Charlie Gasparino, calling in to CNBC and sounding like he couldn't catch his breath, reports what we told you an hour ago.* That it "looks like Greg Fleming is working on his exit package."
Earlier: Completely Unfounded, Possibly Baseless Rumor Of The Day, Bank of Amerillwide Edition
*I'd actually meant to ask for an under/over on how long it'd take for this to happen but got distracted by the package of jewelry that'd just arrived for me from Uncle Bernie.
Posted by guest , Jan 08, 2009 3:40PM
Why is CG calling in all the time recently? He's never in studio . . .
Posted by guest , Jan 08, 2009 3:41PM
I got a package for you Bess *wink*
Posted by guest , Jan 08, 2009 3:42PM
@1 ins't it colon cleanse week for him?
Posted by guest , Jan 08, 2009 3:42PM
3rd!
Posted by guest , Jan 08, 2009 3:43PM
now confirmed....he's a lecturer at Yale.
Posted by guest , Jan 08, 2009 3:43PM
CG has a bunch of fluid in his mouth...I mean seriously how pathetic can the guy get. He is not in studio b/c he is too busy sucking off people in bathrooms in and around the south street seaport to get the inside scoop
Posted by guest , Jan 08, 2009 3:43PM
@1 Restraining order?
Posted by guest , Jan 08, 2009 3:44PM
@1 he's always out eating Italian food
Posted by guest , Jan 08, 2009 3:44PM
@1 Restraining order?
Posted by guest , Jan 08, 2009 3:44PM
Gbag's always out of breath lately, the last time it happened with kudlow it was like he was having a nervous breakdown on air....
Posted by MarshallStack , Jan 08, 2009 3:45PM
Tags: Completely Unfounded Possibly Baseless Rumor Of the Kind DealBreaker Tends To Get Right Weeks Before The Mainstream Press With Cheese
Posted by guest , Jan 08, 2009 3:47PM
Too repetitive, didnt read
Posted by guest , Jan 08, 2009 3:48PM
Following his earlier comments, Gasparino says he has now learned that Fleming has tendered his resignation to Thain and that he has accepted a job as a senior residence scholar at Yale, and that an announcement should be made within the next few days.
Posted by guest , Jan 08, 2009 3:49PM
What is completely hysterical if not criminal is that most of Stan O'Neal's partners in crime and Thain's truly useless hires (ala Krauss) are gone or are negotiating how softly the door will hit them in the ass on the way out..
All the while, it is tough to explain why other senior managing directors in the old ML FICC division (responsible for taking Merrill down) get promoted. Specifically David Gu hired by and a former direct report to Dow Kim and Osman Semerci, who now somehow has been handed his 11th life as the head of some combined capital markets group at Bank Amerrillwide.
Posted by HAM05 , Jan 08, 2009 3:49PM
@5 HEY! if fellating a source for info is irresponsible journalism, then the terrorists have already won.
Posted by guest , Jan 08, 2009 3:50PM
@13- thanks for the comment, CNBC flack.
Posted by guest , Jan 08, 2009 3:52PM
I hate Maria.
Can she move to FBN?
Posted by guest , Jan 08, 2009 3:52PM
@15 touche. I knew I failed my fellatio test when applying to journalism school.
Posted by guest , Jan 08, 2009 3:52PM
@14
What? Osman was fired over a year ago
Posted by guest , Jan 08, 2009 3:55PM
how sad is it that gasparino, a quasi mainstream middle aged journo, has to rip off material from a 24 year old girl?
Posted by guest , Jan 08, 2009 3:55PM
Ditto on hating Maria.
She is a biased, skewed, load-catching skank that lost any vestige of any journalistic ethic in the back of Toddy Thompson's Citi G550.
Posted by Lowly Assistant , Jan 08, 2009 3:56PM
Nothings changed. I still love you, oh, I still love you...only slightly, only slightly less than I used to, my love.
---Art Fag
Posted by guest , Jan 08, 2009 3:56PM
@4: Fail
Posted by guest , Jan 08, 2009 3:56PM
Charlie, why not investigate with some zeal @14's comments.
Factual and could be your own scoop!
Posted by MarshallStack , Jan 08, 2009 3:57PM
Bess you is a woman of admirable restraint. Charlie sure knows his way around a penis though.
Posted by guest , Jan 08, 2009 4:09PM
Charles - do your own homework, Son. Is it just about time for the yearly rehab break?
Posted by Anal_yst , Jan 08, 2009 4:10PM
This might be the best one of all time:
"Tags: I think I showed remarkable restraint in not using the term cocksucker just now "
Posted by guest , Jan 08, 2009 4:10PM
@32 - you have been banned.
Posted by guest , Jan 08, 2009 4:13PM
@19 yes Osman fired over a year ago, and Dow Kim shut his unsuccessful hedge fund venture when the true valuations of ML FICC positions surfaced. However this guy Gu still roams the floors around here. Who ever he has pictures of must surely be gone by now?
Posted by guest , Jan 08, 2009 4:14PM
Bess,
You need to get a countdown clock and track how long CG takes to report a story already posted and track his times over a few weeks and then let people predict when it will hit the air at CNBC.
or not
Posted by guest , Jan 08, 2009 4:14PM
@23: hehe
Posted by guest , Jan 08, 2009 4:21PM
Off topic,
Whats this deal about Digital TV switching over. Do I need to do something?
Posted by guest , Jan 08, 2009 4:21PM
There's so much fluid flowing around CG he needs to see a doctor
Posted by Anal_yst , Jan 08, 2009 4:22PM
@32
re: digital tv "conversion". Not unless you live in bumblef*ck appalachia.
Posted by guest , Jan 08, 2009 4:26PM
banned?
Posted by guest , Jan 08, 2009 4:26PM
BAC/MER is well on the way to becoming the posterchild for fuck-up mergers and its only been eight days "up and running"...
Posted by guest , Jan 08, 2009 4:27PM
lol on the tag
Posted by guest , Jan 08, 2009 4:27PM
@36 BAC/MER is the new AOL/TWX
Posted by guest , Jan 08, 2009 4:27PM
@36 - BAC baby. MER's M&A was fine til recently
Posted by guest , Jan 08, 2009 4:28PM
im back b*tches
Posted by guest , Jan 08, 2009 4:32PM
Bess, you should float some fake shit and see if CNBC bites.
Posted by e_anthony58 , Jan 08, 2009 4:34PM
GET OFF THE TREADMILL, CHARLIE!!!
Posted by e_anthony58 , Jan 08, 2009 4:39PM
better yet...
GET OFF THE BOWFLEX, CHARLIE!!
Posted by guest , Jan 08, 2009 4:43PM
Gasbag getting bitch-slapped in Time Square tonight?
Posted by e_anthony58 , Jan 08, 2009 4:45PM
@17 & 21
read all my posts. ive been saying that since FOREVER!!!
NBCUNI will save a bunch of money without her!
there will come a day when CNBC will decide whether their future is Erin Burnett or Maria Bartiromo (Trish Regan - we love you but no dice. go to business school).
i believe Erin is the future of NBC News and Maria knows it!! so i'm sure Maria would love to do whatever it takes to snuff Erin out.
...i miss the BIG IDEA.
Posted by guest , Jan 08, 2009 4:57PM
@45
I agree, Erin is the future and the rest of the bimbos should just learn to live with it or get fired. Maria is the first to go. Then I would like to see MC-C, M. Francis and Trish go away also.
Another waste of space and time is D. Kneale. But I doubt they'll save much money firing his ass out. But he makes the joint a joke, and should go anyway.
Posted by guest , Jan 08, 2009 4:59PM
TO: Bess
RE: Package of Jewelry from Uncle Bernie
Did he give you a pearl necklace?
Posted by guest , Jan 08, 2009 4:59PM
How stupid is maria? Joba and ortiz know nothing about technology!
They are there for the porn convention.
Posted by guest , Jan 08, 2009 5:03PM
@23: hehe
Posted by guest , Jan 08, 2009 5:11PM
Has anyone seen Knealy and Elmo together?
Posted by guest , Jan 08, 2009 5:12PM
@23: hehe
Posted by guest , Jan 08, 2009 5:15PM
Michelle Caruso/C is incredibly smug
Posted by guest , Jan 08, 2009 7:07PM
Michelle Caruso/C has big cans
Posted by guest , Jan 08, 2009 7:07PM
Michelle Caruso/C has big cans
Posted by guest , Jan 08, 2009 9:50PM
@29- yeah but Gu was the head of rates business so supposedly his group is still bringing in revenue
Posted by guest , Jan 09, 2009 12:46AM
Courtney Regan is the new hottie on CNBC
Posted by guest , Jan 09, 2009 12:53PM
Flemming was complete nonsense....and will be gone from the St. forever.
He looked like a 17 year old and had the presence of a NJ mall usher.
I was a FIG Assoc and remember when he joined the FIG group in the 90s.
He was a mckinsey flunky and did same out of the Muni Fin Dept after 2yrs and they brought him up as a VP as a favor.
He did zero from 93-96. Literally. He had this ML Asset Management presentation and kept duping it 1000 times.
Being in the asset managment space at ML was like covering the Ford account at Goodyear. Any douche could do it; and they gave it to him. Well he added every 1 * fund company to the roster and linked his revenue code to IB revenue tracking.
Overnight he had the highest Revenues @ ML.
The Co-Heads of FIG were killing eachother at the time, and couldnt see this, mainly b/c this Mr. Potatoe Head looking fat one was going off his rocker.
Long story short 15-30 FIG bankers left for LB, CS, GS, MS, DB and Greg was the only one left. Then another 10 left when they made him head.
While the ML ship was cracking in half with .com, enron, and one head of IB going to jail (Dan Bayly) and a CEO (Herb Allison) being booted and another dufus CEO (Oneal) being hired, he sauntered in for those jobs.
While from the outside it looks like he was a genious, and the CEOs of BA, Wachovia were hanging on his every word....the truth was he didnt know his ass from a merger model; never called on a client in his life, nor won a mandate to speak of.
Politicking, brown-nosing and ass-kissing, however made him bar none the best. Until, he meets the likes of Ken Lewis who has seen his type from 100+ deals before.
It was a good ride Greg. Sorry about the strike price on your unvested shares.
For those of you who doubt crappy bankers make it to the top: Greg is your Poster Boy.
-----------------------
Instant return-fire Response:
Not bitter; left ML long ago for many gurantees and promotions. Just had a soft spot for Mother Merrill and its sad to see her pimped by such unqualified punks....