Opening Bell: 01.25.10

Author:
Updated:
Original:

Goldman Said to Limit London Partners' Compensation (Reuters)
The banks will cap the salary and bonuses of its London partners at 1 million pounds ($1.6 million), affecting about 100 employees across the pond.
AIG Restricts Use Of Corporate Aircraft (Reuters)
For all executives except Robert Benmosche, obviously, according to a regulatory filing.
More on N.Y. Fed's Actions on A.I.G. Details (DealBook)
The New York Fed kinda tried to get the SEC to keep the AIG bailout details on the hush-hush.

Hedgies Are Back And Having A Ball
(Times Online)
Everyone was there: GLG's Pierre Lagrange, Gartmore's Roger Guy, Lansdowne's Paul Ruddock and Tony Chedraoui of Tyrus. Jabre Capital won fund of the year. Its founder Philippe Jabre delivered a magnanimous acceptance speech before urging his fellow hedgies to join him in Geneva -- "it's a lovely place." Two guests were heard moaning about the "cheap champagne."

Bankers to lobby for softer reforms at Davos
(FT)
"It's not about being too big but about the interconnections," said one banker. Executives said they would push quietly against the reforms to avoid giving the US president the "fight" he promised last week.
Tiger's Thanksgiving Mystery-- Solved (TDB)
Elin "confirmed her lingering suspicions about Tiger's affair with Uchitel by impersonating her husband in text messages with Uchitel, prompting the rage that led to Woods fleeing his house."
Citibank in 2011, Hypothetically (BreakingViews)
Timothy F. Geithner as Global Head of Strategy and Investor Relations.


Swiss Not Yet Handed Over UBS Client Data (Reuters)
They're working on rectifying the issue but there are a lot of names to keep track of!
Tony Blair to receive £££ from Tory hedge fund (FT)
TB will give four "geopolitical" talks to staff at Landsdowne Partners (at £50-£100,000 per speech), with the possibility of a more permanent role in the future.
Tishman Venture Gives Up Stuyvesant Project (WSJ)
"It has become clear to us through this process that the only viable alternative to bankruptcy would be to transfer control and operation of the property, in an orderly manner, to the lenders and their representatives," the venture said in a statement to The Wall Street Journal. "We make this decision as we feel a battle over the property or a contested bankruptcy proceeding is not in the long-term interest of the property, its residents, our partnership or the city."

Related