• jefferies


    Get Ready To See A Lot More Instances Of Jefferies MDs Sidling Up To Analysts And Awkwardly Asking, “Soo…You From Around These Parts?”

    …per the instructions enclosed in a letter sent out by CEO Richard Handler and Chairman Brian Friedman. The short version: Treat junior level employees like they are humans and not life-sized pieces of garbage. The longer version:

    / Sep 8, 2014 at 4:13 PM
  • Daddy Dougan's got a treat for you all


    Pay Hike Watch ’14: Credit Suisse

    After having monitored the situation, the House of Dougan has decided its youngest members will be getting base pay raises.

    / Sep 5, 2014 at 3:16 PM
  • Citigroup


    Bonus Watch ’14: Citi Mistmakers

    The youngest members of the House of Corbat got a little extra something in their stocking (beach bag? man or lady satchel? giant canvas sack with a dollar sign on it?) this time around.

    / Aug 22, 2014 at 2:25 PM
  • evercore-260x59


    Bonus Watch ’14: Evercore Junior Mistmakers

    Update: These are the numbers being rumored, which people are said to be “generally pleased” with, though the official ones are not expected until later this week.

    / Aug 13, 2014 at 12:48 PM
  • dickboveoffice


    Dick Bové Has Whittled His Long List Of Offers Down To Three Lucky Firms

    Dick Bove, the bank analyst whose brokerage, Rochdale Securities LLC, is struggling to survive after an unauthorized $1 billion Apple Inc. trade, said he’s been interviewing for a new job. Bove said he has narrowed his choice to three firms, which he declined to name, and will make a decision by about Dec. 15. The 71-year-old analyst said he’s giving Daniel Crowley, Rochdale’s chief executive officer, time to seek rescue financing after a loss on the Apple trade decimated the firm’s capital. “I indicated to them that my loyalty is with Dan Crowley and so I couldn’t make a decision until Dan threw in the towel,” Bove said today in a telephone interview. “The decision I make is really based on whether I want to stay with a small firm and write what I’m going to call provocative research or whether I want to go back in the general Wall Street milieu, dealing with corporate finance issues.” [Bloomberg]

    / Dec 7, 2012 at 3:31 PM
  • News

    Meredith Whitney: Citigroup Should Just Give Up

    Earlier today, we wondered if, in light of the news that Vikram Pandit had resigned as CEO of Citigroup, analyst Meredith Whitney’s opinion of the bank had changed. Choice comments that Whitney has made about the Big C in the past have included: “Citigroup is in such a mess Stephen Hawking couldn’t turn this company around”; “Citi is like an old broken-down Victorian house”; and Citi “has no earnings power, isn’t going to grow, hasn’t been investable in four years.” She also once told Maria Bartiromo that the only way she’d change her mind about company would be if she received “a new brain.” Still, sometimes analysts change their tune when new blood is brought in and, like former FDIC chair Sheila Bair, perhaps some of her beef with the bank had been a personal dislike of Uncle V. Now that he’s gone, is she seeing Citigroup in a new light?

    Not so much, no.

    In the wake of CEO Vikram Pandit‘s surprise departure this morning, Whitney, founder and CEO of Meredith Whtney Advisory Group LLC, issued a note cautioning clients to be wary of Citigroup even under new leadership. “Citigroup is ‘the incredible shrinking bank,’ and the least interest of the big four, in our opinion,” Whitney said. “No CEO will be able to change these facts in the near-term. It appears the board feels the same way, as they have appointed an unknown to the outside to the new CEO position, Mike Corbat.” […] On Tuesday, the stock has wavered between gains and losses on heavy trading volume in reaction to Pandit’s resignation. Shares are up 29% this year through Monday’s close. Despite signs of incremental improvement, Whitney isn’t backing down from her bearish stance. “Any seat in Citigroup’s court should come with a warning label,” Whitney says.

    Meredith Whitney: No CEO Can Fix Citigroup [WSJ]
    Earlier: Meredith Whitney Cannot Stress Enough How Little She Thinks Of Citigroup

    / Oct 16, 2012 at 3:57 PM
  • News

    Analyst: In 5-8 Years, Dan Loeb Will Be Gathering Evidence Revealing Mark Zuckerberg Made False Claims About Dropping Out Of Harvard

    Facebook will lose dominance as a major web company in less than a decade, Eric Jackson, founder of Ironfire Capital said Monday on CNBC’s Squawk on the Street. “In five to eight years they are going to disappear in the way that Yahoo has disappeared,” Jackson said. “Yahoo is still making money, it’s still profitable, […]

    / Jun 4, 2012 at 4:27 PM
  • I just...what?

    Serious Business Network Brings In Big Guns For Facebook IPO

    When you’ve made the executive decision to turn your business channel into the Facebook IPO Show, it can get difficult figuring out how to fill every second of airtime. Obviously there will be breathless coverage from every conceivable angle, a countdown clock, and segments on “the evolution of social media,” “advice for Mark Zuckerberg,” the emotions surrounding a delay in trading, venture capital’s feelings about Facebook, “what’s the deal with Facebook’s private shares,” how “Facebook makes its employees happy,” “networking Facebook’s ecosystem,” Mark Zuckerberg’s Facebook profile, and whether Facebook is “your friend or foe.” But with the tech analyst who agreed weeks in advance to have Mark Zuckerberg’s face tattooed to his ass live on-air while network anchors discussed the significance it might have on how Facebook would close on its first day of trading backed out at the eleventh hour, CNBC found itself with a gaping hole in programming. Luckily, an unnamed producer who should win an Emmy for his or her work had the bright idea for this:

    In the above clip, CNBC travels to Mackay Elementary school in Tenafly, NJ to pick a bunch of 8 year-old analysts’ minds on FB. Questions include:

    * “Is Facebook cool? If so, how long will it be cool for?”
    * “Would you rate Facebook a buy or a sell?”
    * “How much would you spend on one share of Facebook” (Answers include $150 and $1,000)
    * “Is it appropriate for a CEO to wear a hoodie? Would you take a guy in a suit more seriously?”

    / May 18, 2012 at 3:48 PM
  • News

    Financial Analyst Caught Cheating Not ‘Humiliated’ Enough To Pass Up Chance To Regale World With How ‘Fun and Naughty’ It Feels To Be Such A Playa

    JB is a 27 year-old financial analyst who was recently dumped by the two girls he was seeing, both without the knowledge of the other. Girl number one was a “conservative Upper East Side Ivy League grad who works in finance” who he’d been with for a year. Girl number two was a “quirky Park […]

    / Jul 8, 2011 at 4:24 PM
  • News

    Dick Bové: Banks Are Entering A ‘Golden Age’

    Not only have they “completely restructured their balance sheets,” and have increased earnings of “about a 20 percent rate per year” to look forward to but that business with the foreclosure stuff? “Those are legal problems, not financial problems.” Bové’s only regret is that Ken Lewis isn’t here to see this.

    / Jan 13, 2011 at 5:19 PM
  • News

    Is Bloomberg Trying To Start Shit With Meredith Whitney?

    Don’t want to jump to any conclusions here, only asking because that seems to be the case with today’s essay entitled “Whitney Falters in Trying to Repeat Success of Citigroup Call.”

    / Oct 6, 2010 at 10:55 AM
  • News

    Mike Mayo Already Has His Outfit Planned For Friday’s Big Date With Vikram Pandit

    It’s common knowledge among womenfolk that when one has a big date or otherwise nerves-inducing event to attend, the best way to tame those butterflies is to wear something that makes you feel hot (and/or do some shots beforehand). When you look good you feel good and when you feel good you can focus on […]

    / Sep 27, 2010 at 10:49 AM
  • News

    Caption Contest Monday

    Dick Bové, who takes what he refers to as “extreme positions,” in his Florida home office. [NYT]

    / Sep 13, 2010 at 11:15 AM
  • News

    Some Analysts More Amped Than Others About The Goldman Sachs Settlement

    Brad Hintz, for instance, is so pumped he might very well throw his back out. Bank of America Merrill Lynch said it upgraded its rating on Goldman Sachs to “buy” in a note to clients following the agreement yesterday. The settlement is “palatable” and the “probability of further action against Goldman Sachs” is much lower, […]

    / Jul 16, 2010 at 12:25 PM
  • News

    Blankfein Face: The Next Generation

    A couple weeks ago, we brought to your attention Lloyd Blankfein’s face. It’d been on display at the Financial Crisis Inquiry, in all it’s whatchu talkin about Willis/you people are idiots/I could kill you and nobody would know about it glory. The stink eye, the scrunched face, glaring like nobody’s business at anyone who happened […]

    / Feb 2, 2010 at 3:53 PM
  • News

    New Wachovia CEO Steel Turning Things Around, Starting With Company Morale

    Finally, someone has started to think outside the box re: team building exercises. Didn’t think it’d come from Wachovia but so be it; the rest of you, take notes! As part of a WB “pep rally,” new-hire analysts were forced this morning to stand on their chairs and shout “I Love Wachovia,” while dancing. Following […]

    / Jul 16, 2008 at 9:49 AM
  • JPMorganChase

    That JP Morgan Analyst Who Maybe Gave You A Ride Home Last Night

    “The funny part is, getting a position as an analyst at JP Morgan was far easier than becoming a hack,” a JP Morgan analyst tells Time Out New York this week. It’s their “secret lives” issue, detailing the various double lives of New Yorkers. There’s the happily married guy who loves the happy-ending, the lawyer […]

    / Mar 6, 2008 at 11:45 AM
  • DealBreaker Career Center

    Job of The Week: Make The Debt Markets More Transparent

    We like to end every week with a special gift for our readers: we’re finding you a new job. So we spent part of the afternoon combing through our Career Center in search of the most interesting jobs. There are dozens to choose from, all categorized according to specialization. But one special one has been […]

    / Feb 15, 2008 at 3:19 PM

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