June 2006

  • Warren Buffett

    Warren Buffett Auction Winner Revealed!

    The winner of the charity auction for a lunch with Warren Buffett, who bid under the screen name “fastisslow,” was Yongping Duan, 45, a Chinese immigrant California investor and former owner of a consumer electronics company who is now president of something called the “Enlight Foundation,” according to Bloomberg. “Fast is slow, slow is fast” […]

    / Jun 30, 2006 at 3:16 PM
  • Warren Buffett

    Will Warren Buffett’s Generosity Make A Difference?

    Probably not. It is an open question whether the philanthropic and nonprofit institutions of today have truly mastered this alchemy. More and more money is donated to charity every year, yet America’s schools continue to fail, poverty continues to rise, and our environment seems ever more precarious. We would like to think that our contributions […]

    / Jun 30, 2006 at 3:09 PM
  • Value Added

    Value Added 6/30: All The Special Goodness We Brought You This Week In One Place

    Planespotting: Rush Limbaugh gets caught carrying a bottle of Viagra coming home from a notorious sex tourism hotspot. Bess Levin blows a gasket on our Planespotting machines trying to track him down. Photo Essay: Jonesing for a fix of a classic Wall Street movie? This week you didn’t wait around for the sequel to Wall […]

    / Jun 30, 2006 at 2:50 PM
  • Summer

    Still Time To Escape

    Our favorite font of frivolous fun–The Beach at Curbed.Com –fanned the flames of fear this morning, reporting that all roads from New York City were leading to nowhere at all. Traffic on the LIE was a standstill. No one was going anywhere. Don’t panic! The roads have cleared up. At least for now. You still […]

    / Jun 30, 2006 at 2:17 PM
  • White Collar Crime

    We’re Already Forging Our Invitation to the Grand Opening

    The image above comes from our new favorite museum—The Fraud Museum. It will feature goodies such as Enron, WorldCom, and Adelphia stock certificates and the check pictured above signed by legendary inside trader Ivan Boesky. The museum has been put together by the Association of Certified Fraud Examiners. It will make its debut in Las […]

    / Jun 30, 2006 at 12:54 PM
  • business wisdom

    The Cliches of Marketing Brochures

    Once you look at these, you’ll never look at another business or marketing brochure the same again. You don’t realize you know all these but you do.

    / Jun 30, 2006 at 12:06 PM
  • Oracle

    How Ellison’s Harvard Pledge Got Revoked

    Harvard’s counter-offensive against Oracle CEO Larry Ellison never made much sense. Ellison said he decided not to hand over the millions he had pledged to the University when president Larry Summers resigned amidst trouble with the faculty. Harvard protested that Ellison broke off talks over the gift months before Summers resigned. We speculated that maybe, […]

    / Jun 30, 2006 at 10:39 AM
  • video

    Working Dollars

    It’s a very, very silly day. Nearly everyone in your office has a weekend bag stored under their desk and keeps looking up at the clock every ten minutes. The phone isn’t ringing. Emails have all but stalled out. Might as well watch this classic cartoon instructing would-be investors in how the stock market works.

    / Jun 30, 2006 at 10:07 AM
  • The Fed

    Instant Fed Statement Generator

    Paul Kedrosky is fed up with listening to people parse the latest statement from the Fed. So he has designed a tool to generate random Fed statements. Everytime you click on Ben Bernanke’s face it loads another absurd statement. Instant Ben: A Fed Press Release Generator [Infectious Greed]

    / Jun 30, 2006 at 9:37 AM
  • Warren Buffett

    Warren Buffett Lunches With Unknown Bidder

    So it looks like the winner of the eBay charity auction was “fastisslow”–a mysterious bidder who spent most of the auction in the lead spot. The final bid was $620,100. Last year the winning bid was $351,100. If you know anything about “fastisslow” drop an email to tips(at)dealbreaker(dot)com.

    / Jun 30, 2006 at 9:12 AM
  • News

    Opening Bell: 6.30.06

    Stock option questions at Apple (Chicago Tribune) When it rains it pours. Last year Apple could do no wrong, always beating estimates with higher and higher sales of its iPods. Even the scratchy faces on the Nano didn’t seem to bother anyone. Let’s take stock of the company’s hits of late. First there’s a growing […]

    / Jun 30, 2006 at 8:34 AM
  • Write-Offs

    Write-Offs: 06.29.06

    $$$ Wall Street shirts. (Not the blue ones). $$$ If a Nintendo Game Boy and an iPOD mated (you’d get this very, very beautiful piece of craftsmanship). [benheck.com] $$$ Another scintillating tale from our favorite Gay Banker: Sunday Fun With a French Guy From Burgandy. [Things I Can’t Tell Boyfriend Number 1] $$$ How to […]

    / Jun 29, 2006 at 5:14 PM
  • Planespotting

    Planespotting: Billy O’Reilly Thinks Limbaugh Was Setup…

    …Advises Him to “RUN FOR YOUR LIFE,” Provides Get Away Car, Gas Money and Snacks Just when you thought our relationship with Bill O’Reilly was out-the-door, done, finished, over, finito—there was an incident at a cocktail party last month, don’t really want to get into it—Papa Bear goes and does something that just reels us […]

    / Jun 29, 2006 at 4:28 PM
  • Photo Essays

    Separated at Birth: Jamie Dimon and Steffi Graf?

    Via Gawker, we found the blissfully delightful time-waster/productivity-killer that is the MyHeritage.com facial recognition site. The technology’s a little screwy, but we have to admit, the resemblance between JPMorgan CEO Jamie Dimon and erstwhile tennis star Steffi Graf is uncanny: After the jump: John Mack, Rob Kindler, Eddie Lampert, Warren Buffett and our Jim Cramer […]

    / Jun 29, 2006 at 4:04 PM
  • Executive Pay

    Hedge Fund Rule’s Demise: Wachtell Laments

    The lawfirm Wachtell, Lipton Rosen & Katz has long been on the forefront of helping corporate managers protect themselves from shareholders. They proudly claim to have invented the poison pill, that all-but-foolproof shield against hostile takeovers. Lately, the firm has been at the forefront of advising corporate America on how to protect themselves against activiest […]

    / Jun 29, 2006 at 3:45 PM
  • J.Crew

    J.Crew’s First Nine Years With TPG: The Payoff

    The Deal analyzes how well the Texas Pacific Group did on their J.Crew investment. The verdict: pretty good. Including unrealized gains, TPG is showing more than a 425% gain on the $125 million to $135 million it invested over nine years. J. Crew shares fly off shelves [The Deal via Going Private]

    / Jun 29, 2006 at 3:02 PM
  • Regulators

    How To Avoid Getting Caught Colluding

    Yesterday Herb Greenberg’s MarketWatch.com blog revealed that the testimony of former Gradient Analytics employee Demetrios Anifantis had the fingerprints of Overstock all over it. Or, well, he revealed that the word Overstock pops up in the metadata that anyone could examine by opening the “properties” view of the Microsoft Word file. So does this mean […]

    / Jun 29, 2006 at 1:42 PM
  • Hedge Funds

    Hi-ho! Hi-ho! A-Hedge Fund Legislating the Democrats Go!

    Last week a federal appeals told the SEC that it lacked authority to under the Investment Advisors Act of 1940 to require the registration of hedge fund managers. Many thought the SEC would try to craft a new rule on hedge funds, better tailored to fit the law. Congressional Democrats think they have a better […]

    / Jun 29, 2006 at 1:25 PM

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