memories

  • 29 Sep 2010 at 5:00 PM

Which Lehman Brothers Have Money Left For Sentimental Tchotchkes?

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“A metal sign — this one commemorating the opening of the London headquarters in 2004 by Gordon Brown, who was the chancellor of the exchequer at the time — was expected to bring up to £1,500. But it sold for £28,750 ($45,466) to another anonymous bidder on the telephone. Also for sale was a sign with Lehman Brothers’ mission statement. It read, “We are one firm defined by our unwavering commitment to our clients, our shareholders and each other.” That, together with another Lehman sign, sold for £13,750, or $21,744.”

Lehman Memories Sold Off Piece By Piece At Auction [NYT]

  • 13 Apr 2010 at 4:08 PM

WaMu “President’s Club” Sales Conference Wrote And Performed A Rap Inspired By Sir-Mix-A-Lot

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When Washington Mutual went down for the dirt nap, we didn’t just lose a savings bank holding company, we lost something so much bigger. We lost a group of people who were really good a changing the lyrics to well-known songs for sport and laughs. And not just any songs, but the classics, such as Sir-Mix-A-Lot’s “Baby Got Back.” Thanks to the today’s hearing on the hill, this one is saved in perpetuity. It was first performed at WaMu’s annual “President’s Club Awards Dinner” in 2006, an event attended by Magic Johnson, who was lucky enough to count himself among the speakers that night.

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  • 31 Mar 2010 at 11:45 AM

Lynn Tilton Wears F*ck Me Boots In Order To “Garner The Respect I Deserve”

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Sock it to me. Your respect, that is.

Distressed debt investor Lynn Tilton recently participated in a podcast for NPR. Early in the interview she was asked “What are you wearing?” to which the Patriarch Partners founder responded, “A Cavalli top, a Versace belt, a Gucci skirt and Prada boots– 4 inches. I need to look sufficiently fierce to make sure I garner the respect I deserve,” she explained. Sure, makes sense, and is in fact the tactic used by many of Wall Streets most esteemed investors, though they all like to put their own spin on it (Carl Icahn wears a cat o’ nine tails as a belt, while Julian Robertson used to take all meetings wearing a full Dominatrix Nurse Costume). Later on, when discussing a tassel company she owns, she said her inspiration for a line of “Tassel Me” belts came from “fond memories of what I had once done with tassels.” Some of you may know what she’s talking about! For those not lucky enough to be a Christmas card-receiving client of Lynn’s when she was a salesgirl at AMROC, circa 1989, let’s get you up to speed. Continue reading »