Choice number one: everyone starts earning more money for the bank, following an exhilarating pep rally run by Corbat in the cafeteria involving senior executives shooting Citi swag into the crowd out of tee-shirt guns, cheerleaders, and a Spartacus Workout demo with before/after shots of MC, meant to inspire people and show them what they’re capable of if they really put their minds to something. Choice number two: Bank of America-style layoffs. Read more »

  • 29 Nov 2010 at 11:17 AM

Nouriel Roubini: Spain “Is A Big Elephant”

“It is quite likely that Portugal” will be next in line for a financial assistance, Roubini said today in Prague at a conference of chief executive officers sponsored by ING Groep NV. “The big elephant in the room is not Portugal but, of course, it’s Spain. There is not enough official money to bailout Spain if trouble occurs.” [Bloomberg]

  • 27 Aug 2010 at 11:20 AM

Steve Cohen Talks GOP Strategizing Over Chips ‘N Dip

This is the moment we’ve been waiting for. The Big Guy is running for office. No, just fucking with you (for now…). The SAC Capital founder just had some buddies over the other nights- among them, Caxton Associates’ Bruce Kovner, Elliot’s Paul Singer, Daniel Senor of Rosemont Capital and “various GOP operatives”- to discuss “how best to deploy contributions” so Republicans can win the midterm elections. Read more »