006 at 5:11 AM

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