Ken Langone

  • 26 Apr 2013 at 3:20 PM

Taking Chairman Title Away From Jamie Dimon Is The Craziest God Damn Thing Ken Langone’s Heard Today

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As you may have heard, recently some JP Morgan shareholders have been making a lot of noise about their desire to strip Jamie Dimon of his gig as JP Morgan Chairman. Their argument centers largely on last summer’s incident in which one of the bank’s employees lost $6+ billion on a trade. So far the board has rallied behind JD, but until today, we hadn’t what veterans of the business community thought of the matter.

What, for instance, is Ken Langone’s reaction to the idea that Jamie can’t hold down two jobs at the same time? It’s horse shit, is what! Read more »

  • 08 Nov 2012 at 2:09 PM

Romney Backers Might’ve Lost, But They’ve Got Each Other (And That’s A Lot)

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At the private air terminal at Logan Airport in Boston early Wednesday, men in unwrinkled suits sank into plush leather chairs as they waited to board Gulfstream jets, trading consolations over Mitt Romney’s loss the day before. “All I can say is the American people have spoken,” said Kenneth Langone, the founder of Home Depot and one of Mr. Romney’s top fund-raisers, briskly plucking off his hat and settling into a couch…As the morning wore on at Logan Airport, more guests from Mr. Romney’s election-night party at the Boston Convention and Exhibition Center trickled in, lugging garment bags and forming a small line at the security checkpoint. “It’s going to be a long flight home, isn’t it?” said one person, who asked not to be identified. The investor Julian Robertson, who held fund-raisers for Mr. Romney and gave more than $2 million to a pro-Romney super PAC, arrived with several companions. Mr. Robertson spotted an acquaintance: Emil W. Henry Jr., an economic adviser and a fund-raiser for Mr. Romney, to whom Mr. Robertson had offered a ride on his charter. “Aww, group hug,” Mr. Henry said. [NYT]

  • 26 Oct 2012 at 12:23 PM

Julian Robertson Likes Mitt Romney So Much He’s Considering Letting The Governor Take Over The Number 1 Spot On Speed Dial

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A slot previously held by a certain Home Depot founder who’d better step his shit up next time he’s on CNBC. Read more »

  • 28 Jul 2011 at 9:35 AM

Ken Langone Sees A Much Bigger Problem Than The Debt Ceiling

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Ken Langone popped by CNBC earlier this morning to guest host Squawk Box with Becky, Joe and Andrew Ross Sorkin. Is he worried about the debt ceiling? No. “It’s a done deal,” Langone told the gang. “They don’t know it yet, but it’s taken care of.” There is something Ken is losing sleep over, however, and it’s the fact that President Obama doesn’t always wear a jacket in the Oval Office. Read more »

  • 21 Jul 2011 at 11:43 AM

If Chris Christie Were To Theoretically Run For President, He Could Theoretically Count On Money From Paul Tudor Jones, Stanley Druckenmiller, Et Al

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Earlier this week, Ken Langone invited 50 hedge fund managers and other financial services employees to his office. The occasion? A sit down with with Chris Christie, who the Home Depot founder apparently forced to discuss the possibility of running for president. Here’s what the New Jersey governor had to say: Read more »

  • 25 May 2011 at 4:28 PM

Ken Langone’s Rallying Cry: Charity, America, Freedom

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Ken Langone just gave a speech at this year’s Ira Sohn conference on why the hedge fund industry should be writing checks to charitable causes. Why? KEN LANGONE TELL YOU WHY! Read more »

  • 25 May 2011 at 4:15 PM

Ken Langone Still Not Yet In His Zen Place Re: Eliot Spitzer

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“I don’t like the guy and every time I get a chance to take a shot at him I do it.”

  • 13 Dec 2010 at 12:23 PM

Confidential To CNBC: You Need More Ken Langone

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From the random walking on set, the declaration of love for Lloyd Blankfein, the lack of an indoor voice, the accusation that David Faber dyes his hair and later, the shoulder squeezes and kisses on the head, KL’s got regular contributor material written all over him. Just something to think about. Read more »

  • 03 Jun 2010 at 5:11 PM

A Private Bank for Aging BSDs

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Forget about stashing your cash with Bank of America, JPMorgan or Citigroup. The real grandfathers of finance take their dough to Fieldpoint Private Bank & Trust. The Greenwich institution was founded by some ex-Merrill Lynch execs, including Dan Tully and David Komansky, in 2008 as a place where senior BSD’s can get the top notch service they deserve. Read more »

  • 22 Jul 2008 at 10:26 AM

Ken Langone Hates The New York Times

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Legendary Wall Streeter Ken Langone, who once attempted to purchase the New York Stock Exchange, hurled insults at the New York Times this morning on CNBC’s Squawk Box. He was describing an op-ed he’s been working on for the Wall Street Journal about his long battle with disgraced former New York governor and Eliot Spitzer. One of the co-hosts of the program asked him about whether he might try to get it in the New York Times.
“I don’t even try with the Times,” Langone said. “Why write for some newspaper you don’t even read? I mean, it doesn’t make sense.”

Langone: Spitzer Is A Hypocrite Who Once Sent $2,800 Of Money Orders To A Hooker

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Oh, wait. Not all of Spitzer’s targets are keeping as quiet as Grasso, Blodget and Greenberg. Last night CNBC caught up with Ken Langone, a former director of the New York Stock Exchange, near the Tribeca Grill. He wasn’t exactly reserved about his feelings for the soon-to-be former New York governor.
“I had no doubt about his lack of character and integrity,” Langone said on a taped interview that was aired on Squawk Box this morning. “It would only be a matter of time. I didn’t think he would do it this soon or the way he did. But I know for sure he went to a post office and bought $2,800 worth of money orders to send to a hooker.”
Langone told CNBC that Spitzer was a hypocrite. “The number of people that he besmirched, the number of people whose reputations were earned that he soiled is horrible,” Langone said.
Ken Langone has long been one of the most well-connected men on Wall Street. He was forced to resign from the board of the NYSE when targeted by Spitzer, who was then investigating the pay package of NYSE chief executive Dick Grasso.