Bess Levin

Posts by Bess Levin

  • 08 Dec 2014 at 3:15 PM

Just An FYI For Next Time

imgresBehold, what clearly deserves a place in the Top 10 of excuses offered re: misunderstandings re: sexual harassment on Wall Street:


One female employee at CTPartners alleged Jeremy Robertson, who works in the firm’s hedge fund practice, called himself “daddy” and said he wanted to spank her. When she complained to Vice Chairman Burke St. John, he dismissed the matter due to a “language barrier,” even though Robertson’s first language is English, according to her statement in the EEOC complaint.

Also, penis shadows: Read more »

  • 08 Dec 2014 at 2:25 PM

Bonus Watch ’14: Morgan Stanley

This could be you.

This could be you.

Exciting news from the House o’ Gorman: employees will get more actual money come bonus time, like the kind you can use, touch, roll around in and less of the kind that’s just sort of theoretical. Read more »

imgres1As no one needs to be reminded, tomorrow is judgment day for scores of financial services employees hoping to one day add 3 little letters to the bottom of their email signature. If you’re feeling prepared, confident, and calm, that’s nice for you. If you haven’t been having a recurring nightmare all week wherein you show up to the test center not just naked but without your calculator, that’s also nice for you. If on a scale of 1-10, 1 being “I have zero anxiety whatsoever about tomorrow’s exam” and 10 being “I’m screaming into a pillow right,” you’re somewhere between 9-15, take heart. Read more »

deebsalebIn 2010, Deeb Salem was employed as a mortgage trader at Goldman Sachs, despite numerous attempts by rivals to poach him and his self-described Michael Jordan-esque skills. He told his mother, who was living with him at the time, that he expected to be paid a $13 million bonus. So when it turned out he only received $8.25 million, you can imagine how incensed Deeb must have been. Not only had GS management made him look like a liar, it failed to keep up its end of the unspoken agreement re: not disappointing the mothers of Goldman Sachs employees. Refusing to let Goldman get away with such an unspeakable act, Salem sued the bank, demanding it cough up the extra $5 million he believed he was owed. Sadly, last September, a judge dealt Salem a bit of a setback in his quest to recover the money but if anyone thought that was going to stop him from ultimately making good on his promise to the woman who gave him life, he/she thought wrong! Read more »

  • 04 Dec 2014 at 5:14 PM

Uber Raised Some Money

This guy's excitedGo forth and discuss these data points with your Uber driver tonight. Read more »

ken-griffin-citadel-investment-groupBllionaire hedge fund manager Ken Griffin scored a legal victory in his divorce case when a Cook County judge ruled Wednesday that his wife may no longer insist she signed their prenuptial agreement under duress after visiting a psychologist with her husband-to-be. The ruling is a setback for Anne Dias Griffin. One of her lawyers said in court Wednesday that striking the visit would make it difficult for her to make her case that she was coerced into signing the prenuptial agreement. Many of the court filings of Dias Griffin, who has been trying to have their 2003 prenuptial agreement declared invalid, have pointed to a therapy session two days before her wedding that she has said led her to sign the prenuptial agreement. The therapist sided with Griffin, Dias Griffin said in filings, telling Dias Griffin that she was being difficult. [Chicago Tribune]

Jim CramerFrom May 1999 to December 2013, you have extracted more than $14 million in cash payouts from TST, excluding millions more paid out as stock options. In addition, you have enjoyed considerable non-pecuniary compensation such as perfumed sedan driver(s) and assorted assistants who spray ionized lavender water on your barren cranium. Despite the long decline of TST’s share price your compensation continues to trend higher. The four year employment agreement you signed in November 2013 guarantees you total compensation of at least $3.5 million per annum – nearly 5% of the market capitalization of TST and more than the cumulative dividends expected to be paid out this year to common shareholders…Your brand is, and remains, tremendous. I commend you for your tenacity and intellect, but you are simultaneously an employee of CNBC and a director, major shareholder and employee of TST. To which entity do you ascribe your greater allegiance? There would appear to be a grand structural conflict. You are 59. When you lie upon your deathbed, how will you reflect upon on your legacy? Once a $70 stock, TST is now $2.20. You have done well, but how has the common shareholder done? [SEC via TalkingBizNews]