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oh no she di’int
Greenlight Capital Is Sick Of Ineffective European Leadership, Rival Organizations Poaching Its TalentBy Bess Levin
By early June the market had given back all of its first quarter gains, and the crisis yet again came to a head. The European leaders took a cue from Groundhog Day and did as they always do: they announced yet another ‘Summit to Fix Everything’…The whole thing is such a mess – who can blame them for heading for vacation? Besides, this allows the politicians to position themselves to give the appearance of personal sacrifice, should they need to interrupt their Olympics cheering to make emergency phone calls…Landon Lee, our Research Associate in Dallas, has decided to pursue an MBA at Columbia Business School. As Cheryl Einhorn is an Adjunct Professor there, one can’t help but feel that Landon is choosing Cheryl over David. And who wouldn’t? To discourage further poaching, David has taped a “Do Not Solicit Greenlight Employees” notice to the home fridge. [Greenlight 2012Q2 Letter To Investors]
Angela Merkel Suggests Euro Bond Enthusiasts Go Back To The Kiddie Table– The Adults Are Talking HereBy Bess Levin
The euro area has to resolve “that the time of living above our means is over once and for all” and pursue debt reduction that will stretch over “many years,” Merkel said in a speech to members of her Christian Democratic Union late yesterday in Magdeburg, eastern Germany. While stepping up her rejection of a Greek default, she said that issuance of shared debt by euro countries isn’t the solution to the problem spilling from Greece, even though some may long for the “big bang” to end the debt crisis. “Whoever believes that has no clue about the economy,” she said. [Bloomberg, earlier, earlier re: kid tables]
She’s gonna put some seriously importante dudes’ b’s in a vice and then just, you know, trah la la, act like nothing happened and expect the checks to keep coming? Girlfriend should consider thinking again!
“I think at least in the short term there is going to be a great deal of frustration with people who were beating the hell out of us — then turning around and asking for money,” said a senior executive of a Wall Street bank. One member coming in for special criticism: Sen. Kirsten Gillibrand (D-N.Y.), viewed as largely unwilling to publicly defend her home state’s top industry but who continues to make fundraising requests, according to Wall Street insiders. “Sometimes their chutzpah just has no bounds,” an executive said, referring to Gillibrand, who is on the ballot this fall. “People like her who didn’t stand up for us at all during the debate are certainly going to feel some pushback.” [Politico via Daily Intel]
In fact! We’ve obtained exclusive behind the scenes footage of exactly what sort of “pushback” the Senator from New York is in for and let me just say, it looks terrifying. Read more »
“You know George [Soros] is someone we all have aspired to match his brilliance but I have to tell you, you have to remember something there, the richest people on the planet become socialist. Socialism is a great thing for George. I want to bring George down. I want George’s reputation. George is now embracing socialism. What is socialism? Socialism is when you build a moat around the castle. I’m spending all of my time trying to decide where I’m going to live because of taxes are so high in the country and less of my time trying to figure out how to surpass Soros and his reputation.” [Bloomberg]
Since the Debrahlee “Too Hot For Citi” Lorenzana story has come out– which has included soft-core porn spreads, morning show appearances, and allegations that DL was canned because her presence distracted her male colleagues, who supposedly couldn’t work in her presence because their “penises were standing up”– Citi has had to keep its thoughts on the matter relatively brief. They still have to go to arbitration with this lady and Jamie Dimon and his firm are the only ones allowed to tell a woman to “zip it, Toots” without taking any heat. So while we’ve heard lots of “this case is without merit,” and so on an so forth, we’ve yet to have Citi tell us how they really feel, re: the girl who dreamed of being “Tits on a Stick.” Today that ends, with a spokeswoman for the bank offering that in her opinion, this chick is not that hot.
Citibank rep Natalie Riper [noted], “Just because she’s saying she was too hot doesn’t mean it’s so.”
Tomorrow, Vikram Pandit’s “brutal truth” on the bazonkas in question. Not to be missed.
DealBook reports that Patricia Cohen, the ex-wife of Steve, has dropped her lawsuit against the big guy, after filing it less than a month ago. SAC spokesman Jonathan Gasthalter said in a statement: “As we have said from the outset, these decades old allegations by Mr. Cohen’s former spouse were patently false and entirely without merit. We are not surprised that, when faced with our motion for sanctions, they withdrew the complaint.” Also, Zambonis never lose.
Notice of Voluntary Dismissal [PDF]
UPDATE: Uh, so Patricia has this to say: “I did not authorize Paul to withdraw the case. My attorney, Gaytri Kachroo, will take the necessary actions in response to this.” So we’re back on!