Bess Levin

Posts by Bess Levin

hamm/arnellOklahoma fracking billionaire Harold Hamm’s ex-wife cashed a check he sent her to cover the almost $1 billion awarded as alimony in their divorce, his lawyer said. State Court Judge Howard Haralson in Oklahoma City ordered Hamm, CEO of Continental Resources Inc. (CLR), on Nov. 10 to pay $972 million of his then-estimated $16.1 billion oil industry fortune to Sue Ann Arnall, his wife of 26 years. Arnall had appealed the award as too small. Hamm also appealed. Arnall’s cashing of the check, which includes interest since the ruling, doesn’t necessarily mean the case is settled, Michael Burrage, Hamm’s lawyer, said today in a phone interview. [Bloomberg]

Write-Offs: 1.8.15

$$$ Meet the most powerful woman in hedge funds [NetNet]

$$$ S&P 500 Erases Loss for Year as Stocks Rally for 2nd Day [Bloomberg]

$$$ Mark Cuban: I can’t figure this market out [CNBC]

$$$ Ex-Goldman trader’s fund up 51 pct playing energy’s rise and fall [Reuters]

$$$ Officials in San Diego are trying to sort out how a 5 1/2-foot snake wound up in a toilet at an office building. [AP] Read more »

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  • 08 Jan 2015 at 6:18 PM

Henry Blodget Learns Something New (About Vibrators)

blodgetWhile staying at a “supposedly family-friendly hotel” in Las Vegas called SLS, Blodget made a heinous discovery: His mini-bar came stocked with an intimacy kit, a relatively typical inclusion for upscale hotels, that included two condoms, lube, and a minivibrator. Appalled by this revelation, Blodget observed, “I’m no expert in vibrators, but I was surprised to learn that one could fit in that little box.” That’s an actual quote. [Daily Intel]

  • 08 Jan 2015 at 4:58 PM

Phil Falcone Suffers Biggest Indignity Yet

philfalconeofficehockeystick-260x3371Sure, he’s suffered a lot of them over the past few years, what with having to constantly defend his passion project, LightSquared, to the naysayers (and there have been many), being banned from the securities industry for half a decade, and living next door to people who don’t appreciate the commitment he brings to the table re: scaring the shit out passersby on Halloween. But this latest one? Wherein he wasn’t invited to lace up his old skates and participate in the Harvard v. Yale alumni hockey game going down Saturday night at Madison Square Garden? It’s clearly the the harshest, core-cutting-est one to date, by far. Read more »

  • 08 Jan 2015 at 3:40 PM

The Ruble Is In The Toilet: What’s In It For You?

banya branchesAre you dreaming of a mid-winter getaway? Looking to indulge your caviar tastes on a Buffalo Blue Cheese Combos flavored budget? Want to visit a banya where you can be sure the branch-beating part of the experience is authentic? Thinking hypothermia would add a little excitement to your trip? Consider hopping a plane to Russia, ASAP. Read more »

  • 08 Jan 2015 at 12:34 PM

Layoffs Watch ’15: StanChart

standard charteredThe Standard Chartered equities business, and its staff, are packing it in. At least one guy, not among those being told to clean out his desk, has wondered aloud what the hell took them so long. Seriously, if it was him, he would’ve been passing out boxes and booking conference rooms for awkward conversations like a year ago. Read more »

money-showerAnd despite much talk that women are afraid to ask for more money, PayScale found a relatively small gender gap: 44% of men have requested raises, compared with 42% of women. And the breakdown of who received the full amount of the raise, a partial increase, or nothing at all was also roughly equal. Surprisingly, the largest disparity appeared for professionals with M.B.A.s. While 63% of male business-school graduates who asked for higher pay were granted those raises, only 48% of their female peers were. And 21% of the women got no salary hike at all, versus just 10% of the men. [WSJ]

  • 07 Jan 2015 at 5:36 PM

Bill Ackman Makes The Boldest Of Claims

This one doesn’t have to do with Herbalife, per se, but the sort of proclamations we’ve come to know and love from Bill re: Herbalife in general. Like that it’s going to (paraphrasing): be raided by the feds on an exact day, that his next presentation on the company will reveal where all the dead bodies are, literally, like he’s going to present the audience with some actual corpses, etc. Those sort of things, you can kiss good-bye. Ackman is sick of the heat he gets for them so no more. You blew it and this is why we can’t have nice things. Never again will he engage in big, splashy, public campaigns. Finished. Finito. 100% done. Well, okay, 98%. We’ve got to leave the door just the slightest bit ajar. Read more »