Earlier today on CBNC, Jim Cramer pitched an idea that he thinks could end Bank of America’s problems: beg a billionaire to vouch for you. Just like Goldman Sachs got Warren Buffett and Citi has Prince Alwaleed bin Talal, Bank of America needs someone to get out there and say to the markets, “It’s okay, these guys are cool.” Personally, Cramer likes the idea of Carlos Slim, telling his colleagues “You know we forget he’s the world’s richest man…if the guy wants to make a statement that says America is the place to invest, hey, Bank of America…would that not be an interesting match?” Having said that, Slim may not be into the idea and backups should be considered. The following represents a very rough short list of people, whether they be billionaires or individuals who simply inspire confidence either through charm or fear with whom we think Brian Moynihan should consider taking a lunch. Read more »
Paulson! Simons! Soros! Cohen! Icahn!** Tepper! The gang is all here and while making the list might be a ho-hum event for some, for others, like a guy who employs a dancing and singing pig on his household staff it’s a moment they weren’t sure was going to come, had the list been published after April 15. Read more »
Carlos Slim has been crowned the richest man in the world, by Forbes, with a net worth of $74 billion. Bill Gates clocked in second place, with Warren Buffett backing up the trio. In related news, put your hands up for billionaires in general, whose total wealth rose 25% to $4.5 trillion! Here’s the Top 20: Read more »
* A grand opening that involve waitresses toting giant trays of ice cream, batons, “dancers sporting vermilion fright wigs parading on stilts,” white balloons embossed with the legend JOIN THE REVOLUTION!
* A pooch-friendly environment
* A disco-themed lobby
* A founder who lives in an “Italianate mansion in New Jersey”
* The Meredith Whitney stamp of approval
Vernon Hill knows. And he’s got just the place for you. Read more »
So, Bill Gates and Warren Buffett has this thing called the “Giving Pledge,” wherein the super rich promise to donate at least half their money to charities. The latest version of the list was recently released and it includes names like Jim Simons, John Arnold, Pete Peterson, Sandy Weill. Please take a moment to offer a golf clap for those guys. Read more »
Tomorrow, Forbes will release its annual list of the richest billionaires in the world. Who will take the number one and two spots? The CNBC brain trust has crunched some numbers and is guessing it’ll be Gates, followed by Buffett. This is all pretty upsetting to everyone in the Oracle’s camp, as it would mark the second year in a row WB came in second place. Read more »
Forbes dropped its list of the world’s most powerful billionaires and none other than Hizzoner holds the first spot, thanks to a fortune estimated at $17.5 billion and an ever-growing media empire, and the fact that he doesn’t take shit from anyone.
Check out who else made the list. Anyone overlooked?