In Bill Gross’s darkest hour, former Pimco executive Paul McCulley decided not only to come out of retirement and serve as the “unifying force” at the firm, but to chop off his greatest asset. Read more »
Forgiveness Means Being Open To Doing A Deal With A Guy Who Once Compared You To A “Crying Little Jewish Boy In The Schoolyard”By Bess Levin
And that’s why, despite Carl Icahn’s comments about him in the past, Bill Ackman is ready to take their newfound friendship to the next level (and why Icahn, who Ackman once described as a liar who takes advantage of little people probably feels the same way). Read more »
When the Mets wouldn’t give him a say in the direction of the franchise (even after he gave away several great ideas for free), who was there? A-Rod. When the Feds were circling, who was there? A-Rod. When he was forced to turn his hedge fund into a shell of what it once was, and watch as closet upon walk-in closet of SAC-branded fleeces were rendered useless, who was there? Read more »
There’s Only One Person In This World Stephen Schwarzman Would Give A Bite Of His Soft-Shell Crab Sandwich And His Name’s Mitt RomneyBy Bess Levin
“First of all, this is a personal choice. From a corporate perspective, we have a lot of Democrats at the firm and my partner, Tony James, has been a supporter of the president. This is my choice, not a Blackstone choice. When we started Blackstone in 1985, the first investment we made in private equity was a joint deal with Mitt Romney at Bain. This turned out to be a marvelously successful deal with a profit of a company making aluminum wheels which expanded very rapidly. We made about 16 times profit. The second deal we did, Mitt led that one – we did that deal at Blackstone and we invited him to be the minority partner and we made 24 times our money. In finance, that’s a way to make friends.” Read more »
One question that people having been asking since the occupation of Zuccotti Park lasted longer than a weekend is, how long? How much longer, ballpark, will the Wall Street protesters stay camped out? Will the December chill drive them out? Will a January filled with sleet and snow that a certain someone will conveniently forget to remove do it? According to Stacey Hessler, not on her watch. The Florida resident, mother of four, and wife of a financial services employee named Curtis says she’s gotten comfortable.
“I’m not planning on going home,” an unapologetic Stacey Hessler, 38, told The Post yesterday. “I have no idea what the future holds, but I’m here indefinitely. Forever,” said Hessler, whose home in DeLand sits 911 miles from the tarp she’s been sleeping under.
And sorry, she’s not sorry. For those giving Stacey shit (her mom, husband, children, strangers), if you think she can just walk away, think again. Her place is here, in New York, with her new roommate, at the empathy table. Read more »
A month ago, Charlie Gasparino reported that Lloyd Blankfein’s friends had told him LB was tired of the grind and mulling over stepping down as CEO of Goldman Sachs by the end of the 2011. Goldman denied the story and reassured the world that Lloyd would be with us for many years to come. Apparently these so-called friends, like Gasparino, who said the denial was merely proof that GS was lying to him, beg to differ and have continued to tell the press Lloyd is on the way out. Read more »
“Is Lloyd Blankfein ready to leave the firm?” Chaz has apparently hunted down some of Lloyd’s “friends,” who may or may not have told him LB might be ready to leave the firm, might not be ready to leave the firm or hasn’t decided what he’s feeling at the moment. Read more »