In the heat of the moment, though, the only appropriate thing to do seemed to be to walk back to the club and punch the guy in the side of the head. In retrospect, he understands how that was probably a slightly disproportionate response. Read more »
UBS Employee Sees Now That It Might Have Been A Little Extreme To Put A Bouncer In A Coma For “Making Fun” Of HimBy Bess Levin
Over the last few weeks/months, a decent number of people have gotten their faces ripped off, little known fund managers like John Paulson included. There’ve been a lot of pity-parties, a lot of “why me” and a lot of JO&C. While one could take the approach of telling you to stuff it and take it like a man, we realize in this case, a slightly more sensitive touch is required. So I’m just gonna say this: you’re lucky all that’s been ripped of is your figurative face and not, say, chunks of your actual leg. Read more »
Update 12:49 pm: The Aussies have filed suit against Goldman seeking $56 million in losses and $1 billion in punitive damages.
The Crisis commission is up their ass, the SEC’s civil suit is lingering and the pundits won’t let up.
Now, Goldman Sachs may have to deal with another lawsuit from a bunch of blokes at an Australian hedge fund. Goldman has been tussling behind the scenes with lawyers from the firm, called the Basis Yield Alpha Fund, over a $100 million slice of the Goldman-sponsored Timberwolf CDO that the Aussies bought right before the shit hit the fan. Read more »
James Gorman is taking over Morgan Stanley on January 1 (4th?). Some of you (shareholders, employees) would probably appreciate a little insight from the horse’s mouth as to how he’s planning on running the place, etc. We’re not going to give that to you. What we will share is Jimbo’s favorite track to blast while hitting the bag.
During the financial crisis, Mr. Gorman…blew off steam by hitting a punching bag in a gym while listening to music. With “Back in Black,” by the Australian band AC/DC, playing, Mr. Gorman said, “you’ll definitely go faster.”