April 2007

  • Write-Offs

    Write-Offs: 04.30.07

    $$$23 year old female hedgie seeks hot, promiscuous male roommate. “Dana Vachon, Tim Sykes need not apply.” $$$Polonius is (Posthumously) Avenged [Going Private] $$$Toyota [WallStrip]

    / Apr 30, 2007 at 5:15 PM
  • Business Hacks, Business Media

    The Krugman Economy?

    Should the New York Stock Exchange put Paul Krugman on retainer? That’s the conclusion of Paul Greenberg writing in today’s Washington Times. Surely another dip in the market is bound to come — so long as there’s a business cycle — but Paul Krugman’s magic touch keeps delaying it, turning every down into still another […]

    / Apr 30, 2007 at 4:33 PM
  • Microsoft

    Who let the dogs out at Microsoft?

    Take the fairly simple premise that you aren’t allowed to put pictures of canines in your workplace because Bill Gates had nights terrors after watching Cujo, add Valleywag, and you get CONTROVERSY. Valleywag heard from a friend who heard from another friend that you aren’t allowed to put pictures of dogs in your workstation at […]

    / Apr 30, 2007 at 4:25 PM
  • Business Media

    Reuters Reads Reuters So You Don’t Have To

    You know how there are some people in the DealBreaker audience who like to leave comments about how media people know nothing about finance and we should go back to where we came from and, “Hey, at what address can I send my underwear to for Keith Hahn?” A lot of those readers will probably […]

    / Apr 30, 2007 at 4:21 PM
  • KKR, Private Equity, Texas Pacific Group, TXU

    TXU TV: We’re Not Going To Burn As Much Coal As We Planned

    The video above comes from Texas Energy Future Holdings, the joint-venture partnership set up by Kohlberg Kravis Roberts and the Texas Pacific Group to fund their acquisition of the Texas energy company TXU. They also have a snappy, graphics laden website called TexasEnergyFuture.com. We’ve run a lot of stories about the online public relations campaigns […]

    / Apr 30, 2007 at 3:39 PM
  • Warren Buffett

    Job Application: Berkshire Hathaway

    Dear Mr. Buffett… [WSJ]

    / Apr 30, 2007 at 3:08 PM
  • admin

    Help Wanted: DealBreaker Summer Interns Gone Wild!

    The resumes are already starting to pour in but it’s not too late. DealBreaker is still looking for summer interns and we might just be looking for you! Our internships fall into two categories, editorial and graphics. For editorial interns we’d like someone interested in spending their summer writing, reporting, research and performing mild administrative […]

    / Apr 30, 2007 at 2:28 PM
  • Pharma

    Just when you stopped believing in God

    Put down that Dawkins book and stop reading that Hitchens interview, there may be hope for divine intervention yet. In other big (HUGE) pharma news today, a pill that causes women to lose weight AND their inhibitions could be on the market in the next 10 years (right at the point when age will render […]

    / Apr 30, 2007 at 2:15 PM
  • Fed

    Goldman, Merrill, UBS – Fed should not take a hike

    Goldman, Merrill and UBS are claiming that the Fed’s recent inflation warnings, suggesting interest rate hikes, get the housing market and the general direction of the economy all wrong. Chief economists at the three banks feel that the decline in the housing market has spread to the overall economy, which would indicate a bullish view […]

    / Apr 30, 2007 at 12:30 PM
  • chuck prince, Citi, Citigroup, Goldman Sachs, James Cramer, JPMorganChase, Lloyd Blankfein, Merrill Lynch, Morgan Stanley

    Jim Cramer Wants You To Lay Off Lloyd Blankfein, John Mack and Stanley O’Neal (But Keep Mocking Chuck Prince Because That Guy’s Had It Coming And, Also, He Just Doesn’t Like The Look Of Chuck’s Face)

    Jim Cramer doesn’t want you to hate the game, or the playa. And in his column in the latest issue of New York, the “game” refers to making money; the “playas,” I-bankers (and I-bank CEOs, and, more generally, I-banks). Sure, you might be saying, why shouldn’t I hate the $54 million/year Lloyd Blankfeins and the […]

    / Apr 30, 2007 at 12:18 PM
  • Citi

    Fear of A Hedge Fund Planet: Will Activists Force A Break-Up of Citi?

    Citigroup executives are worried that managers of activist hedge funds will try to force a break-up of the company, David Wighton of the Financial Times reports this morning. Senior Citigroup executives fear the world’s biggest financial services company could become the target of activist hedge funds that would press for it to be broken up. […]

    / Apr 30, 2007 at 11:44 AM
  • Venture Capital

    How do you talk to an angel (Besides kicking the crap out of Donna)?

    If you didn’t know “How to Dance with Angels,” CFO.com is here to tell you. Even though VC investing is back at 2001 levels, the level of angel investing is ramping up at nearly the same rate. Angel investing, or foregoing VC money in lieu of wealthy individual investors, is seen as a way to […]

    / Apr 30, 2007 at 11:05 AM
  • Jeffrey Epstein

    House of Windsor: Hemophilia? No Biggie. Sexually-Charged Massages with Minors? Get out of town

    A new layer from the Onion o’ Epstein was peeled this weekend and, unsurprisingly, it connects The Man with Strong Proclivities for Both Fourteen Year Old Girls and Spa Treatments with the British Royal family. Turns out that Jeffrey Espstein, the guy whose police report necessitated smoking at least one cigarette after reading, is best […]

    / Apr 30, 2007 at 9:35 AM
  • Pfizer

    Viagra: Tastes Great, or Less Filling?

    Pfizer has just released a Viagra commercial in Canada that contains nothing but gibberish, save for the word Viagra. While not necessarily Dr. Porkenheimer’s Boner Juice, Pfizer is no stranger to controversial advertising. The FDA made the company take its 2004 “Wild Thing” ad off the air, because the ad implied that people are given […]

    / Apr 30, 2007 at 9:12 AM
  • Banks, John Mack, Morgan Stanley, politics

    Politics & Banks: Mack Endorses Hillary

    How times have changed. It wasn’t so long ago that the SEC stood accused of letting Morgan Stanley chief executive John Mack’s reportedly close connection to the Bush Administration block an investigation into insider trading. Now Mack has endorsed Hillary Clinton. Business Week reports: One of Wall Street’s big-time Republican fund-raisers, Morgan Stanley (MS) CEO […]

    / Apr 30, 2007 at 8:55 AM
  • Opening Bell

    Opening Bell: 4.30.07

    Melamine Said Common in China Animal Feed When it first hit that feed from China contained the semi-toxic chemical melamine, people wondered whether the whole thing was intentional. Then, the articles shifted about how it was definitely intentional, as some feed producers spike their product with it as a cheap boost to its nutritional profile. […]

    / Apr 30, 2007 at 8:18 AM
  • Write-Offs

    Write-Offs: 04.27.07

    $$$Bank of Montreal: New Amaranth? [Bloomberg] $$$Reader Mail (Again) [Going Private] $$$Evian Criminals [Slate] $$$Wallstrip Chat: Tim Wolters [WallStrip]

    / Apr 27, 2007 at 4:36 PM
  • Merrill Lynch, Morgan Stanley

    Caption Contest Friday Continues

    On Wednesday, Morgan Stanley settled a civil suit with eight of its former female employees who alleged that the bank discriminates against women in terms of how they are trained, paid, and promoted. This was at least the second time since 2004 that the bank has found itself involved in a fracas with the ladies. […]

    / Apr 27, 2007 at 2:32 PM
  • banking culture

    What Is Tim Sykes Whispering in This Girl’s Ear?

    Because it’s a slow news day and because we know how much you love him and because next week, or the week after, we’ll be introducing the first chapter of “The Banal Existence of Timothy K. Sykes: A Day Trader is Basically The Same Thing As a Hedge Fund Guru,” here’s another picture for you […]

    / Apr 27, 2007 at 1:40 PM
  • TXU

    TXU Wars

    From the looks of this video, things are heating up in Texas. The Star Wars credit sequence-style video seems to be aimed at pressuring the Texas legislature to oppose the buyout of the energy company TXU by KKR and the Texas Pacific Group. And it doesn’t pull its punches, comparing the deal to another famous […]

    / Apr 27, 2007 at 1:12 PM
  • Executive Pay

    No Say on Whitacre’s Pay

    Add Ed Whitacre, Chairman and CEO of AT&T, to the list of CEOs enrolled in the Lee Raymond Skydiving Institute (motto: It is the size of your golden parachute that matters, not what you do with it). Whitacre has a nice $158mm parachute packed up, on top of his total compensation last year – a […]

    / Apr 27, 2007 at 12:40 PM
  • News

    Perella Weinberg And How It Got That Way

    “If you want to be five guys and a dog, you don’t need a lot of money,” Joseph Perella tells DealBook’s Andrew Ross Sorkin in today’s profile of his new investment bank, Perella Weinberg. “If you want to have a firm with global reach and presence and you want to fund the model that we […]

    / Apr 27, 2007 at 12:28 PM
  • Dow

    What’s Happening In This Picture?

    a. Taller guy is teasing shorter guy about being vertically challenged: “I won’t process your trade until you hit my hand. Hit it; hit it; you can’t hit it ‘cause you’re so short!” b. You can’t see it, but behind the camera, there’s another guy, and the three men are currently in the midst of […]

    / Apr 27, 2007 at 10:47 AM
  • Video Games

    PlayStation creator retires, frees up time to play Wii

    Ken Kutaragi, CEO of Sony Computer Entertainment and creator of the PlayStation, announced that he is retiring yesterday. He will officially step down in June. This is indicative of just how bad things are at Sony, as Kutaragi is the human face of the PlayStation. This would be like Nintendo distancing itself from Shigeru Miyamoto […]

    / Apr 27, 2007 at 10:46 AM
  • JPMorganChase

    Jamie Dimon: “We’re going. We’re leaving. We’re really going– don’t try and stop us.”

    Just in case you were worried that JP Morgan was going to make good on its “threat” to ship off to Stamford (who were they threatening? Their own employees?), DealBook notes that the move is, in all likelihood, a bluff. Also: a cheap and what will (probably) turn out to be an unsuccessful attempt to […]

    / Apr 27, 2007 at 10:00 AM
  • business wisdom

    Ernst & Young: Crescendo of awesomeness

    Ernst & Young with another entry into the Teambuilding Unintentional Humor Hall of Fame (thanks to a reader tip). If you missed yesterday’s spiritually transcendent entry, or if you just need a pick-me-up, click here. The new entry is sans-video, but makes up for it in lyrical genius. The primary verse is “E-Y, E-Y, Ernst […]

    / Apr 27, 2007 at 9:59 AM
  • Hedge Funds, Treasury

    The Moral Hazard of Hedge Fund Regulation

    The government cannot effectively regulate the hedge fund industry and it’s a good thing too, Robert Steel said yesterday. The setting was a Manhattan Institute conference. Steel, a former Goldman Sachs executive who is now the Treasury Department’s top domestic finance official, raised two original arguments against hedge fund registration and regulation. Since this is […]

    / Apr 27, 2007 at 9:33 AM
  • banking culture, Banks

    Rats On The Trading Floor

    Last night we stopped by CNBC’s On The Money to discuss the stories you told us about “dirty banks.” Rats on the trading floor, garbage stuffed under the floorboards and the unmistakable scent of men making money. You told us the stories, we told America, and now you can watch it here to complete the […]

    / Apr 27, 2007 at 9:03 AM

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