• Feet on the table also > no feet on the table.



    ‘We’re Looking For The Next Jimmy Cayne’ Rarely Heard From Bank CEO Search Committees These Days

    Is your bank looking for a new CEO? Are you considering throwing your name in the ring? Do you feel confident you’ve got a pretty good shot? Before you start printing up new business cards, take a moment to make sure you’re not basing your qualifications on outdated ideas re: what search committees value in […]

    / Aug 13, 2013 at 2:11 PM
  • News

    Bonus Watch ’12: It’s Good To Be The Chief. Or The Deputy Chief.

    Fears that executives at the biggest companies wouldn’t get raises befitting their dignity have proven unfounded.

    / Jul 1, 2013 at 3:42 PM
  • News

    Brothel CEO Was A Pretty Nice Boss

    Gristina reportedly ran a top-shelf operation, carefully choosing her stable of women and screening potential clients…the married mother of four took just a 40% cut of her employees’ billings during her 15 years in business — well below the industry standard 50-50 split with working girls, say sources. The madam’s generosity was one of the […]

    / Mar 8, 2012 at 4:42 PM
  • News

    Accused Madam Didn’t Sit Through Countless Meetings Discussing Capital Markets Strategy To Be Treated Like Some Common Pimp

    Remember Anna Gristina/Scotland? To recap, she’s the entrepreneur we were introduced to yesterday whose business hit a bit of a stumbling block when she was arrested by the Manhattan DA and charged with “promoting prostitution” out of her firm’s global headquarters, a whorehouse on East 78th Street. Gristina/Scotland is currently on Riker’s Island, having been unable to post bail, set at $2 million but prior to all this going down, she she was just a (self-described) CEO with big plans and an outlook not so different from her colleagues in the business world. Before being nailed as part of a 5-year investigation, a typical day for Anna included:

    Cursing her commute: “She hated coming to the city,” a friend told the Post.

    Reminding people she was running a Fortune 500 company here: She bragged to her old friends back in Scotland that she was “building an empire.” “I’m a CEO,” she wrote to one pal from her early days in the ancient village of Kirkliston. “Takes a lot of work,” she told another.

    Meeting with colleagues to discuss expansion plans, financing options, and potential IPO timeline: On the morning she was arrested, Gristina/Scotland was “with a friend and Morgan Stanley banker, having been to his office for a meeting to try to raise money to finance what prosecutors believe may be an online prostitution business.” (Anna’s lawyers argue she “was setting up a legal dating business, hoping to rival online titan”)

    Bitching about Obama and how the guy’s adolescent perspective of carried interest was going to screw her over“Hoping to survive Obama,” she said in 2008. “Obama wants people like me to support the rest of America by taxing me more than I am already.”

    Dig a little deeper and you’ll presumably also find Gristina/Scotland also conducted quarterly earnings calls with investors, used all kinds of financial metrics to measure performance of her hooker employees, plotted acquisitions, and tried to cut costs while expanding her global footprint. Basically, she was building a multi-billion dollar company here and if anyone thinks she’s not going to fight these charges and come back stronger they think wrong.

    UES madam had millionaire clients, led life of suburban mom [NYP]
    Anna Gristina: Suburban mom or high-rolling madam? [AP]
    Suspected Manhattan madam Anna Gristina bragged to old friends in Scotland that she was ‘building an empire’ [NYDN]
    Earlier: Manhattan DA Pumps The Brakes On Mom/Madam’s Brothel Just As It Was About To Really Take Off With The Help Of Her Contacts In The Business World

    / Mar 7, 2012 at 11:55 AM
  • News

    If You’ve Been Using The Corporate Jet, Consider Yourself On Notice

    During the height of the financial crisis, like when the shit was really hitting the fan, one thing that was considered a serious faux pas, perhaps even more so than giving out bonuses, was use of the corporate jet by Chief Executives. And not just for pleasure trips but for business, too. If anyone so […]

    / Jun 16, 2011 at 10:36 AM
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    Bank CEO’s Wife: My Husband Loves A Good Rom-Com, Chick-Lit

    Over the summer, Colony Capital’s Tom Barrack penned a breathless letter to employees telling them about the “personal breakthrough” he achieved while reading Twilight. Almost a year ago, Stephen Schwarzman admitted to loving no film genre more than the romantic comedy. And yet, despite these well-known, well-respected and well-endowed (?) businessmen coming forward and sharing […]

    / Jan 26, 2011 at 2:39 PM
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    Business Leaders Of America: Michael Moore Is On To You

    “We have to face the fact that most of America’s CEOs don’t want the economy to get ‘better.’ Because for them, it couldn’t get better—they’ve got profit coming out their ears, while with 9.5 percent unemployment their entire workforce is too scared to ask for a 25 cent-an-hour raise. They’d be happy to have things […]

    / Aug 13, 2010 at 11:40 AM
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    Who Wants To Be A CEO?

    Have you always dreamed of running a company but not exactly gotten it together to amass the necessary qualifications? Have you thought it would be pretty cool to really just be the face of some organization (provided it’s not currently taking a little heat for some unfortunate accidents or being accused of harvesting & trafficking […]

    / Jun 18, 2010 at 1:10 PM
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    Bank CEO’s Opt Out Of Obama Dinner Date, Mid-Tier Hedge Fund Guys Take Part

    Following his pit-stop for wings in Buffalo yesterday, Obama spoke at a campaign fundraiser at The St. Regis hotel, which you might’ve assumed would be attended by top Wall Street brass. Jamie, since they’re buds. Lloyd, because he has to. Vikram, because his plans always fall through. But you would’ve assumed wrong! The bank CEO’s […]

    / May 14, 2010 at 10:45 AM
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    Blind Item: Which Bank CEO Likes Get Kicked In The Balls?

    Literally, and not like, as a metaphor for the markets repeatedly slamming his nuts in a drawer. From today’s Sex Diary: B, the CEO of a bank, likes for me to kick him repeatedly in the testicles. I threaten him with my two pink dildos, Fat Man and Little Boy. Sometimes I’m disturbed by the […]

    / Feb 8, 2010 at 2:08 PM
  • News

    Gunfight At Davos

    It’s getting ugly in Davos. As we wrote previously, everybody is mad at everybody and the booze is missing, which is not helping people’s mood. (Except for Vikram, who, as a commenter noted, looks in the CNBC interview “like he’s sitting in the Zen garden of his dreams.”) “Both the banks and the regulators think […]

    / Jan 29, 2010 at 3:43 PM
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    Davos Attendees Pissed About Lack Of Free Booze

    So here’s what really’s pissing off Davos attendees. It’s not some bankers’ behind-the-door plotting. It’s not the endless convos about whether breaking up the banks is a good or a bad thing and it’s not how to help Haiti. Nope. None of those trivialities. What people are really angry about is that this year -just […]

    / Jan 28, 2010 at 2:51 PM
  • News

    Buffett Has The Answer

    Watch the latest business video at “Make it so that the CEO of an institution that fails, or goes to the government and needs help, really gets destroyed financially.” He also “thanks the Lord for Bernanke” and says that “Geithner is terrific.”

    / Jan 21, 2010 at 4:29 PM
  • News

    You Better Ask Your Father

    We can think of few rituals less desirable than appealing to a Swiss parent (or regulator) for money. Perhaps anesthetic-less amputation in a jungle field hospital, or clinical trials for hemorrhagic fever vaccines might qualify. So we do not much envy UBS, which, after a difficult year or two, has to come begging Swiss authorities […]

    / Nov 6, 2008 at 2:46 PM
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    Sarbanes-Oxley: Fooling More Of The People More Of The Time

    While the costs of Sarbanes-Oxley continue to mount, the law’s defenders enjoy claiming that it has performed the vital job of restoring investor confidence in the wake of the corporate scandals. No doubt those defenders will be heartened by a new study that shows that 62 percent of corporate executives agree that the law strengthened […]

    / Jun 24, 2008 at 1:11 PM
  • News

    Prince, Cayne, Moz: You Have No Idea How Much This Is Killing Them

    You know who we’ve been too hard on lately? CEOs. We (me, you, all of us) haven’t walked a mile in any of their shoes and yet we sit here, day in and day out, looking at them, and judging them, and criticizing their every move. So they collectively lost zillions of dollars and thousands […]

    / Jun 4, 2008 at 3:09 PM

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