Write-Offs: 03.13.14

$$$ EBay CEO sees Icahn getting louder, tells employees not to listen [Reuters]

$$$ New York Times Columnist Andrew Ross Sorkin Just Got a Pilot Green-lit by Showtime [Vulture]

$$$ Bernard Madoff’s five former aides on trial for fraud were like children who discovered Santa Claus was a sham and played along to get more gifts, a prosecutor told jurors who will begin deliberating as soon as tomorrow. The defendants, accused of aiding Madoff’s $17.5 billion Ponzi scheme for decades, kept up the “Bernie Claus” act long after realizing the trading in his investment advisory business was fake, Assistant U.S. Attorney Randall Jackson said today in federal court in Manhattan. They did so for money, he said. “Children always figure it out” after they start asking how Santa could “visit billions of houses in one night” and make so many toys in one year, Jackson said. “Let’s talk about the absurdity of the fundamental premise” that the defendants “engaged in all these activities” and didn’t figure it out. [Bloomberg]

$$$ Zuckerberg Phones Obama: Keep the Internet Secure [Digits]

$$$ ECB’s Draghi: Strong Euro Pulling Down Euro Zone Inflation [WSJ]

$$$ A groom on his honeymoon got into a drunken argument with his bride aboard a flight form Atlanta to Costa Rica, forcing the Delta Air Lines aircraft to make an emergency landing on Grand Cayman island on Sunday night, authorities said. The U.S. citizen was escorted from the flight after it landed by Cayman Islands police and was being held in custody on a charge of drunk and disorderly conduct, according to Royal Cayman Islands Chief Inspector Raymond Christian. The bride remained aboard for the flight to San Jose, Costa Rica, he said. [Reuters]

$$$ China Shows Fresh Signs of Economic Weakness [WSJ]

$$$ Regulation: The one thing that might save bitcoin [NetNet]

$$$ Meet Gary Melius, the Long Island Power Broker Almost Assassinated at His Great Gatsby Castle [DI]

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Comments (5)

  1. Posted by Petra | March 14, 2014 at 10:48 AM

    It will be interesting to see how the relationships between Ebay and Icahn develop. In my opinion the company should not follow his advice. With the recent development they will be better of if they go their own way.

  2. Posted by London Banker | March 14, 2014 at 10:54 AM


    T. Hat-Guy, UBS Grammar Quant

  3. Posted by VonSloneker | March 14, 2014 at 11:13 AM

    Ichan's getting louder…and Leon's getting laaarrrrger

  4. Posted by Guy who digs Becky | March 14, 2014 at 12:30 PM

    Are write offs the new lunch time opening bell?

  5. Posted by Hotspot Shield 3.35 | March 18, 2014 at 3:41 PM

    In my opinion the company should not follow his advice. thanks