$$$ Deals: To Canada and Beyond
In our M&A Roundup for the week ended Nov. 23, four of the ten largest North American deals involve Canadian natural-resource companies — in a slow period that shows signs of picking up today. [CFO.com]
$$$ As part of a drive to cut $15 billion in costs, GM is no longer keeping the 562 clocks in working order, which will eliminate the expense of replacing and disposing of the clock’s batteries and the cost of resetting them twice a year for daylight-saving time.
It’s not the only new measure GM is taking to save every last nickel. In its Renaissance Center headquarters, employees working late have to climb stairs when navigating its labyrinth of lower floors — the company now stops the escalators at 7 p.m. In designated cleanup areas of certain offices, the company has changed the type of wipe-up towels it buys. In a memo to employees, a staffer explained this will lower GM’s “cost per wipe.” [WSJ]
$$$ Lehman bankruptcy triggers $301M fumble for NFL’s Giants [The Deal]
$$$ “I and others were mistaken early on in saying that the subprime crisis would be contained.”– Bernanke [The New Yorker]
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First Bitches!
#5 eats my ass and #8 licks my salty balls.
SPODE
Is GM serious?
It’s a real sad thing that GM, once a symbol of what is right and good about America (many years ago), has become an absolute laughing stock both abroad and at home…
absolutelty disgraceful.
I was laughing to myself while reading the GM synopsis…until I clicked on the WSJ link and saw it was, in fact, fact.
14 Reasons Why Somali Pirates Run a $150 Million Per Year Business
Your business can actually learn a thing or two from these swashbuckling swindlers.
http://www.insidecrm.com/features/somali-pirates-112408/
I’m licking it you SPODEclops – you like like?
I thought Bess was being a smart ass about the clocks. Holy shit. Unions are going to throw a fit over that. Work to slow rule in full force.
anyone ever use that ibankingoasis site? the guy who runs it, patrick, is a total flaming faggot.
anyone ever use that ibankingoasis site? the guy who runs it, patrick, is a total flaming faggot.
@5
Lick that ass
When my ass comes along
You must lick it
http://www.youtube.com/watch?v=rxH39QlRuhg
SPODE
TGFD-
Where are you? Where’d you get rid of your C today?
yeah spodeclops your neck, your back, your pussy and your crack
Well well well, looks like Patrick from ibankingoasis.com will be licking my salty balls. Maybe I will finally get some satisfaction from that silly little freak.
http://www.youtube.com/watch?v=EE0JgJK7Ny0
patrick from ibanking oasis is in grad school in boston… go look him up, i heard he sucks a lot of dick
@3 – GM not changing batteries is only slightly more asinine than C, MS, and GS pretending to be solvent.
this is really fu’kd up. cost per wipe? holy sh!t.
Brown eye beware, and I’m not talking about the one that blinks! The one that stinks!!! Cost per wipe, WTF is happening?
just out of curiousity, what exactly is the cost to reset the clocks during daylight savings time? some fatass janitor has to sweat off a few pounds climbing the step ladder to turn the knob in the back of the clock? give me a f-ing break GM, you’re a DISGRACE…
Where the hell is pgry and SEG? I haven’t seen a post from them in awhile. And that KevinB dude from Canada with the nanny whose face can stop a clock. Good thing SEG had a hot German nanny with beautiful C cups. Mmmmmm Sippy Cups and C cups, what a winning combo.
FYI for you bitches, my buddy is expecting another shit machine. You know what that means? You guessed it. While I’m over there playing XBOX I sneak into the frig and get me some of that delicious breast milk. His wife uses a breast pump the night before and sometimes I lick the breast pump if I see it lying around on the counter.
Rosco Pico Train
Wheels spinning General Lee
Bust a nut Daisey Dukes
I’m a sick mo fo
Like a told Phob to the os
SPODE, moral Hazard
SPODE
Spode comments way too much now, ruining dealbreaker, this site is on double secret probabtion
probation, sorry.
Check out Arnold Diaz on Fox 5′s “Shame Shame Shame” chasing down Dick Fuld tonight.
He’s got a bunch of former Bros. explaining how they got screwed out of their 52 weeks’ severance despite Dickie taking home $300mm since 2001.
Nice – they drive out to Greenwich and roll right up the driveway – no gate or anything. What the hell? Lehman isn’t providing 24-hour security?
Um, why can’t some ambitious employee, him/herself interested in knowing what time it is take 30 seconds to change the clock/put in some new batteries?
Oh, that’s right, because with their union contracts they’d get paid 8x time and require full rock-climbing harness and other such safety precautions.
Big banks have lots of fat to trim no doubt, but unlike the Big 3 they can hire/fire people with impunity for the most part.
For comparison purposes, imagine if operations folks on Wall Street (for example) were Union, what a clusterfuck that’d be. (curious if anyone knows why it hasn’t happened yet btw)
@spode – c’mon man, that’s not right (re the fridge).
as for prgy, perhaps you should ask the “hatchet man” who has also been mysteriously absent. my guess is that wideclops took him away with her don’t fk with me pumps…or where they boots?
Carlyle just fired it’s entire Warsaw office (10 people) and cut it’s Asia lev fin team (another 7).
I’m really going to get it now for my improper use of the apostrophe in my above comment aren’t I…
@22
Um, $20mm hours and no gate and you ask why Lehman isn’t providing security? I hope that was intentional…
@spode
you DB is very fluid. ppl always coming and going here
Shamwow may be a good investment for GM if they are serious about lowering their cost per wipe…
29 may be one of the best lines ever
OK, lets admit it, we would rather use Shamwow on our asses then our left hand’finger as does the majority of the world for wiping.
You do have a passport? you have shaken hands with a stranger from a foreign land? Which hand did they use?
(first use of Shamwow in a post, in a year of posting here… correctly used I believed…)
200% Returns YTD. The carry trade is back. Details on how to get a piece of the action for yourself are on the public blog post below.
http://financialtraders.blogspot.com/2008/11/carry-trade-is-back-how-to-take-your.html
OMFG – terror on the Olympus – carlyle has laid off some people.
Recession – Companies lay of chumps
Depression – Banks lay off chumps
Arma-fucking-gaddon – PE’s lay off demi-gods.
Our HR lady’s eyes look suspiciously far apart today and what’s up with boots?
PEB
HOLY CRAP I NEVER REALIZED HOW FREAKING LONG THE NEW YORKER’S ARTICLES ARE!
It’s kind of unnecessary to have a Bernanke article spanning 13 pages.
@32 (and Bess & Co.)
Bess/EP, can you delete assholes like the “check out my lame-ass blog” guy above?
@34
since you’re unemployed you have time enough. enjoy it