contracts

As many of you well know, a time-honored tradition on Wall Street is complaining about the size of one’s bonus. It’s a ritual that financial services employees look forward to their whole year and occurs not only in bad times but in good. So cherished is the annual bitching o’ bonuses that even if one is paid an extremely handsome sum, to find out the guy or girl sitting them received $10 or $20 dollars more is to trigger a response that involves angry typing to a colleague about the injustice and a hissy-fit of impotent rage punctuated with threats of considering options elsewhere. According to Lloyd Blankfein, though, Goldman Sachs employees are different and recognize that if they have to make a little less money here and there, it’s for a greater good. Read more »

In case you had forgotten, Steve Cohen owns a small slice of the New York Mets. And like Bobby Bonilla, Mo Vaughn and Oliver Perez before him, the team may be stuck with Cohen, reports the Times. Read more »

  • 29 Jan 2013 at 11:46 AM

First Food Eating Challenge Of 2013: Underway


It’s another vending machine challenge and you know how we feel about those (too much time, not enough food, doesn’t put hair on anyone’s chest) BUT it does involve a contract (described as “amazing” by the half of Dealbreaker that was at one time licensed to practice law in New York1), the terms of which state that in the event of a loss, the loser will pay for a lunch he’s not invited to, so we’ve got award points for that. Read more »

Until 2007, investment manager Andrew Oberwager and his girlfriend Karolina Stefansi were a happy, highly educated couple in love. Oberwager was a PM at Columbus Circle Partners, who had earned the right to not only put the letters C, F, and A after his signature, but M and D as well, having graduated from Harvard Med school before getting into investing. Stefanski, left, was a former Playboy model from Germany, who had earned her journalism degree from Suffolk University (the $33,000 tuition for which Obes covered). Thing were good. Then MDCFA maybe supposedly started an affair with a chick from Texas he met online, a relationship Stefanski was not cool with even though it probably meant nothing to Oberwags (i.e. he didn’t put her through vet school) and she took it to mean that upon breaking up, she was entitled to write herself a check from his account for $80,000.

Stefanski…contends the blank check was for her personal use. She wrote it out for $80,000 when she decided to return to Germany….Attorney Kurosh Marjani is arguing, however, that Stefanski had no authority to write out a blank check for $80,000. The blank check was meant to pay for household expenses, Oberwager testified Tuesday

Also? He wants the $33,00 back, too. Plus interest. Read more »