Archive for September 2009

  • 30 Sep 2009 at 7:00 PM

Write-Offs: 09.30.09

$$$ Great news for white collar criminals: breaking out of prison has never been easier. [Cityfile]
$$$ 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]

  • 30 Sep 2009 at 6:30 PM

What Was Ken Griffin Doing At Blackstone Today?

Screen shot 2009-09-30 at 6.31.15 PM.pngBeing indoctrinated into the $4 million crab claw club? Your guess is as good as mine. Wildly speculate away.

  • 30 Sep 2009 at 5:12 PM

Gasparino: Ken Lewis To Step Down By End Of Year

kenlewis.jpgApparently 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.

  • 30 Sep 2009 at 4:30 PM

Pay Czar May Not Rule With An Iron Fist After All

Ken Feinberg.jpgIf you believe the CEOs of the most distinguished members of the bank bailout club were all playing along with the short-term profit focused bonus bonanza and want to see Ken Feinberg extract a pound of flesh, keep waiting. Whether it was a result of his compensation model crashing when trying to incorporate across-the-board clawbacks or fear certain Facebook users might delete him as a friend, Feinberg is going to let bygones be bygones.

“I’m wary of exercising that authority in too many cases,” Feinberg said during remarks to the Chicago Bar Association’s executive compensation institute. “I’m not sure it’s a good ides for the Department of the Treasury to seek to recover … money from individuals.”

As the guy in charge of evaluating whether or not bank CEOs achieved the goals their compensation seems to justify, KF also shared a little insight into what his own goals are for the government determined compensation scheme.

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  • 30 Sep 2009 at 4:20 PM

Thanks to This Week’s Advertisers

thank you post it note.JPGA quick word of thanks to this week’s advertisers on Dealbreaker.

  • De Beers
  • Delta
  • The Atlantic
  • The Economist
  • Soul Calibur 4 PSP
    If you’re interested in advertising on Dealbreaker or any other site in the Breaking Media network, download our media kits, or email advertising@breakingmedia.com. Thanks!

    • 30 Sep 2009 at 3:51 PM

    Caption Contest Wednesday

    Screen shot 2009-09-30 at 3.47.47 PM.png
    [Shia LaBeouf on the Money Never Sleeps Set, in his role as a trader. This is how Oliver Stone perceives you people.]

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    They’re ex-investment bankers too!

    • 30 Sep 2009 at 3:37 PM

    Atrocities In Paradise

    Yacht.jpgIt 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.

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