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family
Scottwood Capital Decides To Become Family Office After Majority Of Non-Related Investors Redeem
By Bess Levin
For the vast majority of those on the quest to become a Chartered Financial Analyst, there are three tests to be conquered and then they’re set. They’ve gained the keys to the kingdom. Three tests, they think, and you’re in. That’s because these people are not true children of the CFA. If they were, they’d spend their nights, weekends and holidays hosting CFA trivia night with friends, they’d scour eBay for CFA collector’s items, such as the first exam ever given, and they’d know that passing Level III? Doesn’t mean jack. Because after III comes the ultimate test: Level IV, AKA gaining access to Camp CFA.
What is CCFA? A weeklong “retreat” wherein the ultimate charter holders gather to decide who will be given the green light to spend the next 6 months of their lives studying for the next level and who will be punted back to square one. Whereas Levels I, II and III have pass rates that range from (ballparking it) 29 to 53 percent, i.e. anyone can get in, Camp CFA changes the lives of a mere 15 percent of people. And make no mistake, being chosen to attend Camp CFA is viewed as a life changing event. Some might even call it an honor. Continue reading »
In Era Of The Pitchforks, Goldman Sachs Employees Wanted To Give The Ignorant Twits Of The World A Piece Of Their Mind
By Bess Levin
When asked by Fortune why people could possibly want to work at Goldman Sachs, which doesn’t have a free cafeteria like Google or a super nice gym or compensation wildly better than those of some other Wall Street firms, one employee defensively answered, “People on the outside are not aware of the feeling…The sense of family and belonging that comes from working here is like none other.” People, it seems, just don’t get what it’s like to work at a place where you feel safe and warm. Where you can go to Lloyd Blankfein if you’re in trouble. Where everyone’s got your back. And where you have theirs. Meaning you would do anything for them. And by anything, we mean an-y-thing. And not just the standard getting rid of hookers stuff but, just, as an example, putting a cap in the ass of a guy who cut them in line at the movie theater and then suggested they were to blame for the near-collapse of the economy. Which is what some GS employees have been wanting to do for a while, and would’ve if Papa Blankfein hadn’t held them back. Continue reading »
When I think of JPMorgan CEO James Dimon, a few things come to mind. His (devastatingly good) looks. His charm. His jokes. His (alleged) illegal tire dumping. I also think of a guy who takes pride in his roots, which the Dimon family can trace back to a little European country going through a rough patch at the moment. And so I must ask–where the hell is the love? I’m not the only one wondering these things. I was out with some people who are paid to think about such matters last night and they were aghast at the notion hat JD has yet to use JPMorgan to bless Greece with his Croesus touch. People sincerely want to know why he hasn’t offered to buy the place for 1/100th of what it’s worth. For the love of Jimmy Cayne’s roach clip, he did it for Bear’s trailer park of hemp and now, when it’s about family, JD is nowhere to be found? He needs to do something, show some freaking support for C’s sake, and if it’s not the suggestion I just made (which is should be), these are the options he must choose from: Continue reading »
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
