…when Falcone and five LightSquared colleagues met over a meal of white-truffle pasta and Barolo at a Washington restaurant in January, they failed to come up with anything they could have done differently, according to a person who was there who asked not to be identified because the meeting was private.– Falcone Waits For Icahn Doubling Down On Network

When JPMorgan, which earned the most of any of the six banks over the four quarters, decided to thank employees for their performance this year, it sent 161,680 individually wrapped buttercream-frosted, chocolate chip, oatmeal-raisin and sugar cookies to retail branches and call centers in the U.S., U.K., Philippines and India.– No Joy On Wall Street As Biggest Banks Earn $63 Billion

Cooperman, 68, said in an interview that he can’t walk through the dining room of St. Andrews Country Club in Boca Raton, Florida, without being thanked for speaking up. At least four people expressed their gratitude on Dec. 5 while he was eating an egg-white omelet, he said.–Bankers Join Billionaires To Debunk ‘Imbecile’ Attack On Top 1%

American International Group Chief Executive Officer Robert Benmosche, 66, a Kappa Beta Phi member who disclosed in October that he was undergoing treatment for cancer, was there. He looked energetic, the two attendees said. In 1930, the dinner was beefsteak. This year, the meal featured lobster salad, shrimp, pigs-in-a-blanket, lamb chops and pistachio ice cream.– Wall Street Secret Society Kappa Beta Phi Adds Dealmakers With Lehman Rite

Wall Street headhunter Daniel Arbeeny said his “income has gone down tremendously.” On a recent Sunday, he drove to Fairway Market in the Red Hook section of Brooklyn to buy discounted salmon for $5.99 a pound.–Wall Street Bonus Withdrawal Means Trading Aspen For Coupons

The clam-juice cocktails at the private Stock Exchange Luncheon Club, where brokers lined up three deep at the raw bar, contained tomato juice, cooled water from boiled chowder clams, ketchup, celery salt and the option of a freshly shucked clam. Add vodka and they called it a Red Snapper.–How America Ceded Capitalism’s Bastion To German Boerse Seizing Big Board

As someone once said, you can find out a lot about a man or woman’s character during moments of great crisis. Do they fall apart? Do they become shells of their former selves? Do the worst parts of them come out? Do they turn their backs on everything they supposedly once stood for? Or do they, even in moments of darkness, rise to the occasion and demonstrate the morals and values they held when times were good are the very same ones they choose to live by when times are bad? For Bloomberg News reporter Max Abelson, Hurricane Sandy was a test. Would he turn in an article containing few if any reference to the food people consumed during the natural disaster? Or would his commitment to bringing readers exhaustive details re: what his Wall Street subjects eat (see above, here, and here) burn ever bright, to the extent that sources and interviewees elaborating on their situation beyond provisions would find themselves cut off and told, “Just the food and drink, toots. I got a lotta calls to make”? Read more »

Some crack investigative journalism by Bloomberg reveals at least one reason. Read more »

As you may have heard, a giant Duane Reade opened on Wall Street today. It includes the standard items you’d expect at a DR, plus hairstyling services, a nail salon, a smoothie bar, beer growlers, a stock ticker and sushi. Clearly the company is hoping to be a big hit with the financial services professional who work nearby and while Duane Reade president Joe Magnacca said he and his team “believe it’s the most exciting drugstore in the world,” where one should not think twice about buying and consuming the fish, some remain skeptical. Read more »

The London Evening Standard reports that 7 British traders (among them, BGC Partners’ head of FX options in London and a Citibank EM options guy) found themselves locked in a lift this week, following an evening of “eating sushi and drinking” with clients. Despite “shouting for help” and “pressing the emergency button,” the group was stuck for over three hours. In that time, they took a nap (captured by one of their cameras in the photo at left) and maybe did some other stuff not suitable for visuals? Read more »

First off, Greg doesn’t want to be famous and he says he’s “looking forward to being anonymous again.” The be-sideburned trader (in Greg Zuckerman’s The Greatest Trade Ever his ‘burns are described as “unusually long and thick” and in Michael Lewis’s The Big Short as those of a “1970s porn star”) announced this desire in a recent profile with which he not only cooperated but sat for on two separated occasions and spoke on the record, the genius of which is yet to reveal itself. Second, those hilarious “I’m short your house” shirts he had made back in ’06 when he was one of the few making hugely bearish bets on the housing market? He didn’t come up with that tag-line. “It’s juvenile. It’s funny in March of ’06 when everybody calls you Chicken Little. It’s not funny now,” he told the Observer. “It wasn’t my idea—that’s a fact, on my kids’ lives. … I definitely did not, on my kids lives. Somebody gave it to me.” Third, to those who think Lippmann comes off as “dickish” in Zuckerman and Lewis’s narratives, that’s just plain wrong. Read more »