Uncle Vikula, who just started receiving a salary in January after choosing to make $1 a year until Citi turned a profit, may now be eligible for a very exciting three-part bonus. Continue reading »
Archive for May 2011
Color-coded armband-organized. Continue reading »
Headed To Vegas Next Week? If You Like Your Planes To Be GPS-Enabled, Consider Changing Plans
By Bess LevinProbably no big deal, but if you’re a nervous flyer, please note that Phil Falcone’s LightSquared will be running some tests that might interfere with the technology on aircrafts flying near Vegas. Continue reading »
If your name does not appear here, you have not be asked, but there’s still hope. Continue reading »
This afternoon, the US Marshals Service will hold yet another auction of Bernie Madoff’s stuff, with proceeds going to the victims of the Ponzi scheme. Today’s lots are comprised of the liquor left behind by the Ponz Master. As previously mentioned, one lucky bidder will take home Bernie’s prized collection of low-grade mini-bar booze (including a selection of 2-ounce bottles of Smirnoff vodka, Bombay gin and Grand Marnier liqueur). Also up for grabs? A decanter containing a mystery liquid, which starts at $500. Continue reading »
If you’ve been keeping up with the Dominque Strauss-Kahn story, you may recently have hit your disgust overload (and if you haven’t, take a gander at Ben Stein’s analysis). The IMF chief, currently bunking at Riker’s and said to be on suicide watch, was been accused of sexually assaulting a hotel maid over the weekend; while DSK is of course innocent until proven guilty, the fact that many women have come out of the woodwork to speak not very highly of his character, and, more so, that his defense quickly changed from having lunch with his daughter and not being in the hotel at the time of the allegations to being there but the encounter being “consensual” does not look good. And if, as some conspiracy theorists believe, DSK did not do anything wrong but was set up, that would be pretty vile, too. This morning, however, one thing did emerge that could prove to be a small but bright light in an otherwise very dark story. Naturally, we speak of the case against emoticons. Continue reading »
“A friend of mine is actually the largest owner of agricultural land in Uruguay,” said the hedge fund manager. “He’s a year older than I am. [My fund] is somewhere [around] the 15th-largest farmers in America right now.”…When asked if this is an end-of-the-world situation, the hedge fund manager replied: “It really is. I tell my fiancée this from time to time, and I’ve stopped telling her this, because it’s not the most pleasant thought.” He pauses for a moment. “We just can’t keep living the way we’re living. It’ll end within our lifetime. We’re just going to run out of certain things. We’ll just have to learn how to adjust.” [NYO]
This Is How The Head Of The IMF Conducts Interviews, According To Another Alleged Victim
By Bess Levin
This is an account from Tristane Banon, who earlier this week said she intends to file a complaint against Dominique Strauss-Kahn. Continue reading »
Empirical Creative was paid about $300,000, the people familiar with the situation say, for services that included a mock trial, during which his lawyers employed two main defense themes: that the information prosecutors said involved illegal inside tips was already public, and that the government’s witnesses weren’t credible. During the mock trial, the consultants discovered, the jurors most receptive to those themes were those without advanced-education degrees or financial sophistication and with relatively low- to middle-income jobs. Mock jurors who were members of ethnic minority groups also were more sympathetic to Mr. Rajaratnam, who was born in Sri Lanka, their research found, according to the people familiar with the situation. The real jury reflected those findings in many respects. [WSJ]
You’re an investment professional and have been making some trades that would fall under the umbrella of ‘securities violations’ for some time. Your colleague and co-conspirator has been acting a little weird (whenever you talk to him, he’s been asking detailed questions about how exactly you’ve obtained inside information, what you did with it, etc) and you start to wonder if perhaps he’s flipped, is cooperating with the government and has been recording conversations with you in order to get a better deal. If he’s started wearing a cravat and asking you to lean in “closer, closer” while chatting or to slow dance in the office kitchen, you may want to back slowly out of the room and lay low for a while. Continue reading »
