Bess Levin

Posts by Bess Levin

Just kidding, he actually thinks the entire operation is a joke and went on CNBC to say as much, where he noted that the only conceivable way he could see the company turning things around would be if literally everyone working for it was fired. Read more »

In an interview at his Hollywood Hills, Calif., home, the 33-year-old says he is often asked about the original source of his money because his father, Paul Bilzerian, earned “hundreds of millions” as a corporate raider and has worked for decades to protect his assets from a Securities and Exchange Commission judgment. The younger Mr. Bilzerian says he received money from his father in a trust but declines to say how much or what role it had in kick-starting his career, gambling. That career has been lucrative, by his account: He says he earned $50 million playing poker in a recent stretch of 12 or 14 months…Now his antics with cars, guns and women wearing bikinis (or less) have helped him attract more than 4.5 million followers on Instagram. Many of his escapades are bawdy. In an April video that went viral, Mr. Bilzerian was seen throwing a naked porn actress off the roof of his home and into a pool, in a photo shoot for Hustler magazine. She was injured and threatened to sue, bringing a sarcastic reply from a lawyer for Mr. Bilzerian. Mr. Bilzerian has publicly recounted how he suffered a heart attack in his 20s after a five-day binge of sex, drugs and gambling. [WSJ, @danbilzerian (NSFW unless you work at Hustler)]

The disembowling would have been swift. Read more »

…or whatever your friends have registered for in lieu of a KitchenAid Artisan Stand Mixer and towels. Read more »

  • 16 Sep 2014 at 11:47 AM

Layoffs Watch ’14: Bank of America

Cuts are said to have begun at the House ‘o Bri-Moy. Read more »

The world’s biggest banks are overhauling how they trade currencies to regain the trust of customers and preempt regulators’ efforts to force changes on an industry tarnished by allegations of manipulation. Barclays Plc, Deutsche Bank AG, Goldman Sachs Group Inc., Royal Bank of Scotland Group Plc and UBS AG, which together account for 43 percent of foreign-exchange trading by banks, are introducing measures to make it harder for dealers to profit from confidential customer information and take advantage of clients in the largely unregulated $5.3 trillion-a-day currency market, according to people with knowledge of the changes. Banks have capped what employees can charge for exchanging currencies, limited dealers’ access to information about customer orders, banned the use of online chat rooms and pushed trades onto electronic platforms, according to the people, who asked not to be identified because they weren’t authorized to discuss their firms’ practices. [Bloomberg]

Alibaba’s not going to say it has zero faith in the Nasdaq following its not so great handling of the Facebook IPO but it’s not not going to say it has zero faith in the Nasdaq following its not so great handling of the Facebook IPO. Read more »

  • 15 Sep 2014 at 3:13 PM

Break Yourself Off A Piece Of Bill Ackman Today

Hedge-fund manager William Ackman aims to raise $2 billion through the initial public offering of one of his funds on Euronext Amsterdam in a move that will provide it with steady capital. Pershing Square Holdings Ltd. said Monday that it plans to float on the Amsterdam stock exchange for $25 a share, giving it a market capitalization of at least $5 billion…The IPO comes as activist investors are embarking on a drive to take advantage of their increasing clout in boardrooms and above-average hedge-fund returns. Mr. Ackman hopes that the IPO will provide him with more permanent capital. [WSJ]