changes

point72 asset management Over the last several years, as nearly a dozen former SAC Capital employees have been convicted of securities violations, the firm has taken many steps to redefine its image, from one of a bastion of insider trading to one where such actions are not only frowned upon but strictly prohibited. Such steps include but are not limited to: paying over $1 billion in fines; changing its name; and turning itself into a family office. Last month, Point72 Asset Management, AKA the hedge fund formerly known as SAC, even went so far as to announce that it would be monetarily compensating employees for “setting a proper tone and example on compliance and doing the right thing.” You’d think that all of these things– including the fact that a whole bunch of ex-SAC employees are doing time– would go far to deter people currently working at the hedge fund from engaging in insider trading. And yet, someone in Stamford apparently thought it was necessary still to take away one final temptation from them. Read more »

Some signs you might be in for a career change:

  • You call in sick to do Crossfit
  • You wear your Crossfit clothes under your work clothes
  • You fantasize about doing Crossfit
  • The only time you’re happy is while doing Crossfit

Jay Adams knows what we’re talking about. Read more »

  • 07 Apr 2014 at 3:16 PM

It’s Really Happening


[@ilovestamford via @sallypancakes, earlier]

Walk into almost any Hooters and it’s easy to see why some women might be creeped out. Wall-to-wall dark wood. Posters of bikinied Hooters girls. Titillated guys downing pitchers of beer and making cracks like: “They have great wings.” When Chief Executive Officer Terry Marks was hired last year to make over the chain, he found women also were steering clear because the menu was stale, the restaurants were dated and the food was overpriced. Marks wants to remove the Hooters stigma so men aren’t embarrassed to put the chain on an expense account and women aren’t as quick to veto a meal there…Marks insists Hooters will be every bit as sexy as always and that the iconic uniforms are there to stay. Instead, he’s freshening up the menu, creating a night scene and bringing more light into the restaurants to make it clear there is nothing to be ashamed of. [Bloomberg]

  • 03 Aug 2011 at 6:17 PM

Layoffs Watch ’11: RBS

RBS has a new internal motto called “Change the Bank.” What do the changes entail? Ixnaying on ealsday ikelay ABN AMRO-ay and firing a couple thousand employees. Read more »