Despite the clouds looming over billionaire Steve Cohen for “rampant insider trading,” he appears as cozy as ever with New York Mets owner Fred Wilpon. Cohen and Wilpon both shelled out money to sponsor a baseball exhibit now on display at the National Museum of American Jewish History in Philadelphia, according to the museum’s Web site. Questions have arisen over whether Cohen’s recent legal woes might force him to sell his minority stake in the Mets. After all, the baseball empire was recently burned by its ties to Bernard Madoff, another troubled hedge-fund manager. But Cohen and Wilpon’s names are at the top of the lineup card of sponsors on display at the exhibit, titled “Chasing Dreams: Baseball and Becoming American” — suggesting there’s a kindred spirit. [NYP]
Why Mohamed? Why? Read more »
Business Leader Of Tomorrow Asks: Is A Gig In The Upper Echelons Of Corporate America A “Work-Love Trade Off”?By Bess Levin
From: [redacted guy]
Sent: Tuesday, October 01, 2013 11:05 PM
To: [redacted girl at Deloitte]
Hey [redacted girl at Deloitte],
We talked a couple weeks back at the [university] accounting night. (I was the one looking for equity research positions and had a zit on my lip that could have passed for a cold sore. Lol. Whew. It was not. You’re probably like, “uh.. What?” Maybe that helps you recall, maybe not. Not completely important, I suppose.
This Would Be Bob Chapman Asking Inteliquent CEO Ed Evans To Comment On His ‘Essential Ass Raping’ Of AT&TBy Bess Levin
Follow-up questions: 1) Would you agree or disagree that you’ve been prove to be “something of a weapon of mass destruction”? 2) Can you justify your continued employment? Read more »
Suspending disbelief for a moment and pretending this scenario* actually occurred in real life…
I am a 22-year-old man working at a new job on Wall Street. My boss is a very attractive 30-year-old woman. We happen to exercise at the same gym at the same time. We both swim, and the first time we ran into each other, she was wearing a one-piece bathing suit, and I was wearing a classic Speedo. I saw her look me up and down. The next week, she started wearing a thong bikini. Isn’t this a power thing?
Antony Jenkins said he will outline his plans for Barclays in the first quarter of next year. “The challenges that confront investment banking as an industry are driven by regulatory change and the economic environment,” the new CEO said by telephone today. “It requires us to think strategically about the direction of investment banking.” The investment bank is led by Rich Ricci, a Diamond appointee. With increased regulation from Europe and the U.K., volatile market conditions for mergers and acquisitions and continuing criticism of bankers’ pay by politicians, Barclays has faced calls from analysts and shareholders to either sell the division or reduce its size. “The Barclays Capital decade and Bob Diamond will be confined to history,” said Simon Maughan, a financial industry strategist at Olivetree Securities in London. “What investors want to see is far more dramatic cost cutting, and the question is will Jenkins be enough of his own man to do it. It’s not Barclays’s style.” [Bloomberg]