Bess Levin

Posts by Bess Levin

Steve-Cohen-of-SAC-by-Bloomberg-1Will Cohen celebrate the loss by his noted #2 enemy1 at the hands of an appeals court by saying, “Fuck it, you know what? We’re re-re-naming the firm?” We’ll just have to wait and see (but it seems possible). Read more »

What? No good?

What? No good?

If anyone had said anything to James Holbrook when he first started there about that sort of thing being frowned upon…cause, you know, he’s worked in a lot of offices and people do that all the time. Read more »

geoffreythegiraffeThe Needham analyst conveyed his enthusiasm about the TRU IPO to his colleagues, as well. When a rival firm announced in early May 2010 that it was initiating research coverage of toy manufacturers and the toy industry, the Needham analyst sent an email to a colleague stating the firm’s initiation of coverage was “[s]hameless positioning to get a certain upcoming toy IPO,” and that he “would do it too. I would crawl on broken glass dragging my exposed junk to get this deal.” [Matt Levine, earlier]

ray dalioAnyone who claims otherwise just hasn’t biologically adapted yet. Read more »

toysrusThe investment banks promised favorable research to Toys “R” Us Inc. and its private-equity owners to win roles in its initial public offering, the Financial Industry Regulatory Authority said today in a statement. The regulator fined the firms a total of $43.5 million, faulting them for “implicitly or explicitly” making promises that their analysts would give positive coverage. Six of the 10 firms didn’t have adequate supervisory procedures to prevent the practice…In May 2010, Citigroup’s investment bankers hosted a chaperoned call with the firm’s research analyst, who then e-mailed a supervisor. “I so want the bank to get this deal!” the analyst said in the e-mail, according to Finra. Days later, bankers told the retailer that they could “count on Citi’s firm-wide support and advocacy for the Toys story and valuation.” Other firms contacted Toys “R” Us after making their pitches, expressing enthusiasm about the firm’s prospects and providing assurances that the views of bankers and analysts were aligned, Finra said. Toys “R” Us and investors, including KKR & Co., withdrew the IPO filing last year. [Bloomberg]

preetbhararawhiteboardAnthony Chiasson and Todd Newman will be enjoying themselves this evening. Preet Bharara, less so. Read more »


[via Gawker]

Related: Don’t Delete That Black Friday Jacuzzi F*ckfest Evite From Nourel Roubini Just Yet

Christopher Zigmund Barra and Luis Miguel Sampedro likely have $7.5 million coming their way. Read more »