• News

    Robust Christmas Tree Sales Mean… Something? Maybe?

    The early numbers aren’t encouraging in terms of holiday sales. But let’s ignore them and rely on this instead:

    / Dec 21, 2012 at 3:04 PM
  • saccapitalfleece


    Things Could Be A LOT Better At SAC Capital Right Now

    Back in October, we detailed a list of things that, if you are the hedge fund manager who goes by the name Steven A. Cohen, you really don’t want to hear first thing in the morning. They included: “The fleeces are on back order”; “Your ex-wife is in the lobby”; “There’s a photographer here who said he’s been authorized to shoot you wearing a king’s robe and crown for a set of playing cards”; “You’ve been outmaneuvered for the Toledo Mud Hens. But I hear the Binghamton Mets may be available.” Today we must update that list to include another thing, perhaps THE thing,* that people delivering news to Cohen don’t want to relay. Paraphrasing but any variants on: “Mr. Cohen, we’ve received a Wells notice and by the way, they’re considering naming you personally.”

    / Nov 28, 2012 at 11:49 AM
  • News

    Leon Cooperman’s Beef With President Obama Involves An Unsolicited Copy Of His 14 Year-Old Granddaughter’s Self-Published Memoirs And Not One Handwritten Thank-You Note In Return

    Last November, hedge fund manager Leon Cooperman penned an “Open Letter To The President Of The United States of America,” in which he detailed the many ways Barack Obama was pissing him off. The Omega Advisors founder accused the President (and his “minions”) of engaging in class warfare, expressed disbelief that he could attack “capitalists who…fill store shelves at Christmas” and still sleep at night, and advised Obama to “eschew the polarizing vernacular of political militancy,” lest he lose* Cooperman’s vote the next year.  While LC says that he received a major outpouring of support for his words (“[he] keeps a bulging manila folder of congratulatory notes in his office”), others were less than pleased at what they saw as a guy who actually has done pretty okay under Obama lashing out because his feelings were hurt on the occasions the president was perceived to have a “tone” in his voice when discussing the mega-wealthy (“If I knew where you lived, I’d put a bomb in your car,” one person wrote Cooperman to say). Similarly, Cooperman’s suggestion, on at least two occasions, that America should be worried about the startling parallels between Obama’s rise to power and that of Adolf Hitler,** was met with mixed reviews, including one by his wife in which she called him a “schmuck.” And while some*** have found it preposterous that Cooperman would paint himself as a victim of Obama, their astonishment speaks to not knowing the whole story, i.e. exactly what this man- no, this monster- did to Leon.

    Last July, before he had written the letter, Cooperman was invited to the White House for a reception to honor wealthy philanthropists who had signed Bill and Melinda Gates and Warren Buffett’s Giving Pledge, promising to donate at least fifty per cent of their net worth to charity. At the event, Cooperman handed the President two copies of “Inspired: My Life (So Far) in Poems,” a self-published book written by Courtney Cooperman, his fourteen-year-old granddaughter. Cooperman was surprised that the President didn’t send him a thank-you note or that Malia and Sasha Obama, for whom the books were intended as a gift and to whom Courtney wrote a separate letter, didn’t write to Courtney. (After Cooperman grumbled to a few friends, including Cory Booker, the mayor of Newark, Michelle Obama did write. Booker, who was also a recipient of Courtney’s book, promptly wrote her “a very nice note,” Cooperman said.)

    Now do you understand? Now do you understand? Even Hitler would have sent SOMETHING.

    Super-Rich Irony [New Yorker]
    Earlier: Leon Cooperman Doesn’t Like The Tone Of President Obama’s Voice

    *Just messing about him ever being in a position to “lose” it, of course.
    **Settle down, he wasn’t saying Obama IS Hitler, would would be biologically impossible, he was just saying Obama is the second coming of Hitler, which is something people should be aware of:

    “You know, the largest and greatest country in the free world put a forty-seven-year-old guy that never worked a day in his life and made him in charge of the free world,” Cooperman told the New Yorker in May. “Not totally different from taking Adolf Hitler in Germany and making him in charge of Germany because people were economically dissatisfied. Now, Obama’s not Hitler. I don’t even mean to say anything like that. But it is a question that the dissatisfaction of the populace was so great that they were willing to take a chance on an untested individual.”

    ***Mrs. Cooperman, for example.:

    She is still a liberal, a position that puts her in the minority in their social circle. “She can be a socialist because she’s married to a capitalist,” Cooperman says of his wife, who is strongly pro-choice and pro-gay marriage. She calls Todd Akin, Rick Santorum, and Rick Perry “morons,” and she worries about the underclass. “I care more about the disadvantaged people of America,” she said, comparing her politics with those of her husband.

    / Oct 1, 2012 at 1:13 PM
  • News

    We’ve Got Your Office Holiday Party Right Here

    Are you employed by an organization that jumped on the Holiday Party Ban bandwagon back in ’08 and never got off, or chose to downsize what were once magical affairs where anything could happen to a bunch of people milling around in the lobby? This year, do you want all that to change? Do you […]

    / Dec 7, 2011 at 5:44 PM
  • News

    Lynn Tilton: Ask And Ye Shall Receive

    “For many years I had men asking me on the phone each day what I was wearing and what color my underwear was,” Tilton said. “And so I sent out a Christmas card with me in a red lace sort of teddy, and red cowboy boots and a Santa hat, wishing them a Merry Christmas.” […]

    / Oct 31, 2011 at 11:20 AM
  • Banks

    RBS Cancels Merriment Of Any Kind

    As you may have heard, the last several years have not been so hot for RBS. In the last 12 months alone, the bank beat expectation by posting “a bigger-than-estimated first quarter loss” (with a loss of 1.4 billion pounds for the first half), employees have gotten canned, management has already informed staff that 2011 […]

    / Oct 14, 2011 at 10:47 AM
  • News

    Does This Christmas “Dream Wish List” Belong To One Of Your Lady Friends?

    The only thing it seems we can expect re: bonuses this year is that they’ll be all over the place. Hedge funds are looking at slight increase, many banks are looking at a flat to 30 percent decrease and some people’s bonuses will be so bad they’ve inspired code names like The Zeros. It’s nerve-wracking, […]

    / Dec 21, 2010 at 9:57 AM
  • News

    Caption Contest Tuesday: You’re Going To Have To Come Up With Another Christmas Card Idea For Warren Buffett

    Because Boston College business student Kira Vassar already got him to do the reindeer thing. You snooze you lose! Best get working on those matching elf outfits or adult-size baby Jesus getup. [DJ]

    / Dec 14, 2010 at 1:04 PM
  • News

    Greenwich Selectman Asks Paul Tudor Jones To Bail Out Christmas

    Each year at Christmas, Paul Tudor Jones orchestrates a holiday spectacular on his front lawn, spreading cheer far and wide. People travel from all over to see the display (set to music) and the tradition, which last two full weeks, is much cherished among the residents of Greenwich. As discussed last week, Jones-A-Palooza 2010 is […]

    / Dec 7, 2010 at 10:30 AM
  • News

    What Could Paul Tudor Jones Possibly Have Planned For His Christmas Spectacular This Year?

    As many of you may be aware, some of us intimately, each year Paul Tudor Jones holds a Christmas spectacular on his front lawn in Greenwich, Connecticut. Open to the public, it’s become a favorite event for children and adults of all ages, far and wide. After being forced to cancel his Halloween extravaganza this […]

    / Dec 2, 2010 at 12:11 PM
  • News

    David Rosenberg: Your Loved Ones Might Buy You Gifts This Year But They Can’t Be Bothered To Put Any Effort Into The Presentation

    This year, you might be getting an i-Pad but it’ll be handed to you in a plastic bag or not wrapped at all. Rosenberg doesn’t want people jump to conclusions or freak out but this news could indicate several things and the neurotics among us should feel free to read into it meaning: a) You […]

    / Nov 29, 2010 at 1:10 PM
  • News

    Paul Tudor Jones’ Christmas Display Still On High Alert

    The Wall Street Journal‘s Alan Murray went up to CT last night to check out the Paul Tudor Jones Christmas Extravaganza Light ShowTM. He encountered a bit of opposition from the cops patrolling the scene. Having made the same trip last year, I can empathize, and also throw out the question, when you’re putting on […]

    / Dec 24, 2009 at 11:52 AM
  • News

    FYI, Greenwich Connecticut Still Waiting For An Angel

    Last week came the devastating (and, in all seriousness, surprising) news that as a result of the recession, Greenwich’s Christmas lights display would likely be taking a hit this year, having only raised $30,000 for a display that costs a minimum of $45,000 to put on, if we’re talking bare bones, $60,000 if we want […]

    / Nov 30, 2009 at 2:59 PM
  • News

    Calling All You Hedge Fund Angels: Greenwich, Connecticut Needs You, ASAP

    Think the worst is over? Think again. Greenwich, CT is probably going to be forced to cut back on its Christmas lights this year, having only raised $30,000 for a display that costs a minimum of $45,000 to put on, if we’re talking bare bones, $60,000 if we want it done up right. Over 2,000 […]

    / Nov 24, 2009 at 12:25 PM
  • News

    Goldman Sachs Officially Cancels Christmas This Year

    Given that the bank is flush with cash and doesn’t much care what the public thinks of them (except when it comes to kittens), this obviously has nothing to do with fear of populist outcry or certain pissant Rolling Stone writers with vivid imaginations. Rather, this is coming from the top, as in The Big […]

    / Nov 13, 2009 at 10:35 AM
  • Crescendo of Awesomeness

    There Are Now Two Things In Greenwich That Are Visible From The Moon

    Hint: neither of them look as good up close as they do far away. You guys can figure out the first one. The second one is the Paul Tudor Jones Light ShowTM, which we checked out last night on the way to my close personal friend SC’s house for the first night of Hannukah. Video […]

    / Dec 22, 2008 at 2:13 PM

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