Wall Street

  • Museum, Wall Street

    Someday, All Of Wall Street Will Be A Museum

    [Editor’s Note: DealBreaker correspondent Everett Stuckey just returned from covering an important event on Wall Street. His report:] When I was an analyst scurrying back and forth to my rat’s nest/cubicle the one thing that was missing from my life (besides a soul) was another tourist trap on wall street. Cause what I really need […]

    / Jan 9, 2008 at 2:23 PM
  • Wall Street

    The Damage To Wall Street’s Investors

    This has been a rough year for investors in Wall Street firms, many of whom work at the firms themselves. The Amex Broker-Dealer Index is down for the year, as are the shares of nearly every Wall Street investment bank and brokerage. With the exception of Citigroup, most started the year out with gains in […]

    / Oct 24, 2007 at 1:09 PM
  • banking culture, Wall Street

    Wall Street Still Stressful, Less Drug Addled

    Wall Street is a place of legendary stress. And legendary techniques for stress relief. Jim Cramer was once famous for smashing computer key boards. John Mack used to pulverize telephones. We once had an M&A bigshot throw an entire telephone console at us. There are therapists who specialize in dealing with the stresses of life […]

    / Oct 15, 2007 at 2:07 PM
  • movies, Wall Street

    Oliver Stone Is Disappointed In, Flummoxed By, Disgusted With Wall Street

    Why is Oliver Stone sitting idly by while someone else makes his sequel? Old boy doesn’t much care for the Street, in its current form. For one thing, it’s no longer a place where a little guy can earn himself some ill-gotten gains on his own two feet. “Gordon Gekko couldn’t manipulate the markets like […]

    / Sep 24, 2007 at 1:18 PM
  • Wall Street

    Reflections on Being and Non-Being
    Fashion Week, Fantasy Football and An Encounter With A CDO Cowboy

    Last night we found ourselves at some stupid fashion week party where we learned two things. First, fashion week is just fantasy football for girls. Second, there is no CDO business on Wall Street these days. The latter became crashingly clear when we ran into a guy in the structured credit products business who we […]

    / Sep 6, 2007 at 10:02 AM
  • Wall Street, women

    Dana Vachon’s Women of Wall Street, With Penelope Trunk

    We were getting a pedicure yesterday and were thus in closer proximity to a stack of horrible women’s magazines than we usually like to be. Since they’re all the same mindless trash, we randomly selected the Marie Claire with a hungry-looking Ashley Olsen cover girl off the top and set to work educating ourselves about […]

    / Aug 13, 2007 at 4:00 PM
  • Wall Street

    Market Contagion Spreads To Hipster DJs

    We’re not sure what this means but we’re sure it means something when Sarah Lewitinn, the famous hipster DJ and music taste-maker who is also known as Ultragrrrl, starts worrying about subprime effects on the broader financial markets. So while trying to find articles to explain to a friend of mine exactly what’s about to […]

    / Aug 10, 2007 at 9:40 AM
  • Compensation, Hedge Funds, Make Money Money Take Take Money Money, Wall Street

    Rich People Are Awesome

    Delving further into its favorite class war between the Haves and the Have-Mores this weekend, The New York Times found that in Silicon Valley, people who are rich don’t feel rich compared to their very rich neighbors. And they’ll try anything—even working a whopping twelve hours a day—to move into that next tax bracket. You […]

    / Aug 6, 2007 at 2:32 PM
  • Make Money Money Take Take Money Money, Wall Street

    Answer: Working on this street will earn you the most money without holding you accountable for any of your failings.

    Maria Bartiromo: [Five second face] Dennis Berman: What is Wall Street? Yes, people, Dennis Berman’s answer (and column from yesterday’s Wall Street Journal) would suggest that he’s on to your little game. Don’t even act like you don’t know what we’re talking about. You know, and we know, and Dennis knows. You get your bonus […]

    / Aug 1, 2007 at 11:48 AM
  • Wall Street

    The Freeze Is On

    After adding 10,000 employees in June, the U.S. Securities Industry is now 848,300 worker bees strong, higher than the March 2001 level of 840,900. This is a new all-time record, and June was the biggest single month gain in number of employees since June 2000. Despite the record number of big winners trolling the Street, […]

    / Jul 30, 2007 at 1:53 PM
  • banking culture, Summer, Wall Street, watch fetish

    Look at my $40,000 watch!

    1928 was a great year to be a WASP—the Crash hadn’t yet happened, no one questioned the sexuality of a man who adorned his body with silk twill pocket squares, and Mein Kampf was going into its ninth printing (only to be outdone several years later by Dana Vachon’s Mergers and Acquisitions, now in it’s […]

    / Jul 27, 2007 at 11:13 AM
  • Wall Street

    Wall Street, PA

    What’s more conceivable: that there’ll be another terrorist attack on par with 9/11 or that Pennsylvania could be a stand-in for Wall Street in the event of the former coming to blows? If you’re one of the officials from the Keystone State trying to “capitalize on fears of the chaos another terrorist attack might cause […]

    / Jun 8, 2007 at 9:58 AM
  • Wall Street

    Ken Griffin::Gordon Gekko?

    One of our more charitable friends recently told us that at the Robin Hood dinner he attended last week, Michael Douglas sat next to none other than Mr. Citadel himself, Ken Griffin. Maybe it was just a completely random choice by the caterer (or maybe it didn’t happen at all—we take everything our friends in […]

    / May 9, 2007 at 1:10 PM
  • Activist Investors, Carl Icahn, Wall Street

    Who Said It? Corporate Raider Activist Investor Home Game

    As those of you who read Opening Bell already know, Carl Icahn lost his bid for a seat on Motorola’s board yesterday. He’d previously written a letter to shareholders describing the current board as “passive and reactive” and detailed its failure to “steer management in the right direction.” Icahn failed to win the support of […]

    / May 8, 2007 at 12:28 PM
  • Academia, Wall Street

    Is Wall Street Hurting US Intelligence?

    The revelations of George Tenet were the talk of the Sunday morning political shows this week. Despite Tenet’s defense of his own work and the work of the rest of the Central Intelligence Agency, there is still the widespread impression that our primary intelligence gathering agency is broken. The causes of the CIA’s problems are […]

    / May 7, 2007 at 4:10 PM
  • Wall Street

    Où sont the ladies?

    The other day, Keith and I were sitting around discussing life and things of that nature when the conversation turned to the physical act of love. Not the actual physical act of love—would that he I could be so lucky!—but the topic of the physical act of love. He wondered why it was so hard […]

    / Apr 24, 2007 at 3:21 PM
  • Wall Street

    The Efficiency Debate: Why Is Finance Making So Much Money?

    Our old corporate finance professor used to love to torture his classes with the question: will increased efficiency and better information technology make Wall Street firms more or less wealthy. If you think that the capital markets have been getting more efficient, the answer seems obvious: hedge funds, investment banks and private equity firms are […]

    / Apr 16, 2007 at 11:42 AM
  • Hedge Funds, Hollywood, Wall Street

    IMAX: Tonight They Dine In Hell?

    The proposition that Wall Street and hedge fund financial know-how can save the faltering movie business is at the very least being challenged by the faltering fortunes of IMAX, which is controlled by its two largest shareholders, co-chief executives Rich Gelfond and Brad Wechsler. The two are former Drexel Burnham Lambert investment bankers who purchased […]

    / Apr 9, 2007 at 10:01 AM
  • Wall Street

    Kids Everywhere Falling Into the Abyss of Finance

    Every now and then it’s good to be reminded how work in finance is perceived by much of the world beyond Wall Street—and we’re not talking about Greenwich here, but the world outside of the metaphorical Wall Street, beyond finance. The public understanding is informed by film and television, of course, which generally portray finance […]

    / Apr 3, 2007 at 2:59 PM
  • Wall Street

    That Cranium On Giovanni Ribisi’s Body Just Looked Too Bobble-Headish

    This was probably inevitable. With the explosion of Wall Street books and press and public interest focused on insider trading, bonus-eating Wall Streeters and backdating corporate executives, we were way overdue for another movie about the villainy of finance. When was the last one of these we saw? Could it really be “Boiler Room?” (“American […]

    / Mar 27, 2007 at 5:02 PM
  • Wall Street

    London: Less English, More Finance

    Our Irish grandmother used to say that London would be a nice place if not for all those English people. Well, it turns out that this is precisely what makes London such a fabulous place for finance: lots of non-English, according to New York magazine. London has always depended on trade and immigration. Even in […]

    / Mar 19, 2007 at 1:11 PM
  • Wall Street

    Fixed Income and Equities Traders Down, Structured Products Up, And The Coming Math Teacher Shortage

    MarketWatch has a report on the latest hiring trends on Wall Street. It’s like reading the first chapter of Frank Partnoy’s FIASCO. Structured products are back, baby! Among the most sought-after positions are in capital markets. Bankers and traders who have experience structuring collateralized debt obligations, or CDOs, are in high demand to feed departments […]

    / Mar 14, 2007 at 11:17 AM
  • banking culture, parties, Wall Street

    Roth: “Everyone Goes Home With An STD Or No One Goes Home At All”

    The other day, John, me, The New Guy and the proprietor of Todd Mahal (Todd Thomson to you) were lamenting the lack of spirit on Wall Street these days. TT was all, “You really can’t meet any quality women at after hours functions unless you’re putting money in their g-strings or giving them comped flights […]

    / Feb 5, 2007 at 9:51 AM
  • legal, Wall Street

    For Example, Carney Would Be Very Upset To Hear We Told You He Once Entered A Vanilla Ice Look-a-Like Contest And Won

    We’ve all got skeletons in our closets. Drug problems. Quickie marriages in Vegas over spring break. That truly heinous angora sweater we paid far too much for back in ’03, and those stiletto boots that required the assistance of two people to get on and off, that we couldn’t walk more than two blocks in […]

    / Feb 2, 2007 at 12:39 PM
  • Compensation, Wall Street

    Bush Faces Tough Crowd At Caroline’s On Wall Street

    Yesterday we told you that the reason for the Dubya’s visit to Wall Street was two-fold: to create the illusion that he’s done something besides screw up in Iraq and post admirable poll ratings, and to inconvenience those of you in need of caffeine. Apparently there was another reason he hopped on the Acela from […]

    / Feb 1, 2007 at 4:19 PM
  • Wall Street

    Bush Fawns Over Wall Street, Fucks Over Wall Streeters

    Bush’s “State of the Economy” speech is happening rightthissecond at Federal Hall on Wall Street. Unlike the State of the Union, the SE is not an annual party, but one delivered at the whim of the Commander in Chief, whenever he has a premonition that his numbers are bad enough that he needs to book […]

    / Jan 31, 2007 at 12:02 PM
  • Bloomberg, Charles Schumer, Wall Street

    Wall Street: The Rumors Of My Death Have Been Greatly Exaggerated. Or Have They?

    Earlier this week, you’ll recall, if you read this site, we regurgitated the news that Bloomberg and the Schumster had issued a report heralding the death of Wall Street. “60,000 jobs” and “$25 billion” and the need for “looser European-style regulations” and “F Sarbanes-Oxley” was the gist of it (we think—we kind of just glossed […]

    / Jan 26, 2007 at 4:03 PM
  • Wall Street

    Police Shooting Protest Comes To Wall Street

    If your office is anywhere near the financial district, prepare to be inconvenienced by the incursion of New York City’s still-imitating-the fiction-of Tom-Wolfe racial politics at noon today, when the moveable Sean Bell protest hits Wall Street. After thousands of protesters filled the city’s famous Fifth Avenue, activists angry about a fatal police shooting have […]

    / Dec 21, 2006 at 10:35 AM

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