Jon Shazar

Posts by Jon Shazar

If Argentina doesn’t want to sit down with the Elliott Management founder and vulture-investor-in-chief, that’s OK. EMC Corp. can’t wait to hear from him about how its “federation strategy” is a total disaster than that it should sell its most successful business. Read more »

He may not even be allowed to set foot in the Staples Center parking lot on game nights, but Donald Sterling is motivated by a much higher force: spite. Strong, powerful spite. Strong enough to contemptuously dismiss an offer nearly four times as high as any received by an NBA team in history. Strong enough to cling to the Clippers despite being banned from the league for the rest of his declining years. And strong enough to force his family trust into default and a probable fire-sale of real estate just to deny Shelly Sterling the satisfaction of making him $1 billion richer. Read more »

When Brady Dougan & co. pleaded guilty to being a Swiss bank earlier this year, it doomed the firm to its worst quarter since the financial crisis. On the other hand, if it weren’t for helping non-Swiss people avoid taxes, there probably wouldn’t even be a Credit Suisse in the first place. So, you know, totally worth it. Read more »

You’d think that having a million foreigners flying hither and thither about your enormous country, dumping their dollars and euros and whatever into all manner of kit, feijoada and caiparinhas, might offer a little pick-me-up to the Brazilian economy. You know, like how it helped swell a little non-profit called FIFA’s coffers by $2.36 billion. But you’d be wrong. Read more »

There will be none of that Chicago-Board-of-Trade-in-Ferris Bueller’s Day Off nonsense at the London Metals Exchange. Unless you feel like coughing up £1,250, that is. And don’t even think about doing it twice in three months, unless you’re looking for a couple of days off. Read more »

  • 21 Jul 2014 at 2:34 PM

Dan Loeb Pretty Sure Argentina’s Got This

Argentina has nine days to pay Paul Singer—or does it? Sure, a second default in 13 years will probably keep the country from tapping the international debt markets until President Cristina Kirchner’s son Máximo follows father and mother into the Casa Rosada in nine to 13 years or so. But who needs to make good on one’s commitments when one can just loudly proclaim that one has done so without actually doing so and then call on Xi Jinping and Vladimir Putin for a bailout? Read more »

Happy Birthday, Dodd-Frank! You’re four years old and useless—nay, worse than useless—and Rep. Jeb Hensarling and his fellows thinks still think that the perfect gift is a dose of euthanasia with a side of not doing anything else, as they explain in a new 100-page Hallmark card. Read more »

Because the bank does not want Judge Astrid Nungesser to do that for it. Read more »