• News

    49% Of Men Putting Finishing Touches On Parade To Celebrate Equal Pay For Equal Work On Wall Street

    Almost nine out of 10 women polled reported that men in equivalent positions received more pay, while 51 percent of men agreed, according to the survey released yesterday by eFinancialCareers. A third of women, who made up 30 percent of total respondents, said they’ve been discriminated against because of their gender, the job-search website operator […]

    / Sep 18, 2014 at 3:48 PM
  • Hedge Funds

    Bill Ackman Can Start Writing His Victory Speech (Maybe)

    While he’s in a chatty mood vis-à-vis Allergan, the Pershing Square chief might want to tap that flow, since someone who has covered the Botox-maker for a whole year thinks he’s got this thing in the bag. More or less.

    / Sep 10, 2014 at 2:32 PM
  • Hedge Funds

    Carl Icahn Really Knows How To Make A 2.2% Return Shine

    A couple of weeks back, Carl Icahn took to a regulatory filing to give himself a pat on the back for putting the kind of competent asses in boardroom chairs that instantaneously turn a company around. And no company got its ass more turned around than eBay, which boasted the worse corporate governance in the […]

    / Sep 2, 2014 at 1:40 PM
  • News

    Controversial RBS Share Sale Was Totally Worth It

    Fact: The rights issue in question brought in £12 billion as the bank teetered on the brink. Fact: The lawsuits stemming from that rights issue may cost it £4 billion, give or take.

    / Jul 30, 2013 at 4:49 PM
  • pennies


    One-Sixteenth* Of A Dollar For Your Thoughts

    Trading stocks in pennies may be easy and efficient, but boy is it dull. So your friends at the Securities and Exchange Commission are batting around some ideas to spice things up without making your brains hurt too much.

    / Dec 13, 2012 at 5:15 PM
  • larrysummers


    Larry Summers Supposedly Too Rough Around The Edges To Be Named Fed Chairman

    Who should replace Ben S. Bernanke as Chairman of the Federal Reserve when his term ends in January 2014? If anyone cared to ask us, we’d say no one: we like our Fed Chairman soft-spoken, bearded, and just as comfortable in dad jeans as they are in their bespoke Jos. A. Bank suits. But nobody asked and, according to Andrew Ross Sorkin, Bernanke has told “close friends” that regardless of whether or not Obama wins a second term, he’s ready to move on. Apparently qualified successors are few and far between and while Larry Summers is said to be “at the top of the list,” the fact that Treasury Secretary Tim Geithner may finally be granted freedom from his own personal Guantanamo Bay and will also necessitate a replacement who will have to work closely with the new Fed Chair poses some staffing issues, on account of the perception that Summers is somewhat difficult to work with.

    …[Summers is] a serious economist who knows his numbers and has a worldview that is similar to the president’s. He would be expected to continue the loose money policy of Mr. Bernanke. But one of the knocks against Mr. Summers is that he has a reputation for not playing well with others. He has had his own run-ins with the president. And if you consider the Treasury secretary and Federal Reserve chairman as a tag team, you would have to be confident that whomever you pick for Treasury secretary would get along well with Mr. Summers.

    So he called some former students assholes. So he’ll cut a bitch for getting between him and his steady stream of Diet Coke. So he chooses to sleep through co-workers’ particularly boring presentations. So he makes female colleagues feel like “pieces of meat.” So he shoots people unequivocal death stares that say, “I could have you killed and no one would find out” for the mere suggestion he might want to consider wearing socks. Is all that to say he’s not an otherwise affable guy who’d make a fine workmate and prized addition to an office softball team?

    Casting Dual Roles At Treasury And The Fed [Dealbook]

    / Oct 23, 2012 at 1:27 PM
  • News

    Dick Bové: Everyone Is Getting Fired

    Over the past six months or so, Wall Street has laid off a whole bunch of people. Unfortunately, having a job at this very moment does not mean you will 3 months hence. More cuts are a’ coming and according to Rochdale analyst Dick Bové, a lot more. What kind of numbers is he talking […]

    / Dec 16, 2011 at 12:59 PM
  • News

    Bonus Watch ’11: Citi To Pay Cash At Some Point In The Future

    Charlie Gasparino is hearing that senior bonuses at Citi this year will be paid out half in stock that vests in five years and half in cash that only 20 percent of which is immediately available (30% of the cash portion will supposedly be awarded in two years). For those who don’t know you’re supposed […]

    / Jan 31, 2011 at 4:20 PM
  • continuing education

    Does Math Hate Women?

    Off the top of our heads, we can’t name one woman in a prominent position at a quant shop. Maybe this is why. Math 55 is advertised in the Harvard catalog as “prob­ably the most difficult undergraduate math class in the country.” It is leg­endary among high school math prodigies, who hear terrifying stories about […]

    / Mar 7, 2008 at 12:33 PM

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