Pay Czar Poised For Next Wave Of Rulings (Reuters)
Feinberg has said these rulings– coming today!– will likely reduce pay for the 26th to 100th highest-paid employees at the six firms still under his authority.
KKR: Omaha On The Hudson (BusinessWeek)
“He can make any kind of investment he wants,” Kravis says of Berkshire CEO Warren Buffett, the object of his admiration. “And he never has to raise money.” Kravis thinks Berkshire, with its piles of cash and trove of publicly traded shares with which to make acquisitions, is nothing less than “the perfect private equity model.”
Women Hedge Fund Managers Outperform The Men (BW)
Ping Jiang is avenged: “A new study by Hedge Fund Research found that, from January 2000 through May 31, 2009, hedge funds run by women delivered nearly double the investment performance of those managed by men. Female managers produced average annual returns of 9%, versus 5.82% for men.”
Citi’s TARP Payback Could Cheer Institutional Investors (WSJ)
David Trone, an analyst with Macquarie Capital, said “A lot of clients I talk to are afraid” of the government ownership.
Lagarde defends French plan for bonus tax (FT)
It is apparently “fully justified.”
A.I.G. General Counsel Is Set to Depart Amid Talks on Pay (NYT)
Or possibly not at all: “The general counsel, Anastasia D. Kelly, notified the company that she planned to exercise her rights to severance about a week ago, according to people who know her professionally.These acquaintances interpreted her move as tantamount to saying she would leave at the end of the year, although A.I.G.’s executive severance plan allows her longer to separate from service. The plan also allows Ms. Kelly to change her mind.”
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“In fact, the resolution authority proposed by Frank was such a slurpingly obvious blow job of Wall Street…”
Subtle as a sledgehammer, but well played.
http://www.rollingstone.com/politics/story/31234647/obamas_big_sellout/5
@1 taibbi beats frank in cocksucking.
hey kravis, how’s my ass taste?
-WB
for the non-Nomos Asian admirers out there: Betty Liu (Bloomberg) vs. Merissa Ree (CNBC) – who would you rather?
Come on all you CEOs, trick the pay czar. Let him think you are really cracking down. Fire all the bankers! Give them severances that would approximate the bonus.
Then, in January, hire them back with a good signing bonus. Make the firings public, and keep the re-hirings under wraps.
Everybody wins that way. Feinberg and Barney Frank get to look like tough guys, the bankers can get a little time off around the holidays, and still get paid like the good old days!
…eagerly awaiting that post re: ‘the Buse’
melissa lee, mos def. bigger cans.
Is it me, or should a hotel not advertise that they offer an array of “water sports”
Women managers get higher returns because they suck cocks for insider tips
@9
STFU. Don’t reveal any-a-my trade secrets.
-cg
Women run money better than men? WRONG
http://longorshortcapital.com/pomegranate-capital-thinks-women-can-run-money-better-is-wrong.htm
@9- It’s too early in the morning for comment like that.
Comment removed by moderator.
@8
Different strokes for different folks
Classy. Pigs.
crickets
Women Hedge Fund Managers Outperform The Men – Couldn’t have asked for a better headline.
It moves everytime I hear KFine saying shes a value girl.
@9 um, a good manager, regardless of gender or sexual orientation, sucks cock for insider tips. chump.
-sc
@13
You can add the obvious that the HF industry is what, 95/5 men/women, so any comparison is pretty much bogus due to completely conflicting sample sizes (etc, etc).
@9 get it right, it’s tips insider
@20 You can make what you want of the report. I was only commenting on Ms. Arnst’s reporting integrity and my missing $300.
i’m disappointed no votes out there for my betty liu….
@23 我投劉