$$$ Great news for white collar criminals: breaking out of prison has never been easier. [Cityfile]
$$$ The Wall Street Draft [American Madness]
$$$ Melissa Francis’s vote for the Name Jamie Dimon’s Bar ‘n Grill contest. [Twitter]
$$$ Bank of America’s Enemies List [The Deal]
Archive for September 2009
Being indoctrinated into the $4 million crab claw club? Your guess is as good as mine. Wildly speculate away.
Apparently he was not told security would see him out but is leaving on his own terms. No word on his plans for the future but something along these lines would make sense, with John Thain bussing tables.
Update: Andrew Cuomo has chimed in an attempt to ruin the happiest day of Ken Lewis’s life and say that the news of the resignation will not stop his investigation, in case you thought anyone was going to get off easy.
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[Shia LaBeouf on the Money Never Sleeps Set, in his role as a trader. This is how Oliver Stone perceives you people.]
CNBC Reports: “New York’s street-cart vendors aren’t just low-income immigrants anymore”
By Bess Levin
They’re ex-investment bankers too!
It looks the UK really means business. They are not going to allow some small tax haven whose government is on the verge of not being able to pay its employees to dictate terms. The Queen has the leverage and the cash and she is letting the Caymans know it. The month long bickering focused around the conditions for giving the Cayman Islands a £38m emergency bailout has finally come to a head. Painful cuts and sacrifices are going to be required to avoid paying government employees in high fives and compliments. An agreement has almost been reached and the Caymans may never be the same because of it.
No and unclear! A bunch of you have been wondering where Jarvis has been lately, fearing a Margaret Brennan-like abandonment. For now, be easy– she’s on vacation this week. However, and I only say this so you can emotionally steel yourself, there are rumors that she’s planning to leave the network once her contract is up (no word on where she’s headed, though speculation is encouraged). This is of course very disappointing, as we like our CNBC with at least one Apprentice runner-up at all times. The only upside we could possibly come up with? A hole in on-air talent that would necessitate bringing back Macke.
Not the market, not Ken Griffin and not some sheisty moving company. One and two learned that the hard way and now the fools at Auer’s Moving & Rigging are getting a crash course in what happens when you try and pull a fast one on this vegan surfer-cum-triathlete. Perhaps thinking the Third Point founder would simply roll over and take it, the company filed suit earlier this year against Loeb and his wife Margaret, demanding $98,689.07 it claimed to be owed for moving the couple into their $45 million apartment at 15CPW. Well roll over he will not.
The whole ‘new normal’ concept is really only for the developed world to digest. With an increasing focus on emerging markets, developed countries are going to have to get used to business the EM way. So how exactly do you prepare yourself to deal with the three pillars of emerging economies: bribery, relentless bureaucracy, and imperfect laws? You get an MBA right at the source. You go to Russia and the Moscow School of Management Skolkovo.
China and Japan have had their problems over the millennia and gone in completely opposite directions when it comes to certain issues. This is good news for Vikula. For the first time in what has seemed like millennia, somebody out there wants more Citigroup- and not just as a short-term equity holding. While Japan has been sanctioning Citi for lack of fraud oversight, China wants Vik & Co. to show the billion-plus would be customers why the government’s stake in C was an investment, not a bailout.
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