• 27 Sep 2011 at 11:57 AM
  • Banks

Morgan Stanley Joins Goldman Sachs In FirmScaping

Back in August, it was revealed that Goldman Sachs had added a disturbing element to its cost-cutting efforts: plant murder. The lobby philodendrons? Gone. Boston Ferns by the elevator? To the dumpster. The third floor Geraniums that lined the windows? Left for dead.

The While every bank on Wall Street is bracing for serious reductions in staff, compensation and “extras,” Goldman had been the only one to date that choose to commit genocide to help its bottom line. Employees were, understandably, shocked by the decision, which reportedly “provoked disquiet at the bank,” with some putting their jobs on the line to “block the move, leading to a stand-off between the plant pickers and staff. In some cases, a solution was found only after employees agreed to sign forms guaranteeing to take responsibility for particular plants.”

At the time, other institutions scoffed at the seemingly heartless move to save a few bucks, claiming you’d never catch them following suit. And yet? According to the Times, Goldman is not alone. Read more »

  • 22 Feb 2010 at 10:30 AM

Tim Geithner’s New Image: Just One Of The Girls

As you’ve probably noticed, Tim Geithner’s had a pretty tough go of it lately. People are pissed at him about the bailouts, no one will get off him about AIG, many feel he “coddles” Wall Street and rarely a day goes by that the Treasury Secretary’s ousting is not called for, and not just by pissants on the internet. His job doesn’t actually seem to be in any actual danger at the moment– according to Rahm Emanuel, “The president’s view is that Tim is one of the stars,” but clearly something needs to be done about how the public sees TG. To show them he cares. That he “gets” it. That he’s just one of them. But how? An article this morning concerning T. Geith’s “charm offensive” included the following photo of Mr. Geithner, touring a supermarket in Philadelphia with Michelle Obama:

Our initial thought: what the hell? How is Tim Geithner mixing it up at the grocery store and smiling maniacally at a bunch of produce going to endear him to the public? Then, a few lines later, this:

Mr. Geithner says even his wife has urged him to show more emotion in confronting the banks.

So, okay. Grocery stores…not being afraid to show his feelings….he’s not working the…vagina angle is he? No, come on. You’re making huge leaps in logic here, we said to ourselves. We actually almost started to feel guilty for coming to such gender stereo-typing conclusions, and would’ve continued to do so, if the next thing we saw hadn’t been this:

Read more »