that’s nice

  • 17 Apr 2012 at 12:43 PM

Goldman Sachs Probably Won’t Be Laying People Off Anytime Soon

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People being the operative word here, as the statement “we’re going to look for other means for efficiency” most certainly suggests plants may once again find themselves on the chopping block. Read more »

  • 11 Apr 2012 at 1:35 PM

Jon Corzine’s Got Money To Burn

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A bankruptcy judge said MF Global can use existing insurance policies to pay potential “wrongful act” legal-defense fees for former Chief Executive Jon S. Corzine and other executives, even as commodities customers continue to argue that they are entitled to at least some of the money. Judge Martin Glenn of U.S. Bankruptcy Court in Manhattan approved the request by MF Global to free up insurance money from two separate entities: a total of $150 million in potential coverage from a subsidiary called MF Global Assurance and as much as $225 million from U.S. Specialty Insurance Co. With $375 million in proceeds potentially available, Judge Glenn said he will place a “soft cap” of $30 million for the defense costs, with the parties required to come back to court for approval of further use of the funds. He overruled several customer objections. [WSJ, related]

Bonus Watch ’13: Paulson And Co.

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The bad news: even if Paulson and Co. turns things around in 2012, they might not get to collect performance fees, on account of potentially still being under water due* to last year’s annus fucking horribilis. The good news: John Paulson’s employees will still get paid, because that’s just the kind of guy he is. Read more »

  • 09 Mar 2012 at 11:24 AM

Bonus Watch ’12: MF Global

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The company’s top executives have apparently been a really big help post-biting the big one so this is only fair. Read more »

  • 24 Feb 2012 at 6:24 PM

UBS Hitches Its Wagon To Bear Stearns Alum’s Star

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Princes of Bear Stearns, kings of Lehman Brothers– have you attempted to gain new employment in the last several years only to encounter prejudice among people who learn of your past? Is pounding the pavement with Bear and Lehman on your resumes not unlike being forced to knock on the doors of your new neighbors and let them know about your registration on a certain list of individuals? Take heart– one investment bank would like to let it be known that while you may have an asterisk next to your name, it believes in second chances. Read more »

Whitney Tilson Was As Surprised As You Are To Learn That He Was Long Netflix On The Way Up

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NFLX is up 75% year to date so you probably assumed that Whitney Tilson had gotten rid of it sometime last year. You were not alone: Read more »

  • 31 Jan 2012 at 2:30 PM

Bain Capital Betting On Ryan Seacrest To Pluck Another Sex Tape Star From Obscurity

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Ryan Seacrest, the radio and TV producer and host of “American Idol,” garnered a commitment for as much as $300 million from Thomas H. Lee Partners LP and Bain Capital LLC to fund media ventures. The private-equity investors will provide capital to Ryan Seacrest Media to buy and develop companies, content and other properties, according to a statement today. Clear Channel Communications, the radio broadcaster controlled by the investors, will also participate…The accord deepens the ties between the private-equity groups and Seacrest, who hosts nationally syndicated radio shows carried by San Antonio-based Clear Channel, the largest U.S. radio broadcaster. Ryan Seacrest Productions makes “Keeping Up with the Kardashians,” the highest-rated show on the E! cable TV network, as well as spinoff programs. [Bloomberg]

  • 24 Jan 2012 at 10:27 AM

Let’s Talk About: CFA Level I Results

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Thirty-eight percent of the December™ Level I™ test-takers test-takers learn by email today that they’re one step closer to being able to guarantee investment results. As for your humble correspondent … Read more »

  • 20 Jan 2012 at 11:56 AM

Brady Dougan Is Waiting For His Thank You

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Remember, back in December 2008, when Credit Suisse announced it would be paying out bonuses comprised of toxic assets? And Brady Dougan was staring at the business end of a hissy fit from many a miffed employee, who thought good and hard about threatening to leave before realizing it was cold out there? Apparently things turned out pretty okay for them. Read more »

  • 21 Dec 2011 at 5:39 PM

Bonus Watch ’11: Eleventh Year Jefferies CEOs

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Richard Handler has declared himself not worthy. Read more »

  • 12 Dec 2011 at 3:50 PM

Raj Rajaratnam Could In Theory Hit Up Cabo For Spring Break This Year

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Raj Rajaratnam, the former hedge- fund manager serving an 11-year prison sentence for insider trading, can have his passport back, along with the title to his $17.5 million Manhattan apartment and $2.5 million in cash. [Bloomberg]