• charliegasparinotonyjames

  • eddielampert


    Eddie Lampert To Draw On Experience Not Relevant To Being CEO Of A Company To Be CEO Of A Company

    The hedge fund billionaire will become CEO at the struggling department store chain Sears Holdings Corp, succeeding Lou D’Ambrosio, who headed up the company for around two years. Mr. D’Ambrosio’s departure was influenced by a close family member’s medical condition, people familiar with the matter said…”There’s a very big difference between being a CEO of […]

    / Jan 9, 2013 at 12:29 PM
  • News

    Paul Krugman Forces Obama Back To The Drawing Board

    Sayeth Kruggles: “Yes, I’ve heard about the notion that I should be nominated as Treasury Secretary. I’m flattered, but it really is a bad idea. Part of the reason is that I am indeed the World’s Worst Administrator — and that does matter. Someone else can do the paperwork — but an administrative job requires making hiring and firing decisions, it means keeping track of many things, and that, to say the least, is not my forte…officials inside the administration can of course have even more influence — but only if they’re good at a very different kind of game, that of persuading the president and his inner circle in behind-closed-doors discussion. And everything I know about myself says that I’m not very good at that game. By my reckoning, then, an administration job, no matter how senior, would actually reduce my influence, leaving me unable to say publicly what I really think and all too probably finding myself unable to make headway in internal debates.” [NYT]

    / Jan 7, 2013 at 5:59 PM
  • sallie-krawchek-2

    People Moves

    Who Wants To Be Chair(wo)man Of The SEC? (Update)

    Dealbook reports that Mary Schapiro has given official notice and come December 14th, she’s out of there. Names being floated as possible successors are said to include Sallie Krawcheck and the SEC’s director of enforcement, Robert Khuzami, but on the off-chance they’re not interested, want to throw yours or a loved one’s C.V. in the mix? Update: Apparently Obama plans to nominate Elisse Walter, an SEC commissioner and former FINRA VP, to take over. So you’ve probably got less of a shot at this point but anything can happen!

    / Nov 26, 2012 at 11:12 AM
  • geithner


    Bloomberg Worried About Tim Geithner’s Ability To Put Food On The Table

    As you may have heard, because you’ve read the reports reports or picked up on the Morse code message he’s blinked out during every appearance on CNBC or he threw himself on the hood of your car and screamed “Get me outta here” the last time you drove up to the Treasury building, Tim Geithner is ready to leave Washington. Has been for some time, in fact, but previous requests to go home were all denied. Now that his bosses are supposedly going to allow him to leave in the event Obama is reelected, many are wondering what will be next for TG. Despite having spent the majority of his career in public service and giving the impression that he has no desire to work for Wall Street, Bloomberg is thinking that with the albatross that his his unsellable Larchmont house around his neck, a family, and college tuition to pay, Geithner may not have a choice.

    The years in public service — particularly engaging in diplomacy with domestic and foreign partners — left a deep impression on Geithner, infusing him with a sense of purpose that he might find lacking on Wall Street…Yet the years in civil servitude have also left Geithner in need of a better salary. Geithner is one of the least wealthy men to head the Treasury Department in recent years. He took more than a 50 percent pay cut to assume the job. His $199,700 salary is higher than the $174,000 earned by most members of Congress. His pay has been increased by $8,400 in three years, yet his net worth pales next to such predecessors as Hank Paulson and Bob Rubin. With two mortgages and two college-age children, the lure of private-sector money could be hard to resist. BlackRock’s Fink, for instance, received $23.8 million in salary and stock in 2011, making him No. 1 in the Finance 50, Bloomberg Markets’ annual ranking of the best-paid CEOs at the largest U.S. financial companies.

    Other ideas Bloomberg has for ways Geithner can make ends meet that he’s already said no to include writing a memoir. He “publicly ruled out” doing so in September, but they’re pretty sure he’ll reconsider after the guy he hired to patch up his roof tells him the whole thing needs to be replaced.

    What’s Next For Tim Geithner [Bloomberg]
    Related: Tim Geithner To Finally Be Set Free?
    Also Related: Robert Shiller, Westchester-Area Realtor Rub Tim Geithner’s Nose In It

    / Nov 6, 2012 at 1:02 PM
  • John_Mack-260x284


    John Mack Takes Another Job That Doesn’t Involve Selling Shoes At Bergdorf Goodman

    Earlier today, KKR announced that former Morgan Stanley Chairman and CEO John Mack will be joining the private equity firm as a senior adviser, “supporting new investing activities and providing counsel to KKR portfolio companies.” Including the new gig, Mack is now working three jobs, the others being “part-time adviser” to Morgan Stanley and author (as previously noted, he’s working on a book). And while it’s nice to see him keeping busy, you know what these little diversions don’t leave a lot of time for? Going after his dream.

    As you may recall, back in December Mack told a room full of Morgan Stanley employees that if he hadn’t become a banker, he would have been a women’s shoe salesman and that in the years since he chose one path over another, the former has never come close to replacing the latter when it comes to things that light a fire inside him. Even when he was CEO of Credit Suisse and Morgan Stanley, Mack found time to stop by Bergdorf Goodman and “watch the fierce New York ladies trying on Manolo Blahniks,” often advising them on what to purchase, based on which pairs spoke to him and which did not (“Those– those are the ones. Get them,” he would say with undeniably certainty). Which was why, Mack said with a glimmer in his eye, his retirement would include being a “part-time salesman at Berdorf’s.”

    And, yet, here we are, more than three months later, and no such job has been procured. What’s more, a spokeswoman for the department store has said that despite possessing an undeniable love and appreciation for shoes and being a born salesman, in order to work the floor, Mack would have to go through the same training program, just like everyone else, and he hasn’t even filled out the application to do so.

    Why the hold up? It seems pretty obvious that when it comes to the thing that makes him feel alive someone is scared. Not scared to fail– hell, he knows he can move that product. But scared the reality won’t live up to the dream. Scared that years from now, selling shoes will just be a slog like everything else. So he takes these bull shit little advisory jobs so he can say he “just doesn’t have the time” when the topic comes up, knowing full well that he goes to sleep at night and wakes up in the morning thinking about women’s shoes and that nothing, and we mean nothing, will ever compare to feeling he’ll get running back and forth to the stock room juggling six different styles in 3 different sizes, working his ass off to make that sale. The sooner he realizes that, the better. He obviously told the MS people about his little-known passion/plan for reason: to make himself accountable. If you see Mack today or next week or the week after, [tell him to go for it.]

    John Mack To Join KKR As Senior Adviser [Deal Journal]

    / Mar 27, 2012 at 1:57 PM
  • News

    Bonus Watch ’11: Paul Volcker’s Rule Can’t Touch This Cash Cow Unless He Pays

    Maybe you think you’ll be one of the 100,000 financial services employees projected to be laid off this year. Maybe you’re bracing for a bonus that will need to be supplemented with outside revenue streams. Maybe everything’s going great for you career-wise, you’re at the top of your game but you’ve decided a traditional get […]

    / Oct 14, 2011 at 3:10 PM
  • News

    An Alternate Career To Consider Should Prefer Asses To Assets

    By 11 a.m. on a recent sweltering Sunday, Harrison Anastasio had already collected the cellphone numbers of five bikini-clad women on the rooftop pool at the James New York Hotel. “Don’t forget to text me,” one of the women whispered to the 17-year-old, flashing him a coy smile…A certified lifeguard, Anastasio, a rising senior at […]

    / Jul 28, 2011 at 6:20 PM
  • News

    Nassim Taleb To Unload Infinite Wisdom On G-20

    Though his schedule is extremely packed, Nassim Taleb, who knows everything there is to know about risk while Ben Bernanke knows nothing, has agreed to co-author a paper with the IMF’s Monetary and Capital Markets department “for the G-20 to develop ways to apply his method for identifying tail risks, or the chances of low […]

    / Jul 14, 2011 at 3:21 PM
  • News

    Dominique Strauss-Kahn Officially Replaced By Christine Lagarde

    There’s a new sheriff in town.

    / Jun 28, 2011 at 2:22 PM
  • News

    Guy Who Vaguely Resembles Lloyd Blankfein A Contender For Lloyd Blankfein’s Job

    Back in April, both the New York Times and Charlie Gasparino claimed they’d heard Lloyd Blankfein was tired. So tired, they were told, that a regular nap would not suffice, but rather an entire lifestyle change was necessary, which included quitting his job. Goldman Sachs said the reports were untrue and reassured us at the […]

    / Jun 27, 2011 at 9:53 AM
  • News

    Who Wants To Be Chair(wo)man Of The FDIC?

    If you’re looking for a new gig and think it might be the right fit, put in an application today, as Sheila Bair will be stepping down July 8, after her term expires.

    / May 9, 2011 at 3:07 PM
  • News

    Bloomberg Columnist Counsels Brett Favre To Find A Post-NFL Career That “Fills The Competitive Void”

    Like some of his colleagues on the field, perhaps Favre should consider a gig on Wall Street.

    / Jan 4, 2011 at 12:51 PM
  • News

    The Job You Want At SAC Capital Involves Swinging A 9-Iron

    To be sure, there are many interesting positions to be had at SAC that most boys and girls would kill for. There’s Steve’s, which is a pretty good gig. There’s IR, which is fun. There’s president Cohnheeney’s, though few are good looking enough. There’s SC’s bodyguard, which is exciting and involves a gun. And of […]

    / Nov 18, 2010 at 10:30 AM
  • News

    Eliot Spitzer’s Favorite Hooker Is Now A Commodities Trader

    In an interview with Deal Journal about his documentary of the former governor, Client 9, filmmaker Alex Gibney mentions that one of the prostitutes featured, who goes by the name “Angelina,” has since left one ho’ing business for another– due to her high-profile clients, she was able to land a gig on Wall Street.

    / Nov 10, 2010 at 4:29 PM
  • News

    Ken Griffin Wants A Piece Of You

    A very wise man once said, “Risk is what you make of it.” Whether it was walking over a chasm without the proper gear, being leveraged 40 to 1 in October 2008 or getting in the car to drive hundreds of miles for a milkshake when you know full well your wife said NO DAIRY, […]

    / Sep 15, 2010 at 10:17 AM
  • News

    Who Wants To Work 2-3 Hours, Play Some Golf And Call It A Day?

    Are you a trader looking for a new gig? Do you have certain requirements of the job that’ve made finding the perfect employer slightly difficult? Do they include: * Wearing flip-flops, polos and shorts to work? * Taking leisurely lunches * Enjoying yourself a good rom-com and paying matinee prices? * Playing 18 holes before […]

    / Sep 10, 2010 at 9:59 AM
  • News

    Layoffs Watch ’10-’11: Capitalize On The Millions Of People Who’ve Always Wanted To See A Wall Streeter Scrub A Toilet

    Earlier this week, Meredith Whitney forecast that Wall Street firms will cut 80,000 jobs in the next 18 months. Naturally we hope the Dollar Dominatrix is off in her prognostication but in the event she’s seeing the ball on this one, it’s important to think about what you might do in the event you are […]

    / Sep 9, 2010 at 5:15 PM
  • News

    Get Paid To Shoot Someone From UBS

    Looking for a new gig (or a gig period)? Disheartened by the dearth of openings in the industry at the moment? Itching for the chance to get all up in UBS’s face? If you’re under 37, in “prime physical condition” and can shoot a gun, the IRS wants you for its Criminal Investigation Divsion, which […]

    / Aug 30, 2010 at 5:41 PM
  • MBAs, News

    “Young, Ambitious, Female MBA Student” Is Deadly Serious About Soliciting Investment Banking Gig Via Casual Encounters

    As I’m sure you don’t need to be told, times are pretty tough right now for those seeking new jobs (or a job, period) on Wall Street. Some have taken the all out begging, stand on a street corner holding wearing a sandwich board approach. Others are going with the traditional route (networking, sending out […]

    / Aug 19, 2010 at 12:00 PM
  • News

    Confidential To Jamie Dimon: Guy Standing Outside 277 Park Ave Circa Now Has One Simple Request

    “Interview me.” Apparently his board also specifies that he’s looking for a gig in investment banking but, you know, beggars, choosers, etc. Will JD throw him a bone? I’d like to think so but I guess we’ll have to wait and see. Update:

    / Aug 5, 2010 at 2:12 PM
  • News

    Russian Spy Will Not Be Able To Visit With Ex-Husband, Work For Barclays Again Anytime Soon

    Well, this is a set-back. Anna Chapman, the only Russian spy anyone cares about, has had her British citizenship revoked, and the U.K.’s Home Secretary apparently has plans to “exclude” her from the region entirely, as it would be “conducive to the public good.”

    / Jul 13, 2010 at 1:48 PM
  • News


    Scott Nicholson is a 24 year-old Colgate alum who’s yet to have a job since graduating college in 2008. He’s famous today not because he’s unemployed– lots of relatively recent grads are sans employment so he’s not special in that respect– but because he’s the main character in a delightful Times story about his journey […]

    / Jul 7, 2010 at 4:26 PM
  • News

    Who Wants To Give This Kid A Job?

    Hey Dealbreaker! While I don’t have a tip, I wish I did, and I think you guys can help me get on my way to getting one to help you out. I have a proposition I would like to relay to your readership: find Me a Job and I will give you my first week’s […]

    / Jun 28, 2010 at 12:05 PM
  • News

    Anyone Wanna Run BP?

    Tony Hayward hasn’t actually resigned yet but at the present he’s not in so good with the Prez and a li’l accident– a blip, really– did go down on his watch. Reuters already has a list of fill-ins prepared in the event Big T involuntarily resigns. It includes Andy Inglis (head of BP’s core exploration […]

    / Jun 17, 2010 at 2:37 PM
  • News

    Gig Of A Lifetime, Yours For The Taking

    Job Type: Full Time Years of Experience: 2-5 Years Degree Required: Bachelors Industry: Finance & Investment Job Function: Investment Banking & Advisory Job Description Description: Meredith Whitney Advisory Group LLC (MWAG) seeks an experienced Executive Assistant, who will report directly to the Chief Executive Officer. The Executive Assistant is able to handle a wide array […]

    / Jun 15, 2010 at 11:52 AM
  • News

    Lloyd Blankfein Isn’t Going Anywhere

    So suck it, Dick Bové, suck it, Wall Street Journal, suck it CNBC, suck it shareholder Evelyn Davis, who demanded LB resign “on Monday,” suck it anyone who even entertained the thought of a Goldman Sachs sans Blankfein. LB has “no intention of doing that,” nor is he interested in the harebrained proposal to split […]

    / May 7, 2010 at 12:48 PM
  • News

    Who Could Take Over For Lloyd Blankfein?

    First off, let it be known that I don’t think LB should or will go anywhere. Nevertheless there are some people, some haters, talking about that very possibility. Dick Bové said it a couple weeks ago but she was on the rag at the time and not to be taken seriously. Now there’s a story […]

    / May 5, 2010 at 2:12 PM

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