Bess Levin

Posts by Bess Levin

  • 07 Apr 2014 at 3:16 PM

It’s Really Happening


[@ilovestamford via @sallypancakes, earlier]

Like the elderly couple that has money in the bank but nevertheless scrimps and saves every last scrap of food because they lived through the depression, flashbacks to John Thain skipping board meetings to powwow with decorators to select the finest drapes and trashcans money could buy keeps Greg Fleming in check. Read more »

  • 07 Apr 2014 at 2:36 PM

Today Is Not Just Another Monday

October 12, 1492. July 4, 1776. July 21, 1969. All dates of such historical and cultural significance that if you asked someone where they were on that day, they’d surely be able to tell you. Because they weren’t just any old days; they were moments when everything changed. When seismic shifts in history occurred. When everything that came after it would be different than before. The day Christopher Columbus reached land; the day Congress the adopted the Declaration of Independence; the day we put two men on the moon. Today, another date will be added to the history books: April 7, 2014. The day SAC Capital changed its name to Point72 Asset Management. Read more »

It pays to be an employee at 15 Central Park West. Author Michael Gross reports in House of Outrageous Fortune, his new book about the behemoth condo building, that the average worker there made $22,500 in tips during the holiday season in 2011, give or take a few Benjamins…Not bad for tending to a tower full of influentials, plenty of whom have made Fifteen — its nickname, apparently — their base of power…Sandy Weill…is remembered by one (anonymous) staffer as being “very demanding … An automatic call is made to the manager if a letter or a magazine doesn’t arrive when it’s supposed to.” [NYM, related]

“Him, him, and that guy over there, in the green shirt.” Read more »

  • 04 Apr 2014 at 2:20 PM

Dan Loeb Only Has Two Problems With Sotheby’s

Ahead of the company’s annual meeting on May 6, he would like to remind shareholders what those two problems are: 1. He (still) thinks management sucks and 2. In Loeb’s opinion, Team Sotheby’s knows dick about selling art. Read more »

Second-year M.B.A. students at a number of schools are holding out for the perfect job, even if that means rejecting safe-bet offers and graduating into unemployment. The attitude reflects a major shift from just a couple of years ago, when business students aimed to lock in their postgraduation plans by winter break and those still looking in April were assumed to be deficient in some way…Bloom Energy, which taps M.B.A. students for 5% to 8% of its new hires, doesn’t recruit on a set schedule and rarely does so for positions more than six months ahead of time. That means those who want to start work after graduation generally only stand a chance at getting a job in the spring. And they’re willing to wait, said Helen Textor, director of global recruiting and staffing at the Sunnyvale, Calif., clean energy firm. “I’m surprised often at how comfortable they are” turning down other offers, knowing a job at Bloom is far from a sure bet, she said. [WSJ]

Or so he told one Bloomberg reporter. Read more »