Jon Shazar

Posts by Jon Shazar

Workshop it, damnit!Eight years ago, there was much handwringing over the plan. Such as, won’t this violate the Foreign Corrupt Practices Act and lead to an extremely embarrassing criminal investigation one day? And, how we will make sure that the brain-dead progeny of the people we need don’t lose us too much money? Read more »

He's ba-ack.For more than a year, Herbalife’s biggest booster got his kicks kicking Bill Ackman while he was down, gleefully touting how he had been proven right about the world’s favorite diet shakes time and time again, while the Pershing Square founder had been proven the opposite, also over and over again. But at the beginning of the year, it occurred to Tim Ramey that repeatedly sticking his finger in Bill Ackman’s eye is really no way to live, and that he should try to do something constructive with his life, like corporate consulting.

But as he’s watched Ackman’s hopes get up and then dashed once again, Tim realized it is foolish to deny one’s passions. And so while he’s keeping his office over at Post Holdings, he’s ready to publicly sing the praises of his favorite multi-level marketing company once again, giddily predicting just how much more money Ackman is going to lose. Read more »

Don't get too comfortable, Mel.The embattled Yahoo! chief, in the wake of the first good news she’s gotten in the past two years, told activist hedge funds where to stick it this week. Well, one such hedge fund manager is returning the favor. Read more »

It says so somewhere in here, I'm sure of it! Just give me another minute to find it.Jordan Peixoto, friend/insider trading bud of worst roommate ever Filip Szymik, is ready to argue that the SEC’s administrative proceedings against him for insider trading, in Herbalife, are a violation of all of the U.S. Constitutional rights he learned about in Canadian civics classes. Read more »

  • 21 Oct 2014 at 3:06 PM
  • Banks

De Blasio To Dimon: F*ck You And F*ck Your Tax Breaks

jamie-dimon (2)JPMorgan Chase’s cap-in-hand routine isn’t flying with the Big Apple chief. Read more »

If you're good, that is.Unless that place is at the SEC cashier’s office, when your (probably former) employers are paying a fine that your actions helped incur. Otherwise, start planning to buy yourself something nice circa 2025. Read more »

Gotta do what I gotta do.John Paulson has a problem: He took a huge bath when AbbVie decided not to buy Shire because, even though it was ready to pay $54 billion for the company, the Irish pharma was basically just a tax shelter to Shire, and of the sort that is no longer kosher in the precincts of the U.S. Treasury Department. Now, John Paulson is Shire’s third-largest shareholder, and 30% drops in a company in which one is the third-largest shareholder are the kind of thing likely to produce something approaching panic in a hedge-fund manager.

John Paulson also owns a lot of Allergan shares. You may have heard of Allergan, either because it makes Botox, or because Bill Ackman talks about it a lot.

John Paulson has been listening closely to what Bill Ackman says about Allergan, which is that the company should take Valeant Pharmaceuticals $53 billion (or more?) offer and that if it doesn’t, he’s going to throw out its entire board and make Allergan take the deal. And John Paulson likes that plan. He likes it a lot. But he’d like it even more if all of those Shire shares he owns would one day be worth as much as they were when he bought them, all of those months ago, when tax inversions were the order of the day. And he has an idea on that front… Read more »

If CalPERS Is Doing It, It Has To Be Good

lemmingsThe California Public Employees’ Retirement System insists that it’s not firing all of its hedge funds because they aren’t worth the 2%, let alone the 20%. But its fellow pension funds, none of whom are CalPERS in terms of size or in-house capabilities, noticed a very clear nod-and-wink in their direction. And so, having followed the herd into alternatives, they’re now forming a new herd to abandon them. Read more »