November 2006

  • Write-Offs

    Write-Offs: 11.30.06

    $$$ A “nice, normal girl” needs a date, would like to mention that “if you’re an investment banker, that’s hot, but please don’t be one who spends ALL his money on coke,” some, okay. [Craigslist] $$$ Long Licenses to Kill [Long Or Short Capital] $$$Peter Rojas, ‘Stripped by Lindsay Campbell [WallStrip]

    / Nov 30, 2006 at 5:27 PM
  • News Corp

    Was Ross Levinsohn Fired For Raising His Own Fund?

    Everything we’ve heard until now about the departure of Ross Levinsohn, from News Corp implied that the man who put together the deal to scoop up MySpace left voluntarily, to pursue other interests—perhaps to go work at a start-up of some sort. Sure his resignation was sudden and unexpected. But there was no indication of […]

    / Nov 30, 2006 at 5:23 PM
  • Dead Hookers, Planespotting

    Planespotting: This All Looks Pretty Legit. Or Does It?

    Barry Diller: Princess Juliana Int’l to Francis S Gabreski on his Raytheon Hawker 800 Donald Trump: La Guardia to Los Angeles Int’l on his Boeing 727-100 Warren Buffett: Naples Municipal to Point Salines Int’l on his Cessna 560 Citation 5

    / Nov 30, 2006 at 5:10 PM
  • Business Media

    CNBC.Com Re-Launch Countdown: 4 Days Left!

    The liberation of CNBC’s web presence from the shackles of Microsoft is almost upon us. The new site is scheduled to launch on Monday, December 4. The site has a very, very dull preview running right now, and invites you to register for, well, it’s not exactly clear what you’re supposed to register for. Okay. […]

    / Nov 30, 2006 at 4:31 PM
  • Wall Street Warriors

    Wall Street Warriors, Episode 5: Postmortem

    Clairvoyance can be all fun and games but lest we run wild with our powers (“I knew you were going to say that!”), it’s important to remember that it often comes at a cost. During last week’s fireside chat per Episode 4, I wondered aloud, “How the producers are going to keep you and I […]

    / Nov 30, 2006 at 4:16 PM
  • GM, Kirk Kerkorian

    There’s No Intelligent Life At GM, Scotty. Beam Me Up!

    13D Tracker has the (maybe, probably) scoop: Reports circulating that Kirk Kerkorian has sold his remaining 4.95% interest in General Motors (NYSE: GM). A large block of shares traded recently which is believed to be from Kerkorian. However, owning less than 5%, he doesn’t have to file any public information on his trading activity in […]

    / Nov 30, 2006 at 3:38 PM
  • Open Questions

    Open Questions: Who Wrecked This Car?

    We’re still searching for the identity of the “wealthy businessman” who reportedly crashed this Carrera GT after the owner let his friend take it for a test spin during a party in Port Chester, NY last Saurday. Because of the reported location–very near Greenwich, Connecticut–and the amount of disposable wealth involved–the driver bought his friend […]

    / Nov 30, 2006 at 2:08 PM
  • Citicorp

    The Return of Salomon Brothers?

    Near the end of the New York Post’s big business section article discussing the advice of some analysts that Citigroup break-off its investment banking business and concentrate on lending and retail, CreditSights analyst David Hendler advocates the revival of the storied name: Salomon Brothers. “It’s too big and management needs to realize that they have […]

    / Nov 30, 2006 at 1:05 PM
  • Jessica Wolcott, legal, Pepsi, sex

    Extortion Exec Exits Pepsi

    At some point you start to wonder, “Hey, Pepsi dude, are you sure keeping your $6 million job wasn’t worth paying that little hustler $125,000?” A top Pepsi honcho’s job fizzed out yesterday, just days after his soda bosses learned that his penchant for surfing the ‘Net for women made him an extortion target. “As […]

    / Nov 30, 2006 at 12:51 PM
  • Regulators

    Regulators! Ride!

    The report from the Paulson committee on capital markets regulation hit the streets today. It’ll take some time to get through all 135 page sof the report, but fortunately Columbia Business School dean Glenn Hubbard and former Goldman Sachs president John Thornton have issued an executive summary of sorts on the editorial page of the […]

    / Nov 30, 2006 at 12:30 PM
  • Goldman Sachs

    Everyone Who Works For Goldman Wants More Money

    Some rather non-thrilling video from the Goldman Sachs cleaners protest that went down the other day. Are they seriously chanting “What do we want? JUSTICE. When do we want it? NOW”? That’s the same thing the protesters at the whole strip-club bachelor party shooting were chanting. Isn’t it about time for protesters to come up […]

    / Nov 30, 2006 at 12:06 PM
  • bonuses

    Announcing DealBreaker’s Bonus Watch Competition

    Bonus season is here, and the truth is you don’t have many friends right now. What you have, actually, are people wondering if you’re getting more or less than them. It’s an effin’ state of nature, a war of all against all. But we’re still here for you. Always. Send us any rumors, unconfirmed reports […]

    / Nov 30, 2006 at 11:40 AM
  • Business Media

    What The World Needs Now: Another Business Magazine

    Okay, we’re kidding with the title. To be honest, we actually could use a few new business magazines. Most of those we’ve got now have been around for a long, long time. The few newer ones seem obsessed with tech issues. The American promises to revive the tradition of long-form business journalism, something we can’t […]

    / Nov 30, 2006 at 11:28 AM
  • Ask Brock

    Ask Brock: The Continuation of Crock Mantasia’s Virtual Buy-Side Interview

    Brock Fantasia is the only remaining person in the JPMorgan analyst class of 2002 to still work at JPMorgan, which is in no way testament to the work environment at JPMorgan. In fact, Brock likes to think of himself as the Highlander of his analyst class, wielding an indestructible claymore of corporate finance. After “totally […]

    / Nov 30, 2006 at 11:06 AM
  • Regulators

    Regulatory Merger

    Try to check you instincts to laugh aloud when you read this explanation for why having fewer regulators governed by a centralized authority will mean, somehow, better regulatory scutiny. “When the new organization is in place and fully integrated, there will be one set of rules, one set of examiners and one enforcement staff,” Schapiro, […]

    / Nov 30, 2006 at 10:33 AM
  • Pirate Capital

    Pirate Selling Mir

    Pirate Capital just got a bit wetter, liquidating it’s entire stake in Mirant Corporation, according to an amended 13D filing. This follows on Pirate’s recent exit from its position in James River Coal. Of course, rumors are already starting that the Pirates are pushing these investments off the plank in order to raise the cash […]

    / Nov 30, 2006 at 10:02 AM
  • Amaranth

    The Cost of Amaranth

    Throughout the Amaranth meltdown, the best source has been Platts, the subscription only energy investing newsource. This morning, Platts Gas Daily has the scoop on how much Amaranth’s losses cost it’s investors, including a few funds run by Morgan Stanley. Just in case you forgot to renew your subscription, here’s Platt’\s report: Investors in defunct […]

    / Nov 30, 2006 at 9:28 AM
  • Holiday Party

    Help DealBreaker Ruin Your Holiday Party

    The holiday season is upon us. For some of you that means Christmas trees, for some of you that means dreidels, for some of you that means [insert something associated with Kwanza here]; and for others [fill in objects related to whatever other religion you practice here]. Yes, this is a divisive time of year. […]

    / Nov 30, 2006 at 9:03 AM
  • Opening Bell

    Opening Bell: 11.30.06

    Sponsored by Bloomberg.com Greenberg denies push to buy Times Co. stock (Boston Globe) Who’s word do you trust, Hank Greenberg’s or Roddy Boyd? In our experience, the biz desk at the NY Post gets things right with uncanny accuracy when it comes to Wall St rumors, and we’ll take them against any other paper in […]

    / Nov 30, 2006 at 8:13 AM
  • Write-Offs

    Write-Offs: 11.29.06

    $$$Wall Street Bonuses — The Ancillary News [Banker’s Ball] $$$Workaholic blond finance type still seeking borderline alcoholic [Craigslist] $$$Lindsay “gets down and dirty in the mud.” [WallStrip]

    / Nov 29, 2006 at 5:36 PM
  • Hedge Funds

    A Very Expensive Drive

    What you see here is the image of a Carrera GT wrecked when the owner let his friend take it for a test spin during a party in Port Chester, NY last Saurday. So what’s this doing on DealBreaker? Well, let’s let Autoblog (from whom we nicked this photo) describe the aftermath of the wreck. […]

    / Nov 29, 2006 at 5:05 PM
  • Companies, Jessica Wolcott, legal, Pepsi, sex

    Extorted Pepsi Exec’s Daughter Reaches Out To DealBreaker (Probably)

    In the comments to our post on sextortionist Jessica Wolcott’s victim—some mustachioed dude at Pepsi you’ve never heard of and probably won’t hear of again—we’ve apparently heard from his daughter, Nikki. Now we can’t vouch that this is definitely the victim’s daughter, of course. But the comment is completely earnest, and actually a bit sweet. […]

    / Nov 29, 2006 at 4:45 PM
  • Hedge Funds

    Your Elegant Portfolio Vs. The S&P

    Private Equity Equity Private has joined the Robot Revolutionaries in criticizing hedge fund fees, and managed to draw plenty of angry emails for that. You see, the super smart people who design amazing models supposedly uncovering value where no man has seen value before don’t like to hear that they might not deserve their fees. […]

    / Nov 29, 2006 at 4:31 PM
  • Economics

    Economists As Celebrities: Stop The Insanity

    The LA Times is running a piece on economists as celebrities (hat tip Barry). Well, they’re not quite celebrities yet. More like blogebrities. But we’ve got to stop this before it goes any further. You people realize that if we make economists into celebrities, soon we’ll be watching videos of Lindsay Lohan making out Larry […]

    / Nov 29, 2006 at 3:29 PM

Our Sites

  • Above the Law
  • How Appealing
  • ATL Redline
  • Breaking Defense
  • Breaking Energy
  • Breaking Gov
  • Dealbreaker
  • Fashonista
  •