Christina Kelly, the soon-to-be ex-wife of (on leave) Jefferies banker Sage Kelly, who she recently accused of mistaking their bed, wall, and floor for a toilet; holding an official “Mushrooms Day“; and pressuring her to engage in a foursome with a Jefferies client and the guy’s girlfriend, would like to apologize and also go on record in an official statement as saying Sage is a top notch father. Although she doesn’t give Jefferies CEO Richard Handler and fellow senior execs an explicit shoutout, she may or may not be referring to them and the preemptive piss-in-a-cup day they felt the need to hold when she references “people at Jefferies” who were “affected” by she and her husband’s divorce proceedings. Read more »
Sheila Bair Isn’t Gonna Lie To You: She Had Actual Dreams About Burning Citigroup To The Ground Circa 2008, Though She Would Have Settled For Seeing Vikram Pandit Fired In The Middle Of Times Square. Which, If We’re Continuing To Be Frank Here, She Lobbied Quite Hard For.By Bess Levin
Sheila Bair, who served as chairman of the Federal Deposit Insurance Corp during the crisis and its aftermath, levelled fresh attacks at Mr Geithner, the Obama administration, fellow financial regulators and bankers such as Vikram Pandit, Citi’s chief executive, in a new book that has laid bare policy disagreements of the past few years…Ms Bair criticises Mr Pandit for a lack of commercial banking experience and says she tried to force him out. Ms Bair was “pushing hard” for Jerry Grundhofer, former chief executive of US Bancorp, to replace Mr Pandit. Citi’s board “could have done so much better than Pandit,” Ms Bair wrote…Taxpayers were unnecessarily put at risk and Citi, despite its weakness at the time, was allowed to avert nationalisation, a forced reorganisation or meaningful restrictions on its activities, Ms Bair alleges. “The public justifiably wanted retribution. Citi should have been led to the pillory,” Ms Bair writes. [FT via Heidi Moore]
“Greg Smith got his 15 seconds of lame fame which is all it is. If he was a man and not a mouse, he would have taken the high road and become part of the solution – he would have become an agent of change. Instead, he’s just a quitter who never gave management an opportunity to respond before he verbally strafed the entire firm in print.” [85Broads]
It would probably be safe to say that many of you came back to work today with one thought on your mind: this year’s bonus for last year’s work and, to that end, the hope that it would include at least 6 zeros. Here’s the rub: your firm may or may not have made any money last year. What’s a financial services employee expecting zilch to do? If you’ve ruled out resigning yourself to taking up the tailpipe or missed your chance to rob a Wells Fargo practically begging for it, the question you need ask yourself is, which is more important to you– money in the bank, or Mr. Fluffernuterbojangles Jr, who you’ve had since college? Read more »
In 2003, things were going pretty well for Todd J. Remis. Great, even. The equity research analyst had left Warburg Pincus Asset Management to found Hygrove Partners LLC, he was living the good life in New York City and he’d recently married Latvia native Milena Grzibovska. The wedding was an intimate affair that included less than 40 guests and took place at Castle on the Hudson in Tarrytown. A proud husband, Remis sent a photo of the happy couple to his alma mater for inclusion in its newsletter, for all his former Bowdoin College classmates to see.
Fast forward six years, and things were going less swimmingly for Todd. For starters, the Chicago Booth grad’s marriage had hit the skids, with a separation in 2008 and an official divorce by 2010. Additionally, he was unemployed, having been laid off or fired from his job at Legg Mason’s ClearBridge Advisors. And with that kind of loss and time on his hands, Todd wanted nothing more than to sit around looking at photos of memories past, specifically of the day he married Milena. Only Todd couldn’t do that, could he? At least not in the way he wanted to, which was by going through the photos chronologically, very beginning to very end, from Milena getting dressed to the bouquet toss to the last dance, laughing, crying, wiping his tears with each shot, laying down naked on a pile of them scattered on the bathroom floor and remembering how he felt that day. The reason he couldn’t do that? Because someone FUCKED Todd, good and hard. And the more Todd thought about it, the more he decided that he had to make that person pay. Read more »
This is BofA Director of Public Policy James Mahoney making the offer:
Appearing outside the courthouse after being sentenced to 30 months in prison for her role in the Galleon insider trading case, cracking herself up, Raj Rajaratnam’s number one gal told reporters that should she run into legal troubles again, she’d appreciate it if the FBI “knocked on my door in the afternoon, not at 6AM” before she’s had time to make herself presentable. Read more »
HSBC Analyst Who Had Knife Pulled On Him By Ex-Girlfriend, Was Jailed For Going On A Date With Another Woman Is Freed, Still Faces Charges, WrathBy Bess Levin
Last week we met Toby Carroll, a New Zealand-born real estate analyst for HSBC currently stationed in Dubai, who’d spent the last two months in prison. Carroll had ended up there after his ex-girlfriend, Priscilla Ferreira, found him and a new girl, Danielle Spencer, in his apartment and proceeded to start slashing curtains, furniture, etc, and go after the Danielle with a knife. The police were called and all three were put in jail because in Dubai, sex outside marriage is illegal.
Today brings word that Carroll, who friends describe as as “a fun-loving party boy who was dedicated to his job, a snappy dresser who liked women but wasn’t womanizer,” has been released from prison. So, that’s good news! Unfortunately, some other details seems to suggest things aren’t going to be so great for him in the near term. Read more »