And the award goes to… Continue reading »
awards
If you’ve checked out Bloomberg‘s “richest hedge funds” story today, you may have noticed a sidebar of the “top emerging-market hedge funds.” Number one on that list? Mr. Ping Jiang, founder of Ping Capital Management. Dealbreaker readers will not be surprised; we’ve been exclusively tracking the performance of Jiang all year and the returns have been consistently of the kick-ass variety. Still, it’s nice to see Jiang’s efforts recognized. Having said that, it’s not enough. That’s why today we want to present Ping with an award that reflects what he’s had to do to get to this place. Continue reading »
HSBC Employee Would Like To Congratulate Management For “Coming Up With A New Way To Screw Employees”
By Bess LevinIn 10,000 words:
A bank that really takes pleasure in proudly advertising any award it gets, howsoever ludicrous the honour, is HSBC. One honour it’d loath to advertise, but unarguably deserves the most is the bank that most royally screws its employees. It is no secret that HSBC’s senior management gets paid ridiculous amount of compensation. What however is not well known is how shoddily the junior and middle level staff is paid. One rather remarkable fact is that on parameters like average employee salary and percentage of profits paid as staff compensation, HSBC is in line with the best paying investment banks. However, the salaries of its junior-middle level staff are right there at the bottom of the industry. Their loss is “senior management’s” gain, the bureaucrats who spend most of their time strategising and talking vision.
A Suggestion For Anyone Looking To Recognize Vikram Pandit For Doing Okay To Fairly Decent Job With Citi
By Bess Levin
Money talks, bull shit walks.
Running Citi for the last two and half years has been, let’s just call it, something of a thankless job for Vikram Pandit. He’s been cut down by fellow CEO’s, on several occasions one analyst in particular has left him bound and gagged on the floor of his office, and the board shit all over his horticulture ideas. Plus, there’s been the matter of the US government coming in and thinking it’s running the place. All in all, Uncle V’s tenure has been no picnic, especially considering the fact that 1) this was not the gig he signed up for (that one being $1 billion to sit around and tell Zoe Cruz jokes) and 2) no one’s even thought to maybe pat him on the back for the place not going out of business, which it almost shockingly did not. So it was nice to see Euromoney name him Banker of The Year, an award they bestowed upon him for doing “a pretty good job” with Citi. You know what would’ve been even nicer? Continue reading »
Tonight, Jim Chanos is being named the Hellenic American Bankers Association 2010 Executive of the Year. Baby steps!
Steve Cohen is a master trader. Steve Cohen is a lover of art. Steve Cohen has revolutionized the way we look at fleece. Steve Cohen is the victim of a terrorist attack. Steve Cohen is (obviously) a golfer. Steve Cohen is a king. Steve Cohen is this. Steve Cohen is that. People say a lot of things about the grand high poobah of Stamford but you know what factoid about SC never gets mentioned? Continue reading »
Congratulations Alan Greenspan! The former fed chair, who people are hoping will die soon, has won the Dynamite Prize in Economics, which is basically what the Razzie Awards are to the Oscars. Greenspan was awarded the honor as the economist most responsible for blowing up the global economy.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
