For the most part, Bank of America chief Brian Moynihan is not the type of guy who inspires intense fan frenzy. Lloyd Blankfein has teems of people who want to pinch his adorable cheeks and carry him around in their pocket for good luck. Jamie Dimon has his groupies. But Moynihan? Not so much.

UNTIL NOW. Read more »

Embattled hedge-fund billionaire Steven A. Cohen, whose SAC Capital Advisors is charged with insider trading, paid spiky-haired chef Guy Fieri $100,000 “to be his friend for a day,” a new book reveals. Cohen paid Fieri to drive around Connecticut with him to reenact a fantasy episode of “Diners, Drive-Ins and Dives,” reveals Allen Salkin in his book, “From Scratch: Inside the Food Network.” But after “Cohen paid Guy Fieri $100,000 to be his friend for a day,” Salkin writes the odd couple became so close that the chef’s top-rated show even featured Cohen’s favorite hot-dog spot, the (perhaps appropriately titled) Super Duper Weenie. NYP, October 21, 2013


October 3, 2011

The place: Steve Cohen’s Greenwich, Connecticut mansion. The time: Saturday afternoon. The mood: Freaked out.

“Breathe, Steve, breathe.”

“Everything is going to be fine.”

“Who wouldn’t love you?”

“Boss, I’ve spoken with his assistant, and have been assured that he is extremely excited.”

Steve said nothing but continued rocking back and forth in the fetal position on foyer floor, where he’d been since late morning. The words of his wife, general counsel, and president had done nothing to comfort him, nor did the awkward pats on the shoulder offered by his chief financial officer.

“Honey, at least eat something, please,” Alex implored. That he was nervous about what someone thought of him was concerning enough but the fact that her husband had barely touched his breakfast was officially scaring Mrs. C.

“How about a some toast?” SAC Chief Financial Officer Dan Berkowitz asked. “Just a little bite?” he suggested gently, moving the bread toward Cohen’s lips like an airplane. Normally Berkowitz would never have dared to get that close, but these were unusual circumstances.

Cohen pushed the toast away.

“Come on,” Berkowitz tried again. “Just a little taste, just for us.”

Cohen pushed the toast away harder.

“Steve, really, it’s going to be okay,” Alex told him.

“Easy for you to say!” Cohen shouted, suddenly snapping up off the floor.

“Honestly, boss what are you worried about?” SAC President Tom Conheeney asked. “You’ve wanted this for so long.”

“Yeah, I know, and now I’m sick to my stomach about it!” Cohen shared in an uncharacteristic flash of vulnerability. It was a side of Cohen no one had ever seen before– needy, panicky, plagued with self-doubt– and it was extremely unnerving.

“What if this whole thing was a mistake? What if he doesn’t like me? What if it takes away some of the mystique of the show? What if I get in that car and I can’t think of one thing to say? What if–”

Steve had many more what-if scenarios to share but before he could finish, he was interrupted by the blare of a novelty car-horn. Everyone in the room froze. A look of terror flashed across Steve’s face. The silence was broken only by Cohen’s housekeeper, whose name he could never remember, who he’d tasked earlier that morning with taking the first shift at the window.

“Mr. Cohen!” she shouted. “He’s here.”


November 2007, SAC trading floor. Read more »

While a small group of protesters marched outside Apple’s shareholders meeting this morning over labor practices in China, investors inside were mostly saying thank you. And with good reason. Take Rich Bleyle, a retired teacher attending the annual meeting from Buffalo, New York. He and his wife Mary spent $16,000 on Apple shares in 1997, about the same time late co-founder Steve Jobs returned to the company. Today, the couple has about $2 million worth of Apple shares. Bleyle, wearing a handlebar mustache and wearing a blue t-shirt that said “Macho Man,” said the couple sold only 200 shares since that initial investment and still owns another 3,800…Mark Barchas, who has owned shares for about 14 years, owns an iPhone, iPad, iMac and Apple TV. He’s such a fan that he can’t bring himself to sell the shares, even as they hit record highs. “One time he sold and couldn’t sleep until he bought it back,” said his wife, Kay. [Tech Blog]

  • 05 May 2010 at 5:13 PM

Tim Geithner Has Some Fans!

He likely plied them with free Beast the night before but this still counts!

Geithner stepped onto a stage last week in Milwaukee, where unemployment is about 12 percent, and told 200 cheering college students that “it is excellent to be away from Washington.” “I didn’t really even know Secretary Geithner before the event,” said Allen Brown, 23, a senior from Germantown, Wisconsin, who is majoring in marketing. “He was very impressive” and “reiterated the point very well” that a regulatory revamp is needed.

Of course, he still has some detractors but whatevs, haters gonna hate. Plus, this kid wants to work in HR when he grows up. He’s being trained to hate life and make you want to hate life, too.

Zach Wambold, a 21-year-old from Watertown, Wisconsin, who’s studying human resources management and political science, said Geithner “didn’t offer as much to show his expertise in the field as he could have.”

  • 22 Feb 2010 at 4:06 PM

Some People Actually Like The Volcker Rule

paulvolcker.gifThe Volcker Rule -aka the euthanasia principle- got some fresh backers over the weekend, with five former Treasury secretaries sending a letter to the WSJ to voice their support. While this must be good news (late wedding gift?) for Paul, the former secretaries don’t add much to the initial argument. They’re just reiterating what Paul’s been saying from the start: This is just one component of a much broader picture, banks should not engage in speculative activity unrelated to essential bank services, prop trading is a bad, bad, thing. Right. Doesn’t do much to convince the haters.
In other news, today is National Margarita Day.