embarrassments

  • Hedge Funds

    Bill Ackman: This Is The Year Bill Ackman Finally Dances On Herbalife’s Grave

    The Pershing Square chief knows you’ve heard it before. And before that. And, yes, he knows that sometimes, he gets a little carried away when talking about this particular no-doubt-about-it-any-idiot-can-see pyramid scheme. That he’s been a touch overoptimistic at times. Maybe even a bit, shall we say, hyperbolic? But none of that matters anymore. 2014 […]

    / Jan 13, 2015 at 3:18 PM
  • Banks

    European Banking Authority Also Forgot To Carry RBS’s 1

    The Scots got a little arithmetical tutoring, because not everyone grading their stress-tests is up-to-snuff on the finer points of adding and subtracting.

    / Dec 18, 2014 at 10:00 AM
  • williambryanjennings-260x260

    News

    In Wake Of Exec “Accidentally” Stabbing A Cab Driver, Morgan Stanley Insists You Ask, “What Would The Post Say?”

    A year ago this Friday, a Morgan Stanley banker named William Bryan Jennings attended a couple holiday parties, drank a few Coors Lights, and around 10:30PM hailed a cab and asked the driver, Helmy Ammar, to take him home to Connecticut. On the way, a hungry WBJ requested they stop at G&G Deli off 10th Avenue, where he bought “a 20 oz. bottle of Aquafina water, a sandwich and some Burger King cheesy fries.” As the cab entered approached Jennings’ hometown of Darien, a dispute reportedly broke out as to what the fare for the ride would be. Ammar claims that they’d agreed on $204 before leaving Manhattan, but once in Connecticut, Jennings said he’d only pay $50. Jennings claims that Ammar jacked the price up to $300 and was unhappy when the banker offered $160. Another matter of he said/he said is whether or not Jennings started shouting racial slurs at Ammar and told him, “I’m going to kill you. You should go back to your country!” (Jennings denies this happened and says that Ammar locked the doors and wouldn’t let him out of the cab.)

    The one aspect of the story that is not in dispute is that as tensions flared, WBJ whipped out a pen knife he had in his pocket. For those of you reading from Morgan Stanley, this is where the teachable moments occurs: if you ever find yourself in a situation wherein you’re winding up to stab a cab driver in the hand, stop and ask yourself, “Is this going to look bad in the Post tomorrow morning?” Jennings did not and now this is happening:

    / Dec 19, 2012 at 12:36 PM
  • News

    The Night We Met The Lloyd Face In Real Life, Part II

    Last night Daily Intel Jessica and I met Lloyd Blankfein’s face. This is how it went down. Please read Act I here. Scene: The Financial Times/Goldman Sachs Business Book of the Year Awards. The Pierre Hotel. Night. Characters: Andrew Ross Sorkin, Lloyd Blankfein, Intel Jessica, Dealbreaker Bess, PR People, Assorted Nerds from the worlds of […]

    / Oct 28, 2010 at 5:56 PM
  • News

    Stuyvesant Town Hurt Larry Fink On Very Deep Level

    When big money mangers make decisions that result in clients getting screwed, most people assume said managers don’t really give a rat’s ass. They still have their vaults of hundos to console them, and while they often write letters and release statements saying they’re sorry, that they want to regain investors’ trust, and so on […]

    / Mar 2, 2010 at 3:22 PM

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