just sayin’

He’s just saying that the right man for the job would have to look an awful lot like him. Read more »

The Dish Network chief and Phil Falcone bête noire is not as big a fan of the TWC-Comcast marriage as John Paulson. But if it goes through, he’d just like to remind everyone that it would then be totally unfair not to let him have his way with DirecTV. Read more »

As long as threats are being issued over the matter, Citigroup would like to remind the U.K. that without the EU, it is just a small island country that is no easier to get to from New York than Frankfurt. Read more »

Morgan Stanley, Citigroup, and Credit Suisse made some of the year’s biggest cuts in compensation for investment bankers, averaging as much as 30 percent, as Wall Street firms grappled with lower revenue.  Morgan Stanley, owner of the world’s largest brokerage, will also cap cash awards and defer more payouts, people with knowledge of the plans have said, while Zurich-based Credit Suisse, Switzerland’s second-largest bank, plans to give a portion of senior employees’ bonuses in bonds backed by derivatives. New York-based Citigroup may cut some bonuses in the securities and banking unit as much as 70 percent…Recipients may find they do better with shares instead of cash, according to Paul Sorbera, president of Wall Street executive search firm Alliance Consulting. “If things turn around, it may really turn out to be a windfall for them,” said Sorbera, whose firm is based in New York. “Some of these stocks are off 80 percent.” The S&P Financials Index advanced 8.6 percent this year as of last week’s close, and Bank of America Corp., ranked second by assets in the U.S., was leading the Dow Jones Industrial Average with a 31 percent advance. [Bloomberg]

Now would be a good time to start counting those coins. Read more »

  • 24 Sep 2010 at 5:27 PM

Ben Bernanke, Trendsetter?

Ben Bernanke, December 16, 2009: “I’ve got a driver’s license, my American Express card, a debit card, a Jos. [A.] Bank card where I get my suits, I have a health insurance card. And then I have a variety of other cards, phone numbers, United Airlines, frequent flyer. And I have $45…$75…$85. I’m all set.” Read more »

The buyer was not identified but there are probably only a handful of people with a) the cash on hand b) a serious interest in Hirst’s work c) a burning itch for a hot pink little number to tool around the streets of CT in…