• 09 Jul 2009 at 6:32 PM

Write-Offs: 07.09.09

By Bess Levin

$$$ Citadel Sues Former Workers Who Started Firm That Hired Sergey “Dancing Feet” Aleynikov [Chicago Business]
$$$ City whizkid/Deutsche Bank employee ‘was completely normal‘ just hours before jumping to his death from roof-top restaurant [Daily Mail]
$$$ Analyst Says AIG’s Equity May Vanish [Dealbook]
$$$ Bernard Madoff “is doing OK,” said lawyer Ira Sorkin [TDB]
$$$ “We are embarrassed and disappointed by our 2008 performance, and we feel an obligation to you to turn this around,” wrote Mr. Feinberg. “But we just don’t know when and how much pain we must take before that happens.” [WSJ]

Comments (27)

  1. 1
    Posted by guest | July 9, 2009 at 6:38 PM

    One step closer to economic equilibrium.

  2. 2
    Posted by guest | July 9, 2009 at 7:20 PM

    You can bet Lloyd’s behind the Citadel suit. Payback is just beginning bitches.

  3. 3
    Posted by guest | July 9, 2009 at 7:26 PM

    why the fuck would Lloyd and not, you know, KEN GRIFFIN be behind the Citadel suit?

  4. 4
    Posted by trojan | July 9, 2009 at 7:26 PM

    http://news.yahoo.com/nphotos/Most-Recommended-Photos/ss/1750;_ylt=Au8zuc40PszHVsltOn5WDwWaK8MA#photoViewer=/090707/photos_od_afp/65f23dae22b0a137977fcde27bf9566e

  5. 5
    Posted by guest | July 9, 2009 at 7:35 PM

    nice implants

  6. 6
    Posted by guest | July 9, 2009 at 8:13 PM

    “Although he had been neither sacked nor suspended, he was said to be at the centre of an inquiry relating to an IT issue thought to be linked to the use of his work computer”
    p0rn at work? DB, you have blood on your hands.

  7. 7
    Posted by guest | July 9, 2009 at 8:22 PM

    Did somebody taste that dark peach before it went splash?

  8. 8
    Posted by guest | July 9, 2009 at 8:23 PM

    Get some’a that.
    http://news.yahoo.com/nphotos/Most-Emailed-Photos/ss/1756;_ylt=AhMR8f94Glm.OQPFGZw4xOceO7gF
    -MCS with Laser on His Head

  9. 9
    Posted by guest | July 9, 2009 at 8:28 PM

    Laser carrying coked up Mexican Cocaine Shark, I’d tap that a$$!

  10. 10
    Posted by trojan | July 9, 2009 at 9:03 PM

    Sarkozy likes to watch

  11. 11
    Posted by guest | July 9, 2009 at 9:53 PM

    Dealbreaker

  12. 12
    Posted by guest | July 9, 2009 at 10:08 PM

    So Buy 100 AIG 40 call @ 12 is not a good idea?

  13. 13
    Posted by guest | July 9, 2009 at 10:13 PM

    i am the economy
    i am
    i

  14. 14
    Posted by guest | July 9, 2009 at 10:23 PM

    roof gardens is decent place… he shoulda waited for the party

  15. 15
    Posted by guest | July 9, 2009 at 10:46 PM

    @3 Because twinkle toes tried to jack Lloyd’s software for Teza, BITCH. Coincidence? Don’t think so, BITCH.

  16. 16
    Posted by trojan | July 9, 2009 at 11:50 PM

    BoSox lose. Yanks win. Dodgers spank Mets.
    Today was the perfect day.

  17. 17
    Posted by guest | July 10, 2009 at 12:33 AM

    Trojan, this blasphemy. Amazins is best and Dodgers be no good. I hope you have caliente in yo eyes.
    -Cowbell Man

  18. 18
    Posted by guest | July 10, 2009 at 1:03 AM

    @2– guess again. $100 million is behind this!
    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPSZXRJjJtKw
    “Deferred Compensation
    Citadel paid Kohlmeier and Malyshev tens of millions of dollars during their tenure at the firm, some of which was deferred compensation, the fund manager said in its complaint. If the court finds that Kohlmeier and Malyshev violated their agreement, Citadel won’t have to pay them that money, according to court documents.
    In Malyshev’s case, the deferred compensation may total about $100 million, said two people with knowledge of the matter, who declined to be identified because the amount hasn’t been publicly disclosed. Gair declined to comment on the issue.
    The noncompete agreements signed by Malyshev and Kohlmeier while at Citadel barred them from competing with that firm until November 2009, according to the complaint. In exchange, Citadel agreed to pay Malyshev $30,000 a month during that period, and Kohlmeier $21,000 a month.
    “

  19. 19
    Posted by guest | July 10, 2009 at 7:23 AM

    Wait Citadel is suing Teza because they MIGHT steal code?
    Cmon Ken…for your information, the Supreme Court has roundly rejected prior restraint!

  20. 20
    Posted by guest | July 10, 2009 at 7:44 AM

    preventive intervention rocks my nuts
    -KG

  21. 21
    Posted by guest | July 10, 2009 at 7:57 AM

    16 – GFY

  22. 22
    Posted by KevinB | July 10, 2009 at 8:00 AM

    Did Cliff Assness just say “Someone has to stand up for incest” on CNBC?
    And, post-Drury, isn’t Becky dressing like a demure school girl these days?

  23. 23
    Posted by guest | July 10, 2009 at 8:01 AM

    “Cerberus To Sue Workers Who Stayed”

  24. 24
    Posted by guest | July 10, 2009 at 8:01 AM

    @22 Cliffy should shut the fuck up and fix his own a$$ bleeding.

  25. 25
    Posted by guest | July 10, 2009 at 8:57 AM

    Am I an asshole for finding it humourous that the suicide story was posted under “write-offs”?

  26. 26
    Posted by guest | July 10, 2009 at 9:24 AM

    @25 bravo

  27. 27
    Posted by guest | July 10, 2009 at 10:41 AM

    Supposedly he got caught impersonating a client on some message board but I think there is more to the story. I think we can see a lot of all of us in a guy like this, type-A, always striving for the best,etc. How pathetic how he cared to die “in style” though driking champagne and wearing his best suit, Hugo Boss?!? I mean, he could have worn Gieves and Hawkes or some other Savile Row tailor..But yeah, sad to see a smart young chap to be in such a bad place in his life that he decided to end it all.
    RIP Jools!

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