tears

  • Ackman flag

    News

    Bill Ackman Hates The Hell Out Of Herbalife Because God Damnit He Loves America

    Yesterday afternoon, hedge fund manager Bill Ackman made a bold statement. A presentation delivered live in midtown Tuesday morning was to be “the most important” one of his career and at the end of it, we would “learn why Herbalife is going to collapse.” On CNBC, he acknowledged that he was “raising expectations,” but assured […]

    / Jul 22, 2014 at 1:53 PM
  • SAC Capital Portfolio Manager Arrested In New York

    News

    Mike Steinberg Not Afraid To Make A Grown Man [Who May Or May Not Have Been Feeding Him Inside Info] Cry

    Michael Steinberg was furious after receiving an email in October 2010 from a research consultant he had hired, according to the lawyer for the SAC Capital Advisors LP portfolio manager. In the email, the consultant told his clients that the Federal Bureau of Investigation had contacted him about insider trading. Mr. Steinberg called the consultant […]

    / Dec 10, 2013 at 3:42 PM
  • billackman

    News

    Area Hedge Fund Manager Doesn’t Get Emotional About Investments Except The Times He Cries In Public About Them

    I’ve seen my share of odd moments during annual meetings, but until Thursday I’d never seen a grown man cry during one. O.K., maybe “cry” is a bit of an overstatement for what happened. Still, it was pretty startling when, in the middle of his speech to Target Corporation shareholders, William A. Ackman, the hedge […]

    / Oct 7, 2013 at 1:24 PM
  • billackmanpershingsquare

    Hedge Funds

    Bill Ackman Does Not Act, Bill Ackman Feels Deeply (And Does Not Appreciate The Insinuation Otherwise, THANK YOU VERY MUCH)

    As we have discussed at length, when it comes to the art of regulating one’s emotions while investing, there are two models to choose from: The Dead Inside paradigm, wherein you remain calm, cool, and collected, maintaining the same expression on your face whether you’ve lost $1 billion on one trade or made three times that much on another; and The Bill Ackman. The mega-successful Pershing Square founder imbues emotion in everything he does, particularly when it comes to his job. As a man who wears his heart on his sleeve, in the past Ackman has been known to: cry at shareholder meetings; get extremely heated to the point of his face becoming “flushed,” his eyes “misty” when meeting with SEC investigators; pen “long, emotional, late-night missives” to top SEC brass; and erupt on directors of companies with such passion that his “furious outburst” could be “heard in an outside hallway.”

    As there are few on Wall Street who exhibit such raw emotion while conducting business, and there is a propensity by some to employ tactics that will put them in the power position when facing foes, perhaps it should not come as too much of a shock that recently, a reporter asked Ackman whether or not the waterworks or displays of indignation are pre-planned, in front of a mirror. For those who’ve long known Ackman has more integrity in one salty tear than most have in their entire body, his answer will not come as a shock, but to set the record straight, for anyone holding out hope of seeing him do a little regional theater at some point in the future:

    / Dec 4, 2012 at 4:11 PM
  • News

    Does The British Business Lady Who Just Felt Really Passionately About Her Clients Having Drinks, Cigarettes, And Pet Names Deserve A Second Chance?

    Gang, something’s come up in across the pond that needs our immediate attention. I’ll get right to it: at issue is whether or not “high powered financial adviser” Amanda Daughters should be allowed to have her job back at Aqua Financial Solutions, the firm she founded and was fired from by the chairman a couple years back. She’s currently appealing the decision but ahead of hearing what an employment tribunal has to say, why not give Daughters a trial by jury of her peers? Here’s the rub:

    On January 22, 2010, Daughters left the office to sit down with a couple clients at an off-site meeting place (a bar). Naturally, she got there a few (4) hours early to have a bunch (12*) of drinks. So far, so good. When the clients arrived, one ordered a “spritzer,” which was not to Daughters’ liking, which would explain why she proceeded to “berate” the woman to the point of tears. Then Daughters had a few more drinks. At this point, things apparently got “hazy” for AD who, while she can’t recall much, remembers thinking that making the client cry was “not unduly serious,” as the woman accepted her apology. Then Daughters had a few more drinks. Around this time, she “dragged the other client outside to have a cigarette, even though he was a non-smoker” and called him a cunt (which despite her obviously having meant as a joke was received as “shocking and offensive”). Forty** drinks later, Daughters took herself home and despite being more or less black out drunk, had this weird feeling she’d done something she’d be embarrassed about the next day and called up hr chairwoman to let her know she’d “fucked up again and offended a client.” Having been there before, Daughters also sent an email to the client the following morning to say “I hope you can forgive me.”

    Unfortunately, the client and the chairwoman couldn’t, which resulted in Daughters’s firing for “gross misconduct.” And while Big D realizes maybe she should have done a few things differently, she’s not in agreement a few drinks, a few tears, and a few “you’re a cunt”s are necessarily grounds for dismissal.

    So! Does this lady deserve her job back? On the one hand, perhaps downing 75 drinks prior to and over the course of a client meeting is not the most professional way of conducting business. Okay. That’s fair. On the other, she clearly possesses the type of self-awareness any employer would pay good money to have on staff, as evidenced by the “fucked again” call. Please weigh in now.

    Businesswoman sacked after complaining client drank spritzers [Telegraph]
    *Guessing.
    *Ball park.

    / Mar 22, 2012 at 3:01 PM
  • birds

    This Is A Story About The Obstacles Ray Dalio’s Former Assistant Faced In Shipping A Bird The Boss Had Stuffed And Mounted After It Was Shot By A Client

    It was a particularly windy day in Westport, CT and I delicately placed the mounted bird in my passenger seat, gingerly wrapping the seat-belt around its midsection without mussing the feathers. Carrying the bird in and out of the post office and several shipping stores became more hilarious each time. People stared. I smiled back. Finally though, when I’d reached the last place in the area that I could try before getting back to the office on time, I wasn’t going to take ‘no’ for an answer. The clerk gave me a look of disbelief when I placed the bird on the counter and I said, “I need to ship this to Japan.” He just laughed at me. I then looked at him sternly and said, “This is no laughing matter. This bird needs to make it to Japan in flawless condition or I will lose my job.” The guy looked back at the bird and then back at me. By then I had used my acting skills and summoned some tears. Finally he agreed to try and crate the bird for shipment. I still don’t know to this day if it made it past customs, but I was satisfied that I had not given up on my task. [Dealbook, related]

    / Mar 13, 2012 at 3:38 PM
  • News

    Allen Stanford Puts On Unusually Brave Face While Hearing Verdict Of Guilt

    April 7, 2009: The then Sir Allen Stanford chokes back tears over being deprived of being named Forbes’ 405th richest person in the world as a result of the Ponzi charges (which he described as “baloney” and informed a reporter using the dirty word, “If you say Ponzi to my face again, I will punch you in the mouth”).
    March 6, 2012: “A federal jury convicted international financier R. Allen Stanford on 13 of 14 charges of money laundering and fraud in a Ponzi scheme that lost billions of dollars for investors…As the verdict was read Mr. Stanford, wearing a dark suit, turned to where his family members were sitting and appeared to mouth the words, ‘It’s OK.'”

    / Mar 6, 2012 at 3:15 PM
  • News

    Area Greenwich Man: Shoulda Been Me

    All Frank Farricker is saying is that if he’d bought the winning Powerball ticket? He would’ve acted like it meant something to him, unlike Mr. It’d Kill Me To Crack A Smile over here.

    / Nov 28, 2011 at 7:29 PM
  • Hedge Funds, News

    Tech Venture Capital Community Views Hedge Fund Money As Impatient, Unsupportive, Scary, Devil-Esque

    As those of you’ve been paying very careful attention may have noticed, Wall Street is pretty into tech these days. Morgan Stanley is underwriting every single IPO available, Goldman Sachs has money in Mark Zuckerberg’s poking machine and LinkedIn is making Jim Cramer’s head explode. Hedge funds, however, want more. While Peter Thiel famously invested […]

    / Jul 12, 2011 at 10:47 AM
  • News

    How’d You Like Too Big To Fail?

    If you watched the HBO version of Andrew Ross Sorkin’s book last week, what kind of tears did you shed while watching?

    / May 31, 2011 at 1:57 PM
  • News

    Bob Moffat Will Drown The Next Person Who Tries To Suggest His Relationship With Danielle Chiesi Was Just About Sex

    Drown them in his tears, that is. (For those of you keeping up at home the answer is yes, this is the second time on record the former IBM exec has cried in public re: Chiesi, the fishnet-wearing analyst he traded all kinds of tips with if you’re picking up what I’m throwing down and […]

    / Jul 6, 2010 at 7:01 PM
  • News

    Pershing Square Has An Official Rule About Kicking People In The Nuts

    As you’re likely aware, one of the most important skills to master when you’re in this money making game is to be able to regulate your emotions. You can’t freak out every time you lose a little cash, and on the flip side, it’s probably a good idea to avoid doing an end-zone dance on […]

    / May 3, 2010 at 2:45 PM
  • News

    Stuyvesant Town Hurt Larry Fink On Very Deep Level

    When big money mangers make decisions that result in clients getting screwed, most people assume said managers don’t really give a rat’s ass. They still have their vaults of hundos to console them, and while they often write letters and release statements saying they’re sorry, that they want to regain investors’ trust, and so on […]

    / Mar 2, 2010 at 3:22 PM
  • News

    Anil Kumar Pleads Guilty In Galleon Case

    The former McKinsey director pleaded guilty to one count of securities fraud and one count of conspiracy to commit securities fraud in Federal District Court in Manhattan. Mr. Kumar told the court that he had leaked to Mr. Rajaratnam that Advanced Micro Devices was planning to acquire ATI Techonologies. The leak occurred in March 2006 […]

    / Jan 7, 2010 at 3:10 PM
  • News

    Bill Ackman On Why He Teared Up During Last Week’s Target Shareholder Meeting

    As many of you are aware, Bill Ackman lost his Target battle last week, a fight he’s shed blood, sweat and tears over. Like, actual tears. As noted here on Thursday, the Pershing founder visibly choked up during his presentation. He didn’t have to explain the show of raw emotion to us, or most of […]

    / Jun 1, 2009 at 4:39 PM
  • News

    Angelo Mozilo More Or Less Suggests Bank Of America Stock Up On Lube

    Countrywide CEO Angelo Mozilo nearly started crying at the last CFC shareholder meeting. The salty discharge was overshadowed, comedy-wise, however, by the Moz’s promise– and he actually said this– that Bank of America “will reap the benefits of what we have sowed.” If that is not the greatest veiled threat EVER uttered, I don’t know […]

    / Jun 26, 2008 at 1:03 PM

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