Bess Levin

Posts by Bess Levin

Dan LoebDow Chemical’s management team are “going to be great listeners” to ideas from shareholders on improving the company’s performance, its chief executive Andrew Liveris has promised. Speaking as the company reported better than expected earnings for the third quarter, Mr Liveris said on Wednesday that he had been continuing to speak with Dan Loeb of Third Point Capital and other shareholders about how to raise Dow’s share price…Third Point, an activist hedge fund, in January revealed it had taken a stake in Dow and called for the group to be broken up, saying it “woefully underperformed” over the past decade…On Wednesday Mr Liveris denied that he had an “adversarial” relationship with Mr Loeb or other investors, and promised to listen to their analysis, but said he sometimes had to point out to them where they were wrong. [FT]

stevecohensaccapitalThis December will mark five years since Patricia Cohen, Steve’s first wife, came back into his life with the fury of a thousand Preet Bhararas. To celebrate, he’s going to smother her with a pillow. Just kidding, that’s for year six. For five, he’s going with this: Read more »

  • 23 Oct 2014 at 10:00 AM

Ken Griffin Introduces The Concept Of His Divorce Voice

It's The Griffins!As those of you keeping up with the conscious uncoupling of Kenneth Griffin and his soon-to-be ex-wife Anne Dias Griffin know, both the Citadel founder and his bride have been playing the hardest of ball re: marital assets, reputations, etc, since he filed for divorce over the summer, maintaining, through their attorneys, that each other can suck it. For her part, Anne has alleged that Ken:

  • Surprised her divorce papers while she was on vacation with their three children
  • Had a couple’s therapist he was seeing on his own convince her to sign a pre-nup
  • Is an absentee father
  • Changed the locks on their houses
  • “…threatened to demolish part of the family’s primary Chicago residence”

In response, Ken has:

  • Reminded Anne about the time he dressed up “as Spider-Man for a school Halloween party and as a prince for a daughter’s birthday party”
  • Reiterated that if Anne thinks she’s getting a dime more the prenup stipulates, she oughta think again

…and most recently, said in court filings that 1. Use of his private jet is privilege, not a right and 2. What she might have interpreted as terrifying verbal abuse was simply how he talks when he’s divorcing someone and not cause for alarm. Read more »

  • 22 Oct 2014 at 6:44 PM

Write-Offs: 10.22.14

$$$ Lloyds Said to Cut 9,000 Jobs Amid Online Banking Shift [Bloomberg]

$$$ Betting big on marijuana futures with the Wolf of Weed Street [Men's Journal]

$$$ “The financial community has done well, but a lot of people have been left behind,” Larry Fink, chairman and CEO of BlackRock, said at the Robin Hood Investors Conference on Tuesday in Manhattan. “We should be asking the bigger question, ‘Are the investments we’re making good for society?’ ” [NetNet]

$$$ Men’s boxers promise to block ‘harmful’ cellphone rays [NYP]

$$$ Fox News Host Says Young Women Should ‘Go Back to Tinder’ Instead of Voting [Daily Intel] Read more »

Lloyd Blankfein Gary CohnGoldman commissioned its own study re: certain allegations of gender discrimination and the results show there’s a lot that went over Cristina Chen-Oster and Shanna Orlich’s heads. Read more »

HSBCAccording to lawsuits by two of her former subordinates, during her time as a senior vice-president and head of business development for North America, Eileen Hedges told another one of her subordinates, 27 year-old “Jane Doe,” to:

  • Dress provocatively on the job
  • “…have sex with male HSBC executives and clients at company-sponsored events”
  • Specifically, “have sex with an unnamed senior executive at the bank’s Mexico unit”

The boss of the year also allegedly:

  • “…falsely told co-workers that Doe was having sex with clients when they traveled to bank functions outside the U.S.”
  • “…told Doe about her own alleged extramarital affairs with HSBC executives.”1
  • “… attempted to pull down Doe’s blouse and expose her breasts in the presence of male HSBC employees.”

And the reason we now know all this is because, naturally, the subordinates who filed the lawsuits were (supposedly!) retaliated against by Hedges after complaining that her demeanor on the job was slightly less than professional. Read more »

JPM corporate challengeRegulators want detailed plans about protecting your free tee-shirts from Russian hackers, too. Read more »

  • 22 Oct 2014 at 4:01 PM

That’s ‘Professor Dimon,’ Thank You Very Much

After beating cancer, Jamie Dimon — like many survivors — is looking to give back after a life in banking. The 56-year-old JPMorgan Chase chief executive is considering philanthropy and teaching when he leaves the bank he’s helmed for 10 years, he said during his first public appearance in New York since finishing the cancer treatment last month. “I still want to make it a better world,” he said Tuesday at the Javits Center for an industry conference. “I think when I’m done with this, I’m going to do it more directly.” [NYP]