March 2010

  • Opening Bell

    Opening Bell: 03.02.10

    Goldman Lists New ‘Risk': Bad Press (WSJ) So put a sock in it, Matt Taibbi: “In its annual report, the New York company said “adverse publicity” could have “a negative impact on our reputation and on the morale and performance of our employees, which could adversely affect our businesses and results of operations.” Banks Raise […]

    / Mar 2, 2010 at 9:03 AM
  • News

    Write-Offs: 03.01.10

    $$$ Bank of America’s Moynihan Plans to Vote for Barney Frank [Bloomberg] $$$ Betting on the Blind Side [Vanity Fair] $$$ John Mack: ‘I’m not here to bash the administration, but I’m really disappointed. Every decision can’t be a political decision. Whatever happened to doing what’s right?’ [HereIsTheCity] $$$ RBS may not press charges against […]

    / Mar 1, 2010 at 5:45 PM
  • News

    Citigroup Wanted To Give Vikram Pandit A Bonus This Year

    Not because the bank was finally able to turn a profit– obviously it didn’t– but because it made remarkable strides to suck less than it did the year prior (witness a mere $1.6 billion loss for 2009 versus $27.7 billion), all thanks to Uncle Vikula. Unfortunately our Pandito is a man of his word, and […]

    / Mar 1, 2010 at 4:58 PM
  • News

    Goldman Sachs Has Heard What Shareholders Have To Say

    And while the suggestion that there be a say on Lloyd et al’s pay is adorable– really, so cute– management has decided that, instead of going with it, to keep things as they are. And while this exercise in pretending to care about your feelings was fun for just this once, next time you get […]

    / Mar 1, 2010 at 3:01 PM
  • News

    Dear Dan Loeb Nation

    February performance is in.

    / Mar 1, 2010 at 2:29 PM
  • News

    Micromanaging Executives’ Marriages, Judging Sartorial Choices Topped Dick Fuld’s To Do List At Lehman

    When one is running a multi-billion dollar firm, it’s important to have an unwavering, obsessive attention to detail. While Dick Fuld’s focus on Lehman Brothers’ balance sheet admittedly fell by the wayside, there was one thing the Gorilla never stopped harping on: an insistence his top lieutenants had perfect marriages. According to a new book […]

    / Mar 1, 2010 at 1:00 PM
  • video

    Ping Jiang: “I Left SAC Capital On Good Terms”

    Oh didja now big boy? So you’re saying you were happy to leave after they fired you in February 2008, for failing to make it rain like you used to? You didn’t shout “sexist pigs!” as you were escorted from the building? You didn’t even think it? While you marinade on that, let me just […]

    / Mar 1, 2010 at 11:11 AM
  • News

    Opening Bell: 03.01.10

    Math Is Hard (NYT Magazine) NYT: You met last year with Mary Schapiro, the current head of the S.E.C. How did that go? HM:I would say she was coldly polite. Her general counsel, David Becker, did most of the talking. He and I did not get along at all. He was getting ready to come […]

    / Mar 1, 2010 at 8:31 AM

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