October 27, 2021
Updated:
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Write-Offs: 05.21.12

$$$ J.P. Morgan Suspends Share Buyback [WSJ] $$$ Bank of America's CEO 'Comfortable' With Investments [CNBC] $$$ Gupta ‘Threw Away His Duties,’ Prosecutor Says In Opening [Bloomberg] $$$ France, Germany Fail to Resolve Differences Over Euro Bonds [WSJ] $$$ U.S. lets China bypass Wall Street for Treasury orders [Reuters] $$$ MF Global's Corzine Got More Than $8 Million in Year Before Collapse [WSJ] $$$ S&P is looking for an associate to rate media and entertainment companies in Chicago - interested? [DBCC] $$$ "On average, for every additional 1% a company returned to shareholders between 2009 and 2011, the CEO was paid 0.6% more last year, the analysis found. For every 1% decline in shareholder return, the CEO was paid 0.6% less. ... In 2010, there was no correlation; for every 1% decrease in shareholder return, the average CEO was paid 0.02% more." [WSJ]$$$ Enron Ex-CEO Seeks Retrial On ‘New Evidence,’ Lawyer Says [Bloomberg] $$$ SEC move set to boost covered bonds in US [FT] $$$ With New Firepower, S.E.C. Tracks Bigger Game [DealBook] $$$ The New York Times printed a giant Gretchen Morgenson story about insider trading except there was no insider trading [Reuters / Felix Salmon, also Reformed Broker] $$$ Taxi Panel May Raise Fares Up to 20% [NYT] $$$ Gal claims she was 'too hot' to work in lingerie shop, forced to wear robe before getting boot: suit [NYP]
Author:

$$$J.P. Morgan Suspends Share Buyback [WSJ]

$$$Bank of America's CEO 'Comfortable' With Investments [CNBC]

$$$Gupta ‘Threw Away His Duties,’ Prosecutor Says In Opening [Bloomberg]

$$$France, Germany Fail to Resolve Differences Over Euro Bonds [WSJ]

$$$U.S. lets China bypass Wall Street for Treasury orders [Reuters]

$$$MF Global's Corzine Got More Than $8 Million in Year Before Collapse [WSJ]

$$$ S&P is looking for an associate to rate media and entertainment companies in Chicago - interested? [DBCC]

$$$ "On average, for every additional 1% a company returned to shareholders between 2009 and 2011, the CEO was paid 0.6% more last year, the analysis found. For every 1% decline in shareholder return, the CEO was paid 0.6% less. ... In 2010, there was no correlation; for every 1% decrease in shareholder return, the average CEO was paid 0.02% more." [WSJ]

$$$Enron Ex-CEO Seeks Retrial On ‘New Evidence,’ Lawyer Says [Bloomberg]

$$$SEC move set to boost covered bonds in US [FT]

$$$With New Firepower, S.E.C. Tracks Bigger Game [DealBook]

$$$ The New York Times printed a giant Gretchen Morgenson story about insider trading except there was no insider trading [Reuters / Felix Salmon, also Reformed Broker]

$$$Taxi Panel May Raise Fares Up to 20% [NYT]

$$$Gal claims she was 'too hot' to work in lingerie shop, forced to wear robe before getting boot: suit [NYP]

Related

News

Write-Offs: 09.24.12

$$$ Tables turn on Spain with pressure to seek bailout [Reuters] $$$ Maybe David Viniar will be Goldman's chairman when Lloyd retires and Gary is CEO? [WSJ] $$$ "The study found that for a sample of modifications to securitized subprime mortgages, a 10 percent reduction in the monthly payment was associated with a 4.5 percentage point reduction in the twelve-month redefault rate." [New York Fed] $$$ "If Apple continues on its current trajectory, something remarkable might happen on April 9, 2015, at around 11 a.m. That is, statisticians and investors I've spoken with say, a conservative estimate of when Apple could become the first company ever to be valued at $1 trillion." [NYT!] $$$ Welcome to the world Quartz! [Qz] $$$ "To call the Berenstains anthropomorphized bears insults both humans and bears." [NetNet / John Carney] $$$ Credit Suisse is looking for a research analyst for commodity strategies in asset management in New York [DBCC] $$$ U.S. Corporate Bond Tally Could Top $100 Billion in September [WSJ] $$$ Meredith Whitney is still pretty sure banks will fire a lot of people [CNBC] $$$ William Cohan confuses himself horribly about Whaledemort [Bloomberg] $$$ Mario Batali is paying $1.15mm to Del Posto employees to settle a lawsuit over wages, tips, overtime and discrimination [Diner's Journal] $$$ Hillary Clinton Aide Tells Reporter To “Fuck Off” And “Have A Good Life” [BF] $$$ Mitt Romney Doesn’t Get Why Airplane Windows Don’t Open [DI]

Write-Offs

Write-Offs: 03.01.13

$$$ Here's Warren Buffett's shareholder letter [BRK/A] $$$ JPMorgan No. 1 Investment Bank Amid a Flurry of New Deals [Bloomberg] $$$ Goldman Sachs trims risk-taking to lowest level in 7 years [Reuters] $$$ Look Out, Wall Street: The Goldman Sachs Partners Ball Is Back [DI] $$$ Groupon CEO Andrew Mason's severance: $378.36 [CNN] $$$ An investment bank is looking for a head of investment advisory compliance in New York [DBCC] $$$ SecondMarket to Launch Student-Loan Securities Platform [WSJ] $$$ Give us a formula, Argentina [FTAV] $$$ MBIA flags 'going concern' doubts, liquidation risk for unit [Reuters] $$$ New York Men Looking for Sequester Sex on Craigslist [DI]

Write-Offs

Write-Offs: 02.22.12

$$$ Schapiro Questions Role of High-Frequency Traders [WSJ] $$$ Morgan Stanley veterans plan advisory boutique Dean Bradley Osborne or DBO Partners [FT] $$$ Charlie Gasparino: Preet Bharara plans to profit from taking credit for insider trading prosecutions [FBN] $$$ New York Federal Reserve Said to Plan Sale of AIG-Linked Mortgage Bonds [Bloomberg] $$$ UWS lawyer's wife paid $42,388 so husband could meet Knicks' Lin, take home jersey [NYP] $$$ A leading private equity firm is looking for an Energy associate [eFinancial Careers]

News

Write-Offs: 06.20.12

$$$ Fed Extends Twist, Signals Concerns [WSJ] $$$ Reasons to be sad about the Fed [Tim Duy] $$$ Berlusconi Casts Doubt on Austerity Plan [WSJ] $$$ Rompuy Blueprint Said To Include Options On Debt, Bank Oversight [Bloomberg] $$$ Standstills in Change of Control Transactions [HLS] $$$ With all words from Greek, Roman, Norse, etc. myths already taken, Peter Thiel named a fund after a metal from The Lord of the Rings [DI] $$$ A leading New York hedge fund is looking for a general counsel - could it be you? [DBCC] $$$ Regulators Back Off Tougher Curbs on Oil [WSJ] $$$ Ex-Orioles player Eddie Murray is part of insider trading inquiry [Reuters] $$$ The Mormon Madoff: How Shawn Merriman Scammed Millions $$$ NYSE CEO: Public Has Lost Trust inMarket [WSJ] $$$ Madam still stuck at Rikers [NYP]

Write-Offs

Write-Offs: 06.28.12

$$$ There's an EU summit going on [Bloomberg] $$$ There was a Supreme Court decision today [Slate] $$$ EFSF/ESM 2ndary market bond purchases wouldn’t bring much relief [Megan Greene] $$$ Neither will Eurobonds [EconoMonitor] $$$ JPMorgan to announce $5bn ‘whale’ loss [FT] $$$ Local Porn Stars Will Make Good on Offer to Give Anyone a BJ After Heat Championship [Miami New Times] $$$ BoNY Mellon is looking for a prime brokerage salesperson in Jersey City [DBCC] $$$ PIMCO's Gross: U.S. is "best of the worst" investment [Reuters] $$$ Moody’s downgrades eight Brazilian banks [FT] $$$ Cravath, Swaine & Moore Names a New Leader [DealBook] $$$ Are Shareholders Ruining Corporations? [Gawker] $$$ Italy 2 - 1 Germany [WSJ]

News

Write-Offs: 03.22.12

$$$ Volcker Rule Delay and Simplification Gains Support in Congress [Bloomberg] $$$ Fed Official Signals Guidance on 'Volcker Rule' [WSJ] $$$ UBS hires dealmaker Orcel [FT] $$$ Credit Suisse Names Sole Head of Investment Banking [DealBook] $$$ Drake's new music video will feature a re-enactment of his bar mitzvah [Miami Herald] $$$ AIG Repays $1.5 Billion, a Year Ahead of Schedule [CNBC] $$$ Student-Loan Debt Tops $1 Trillion [WSJ] $$$ Allen Stanford’s Twitter Complaint Fails to Win Retrial [Bloomberg] $$$ "[E]mail has to be replaced with a new protocol. This new protocol should be a todo list protocol, not a messaging protocol, although there is a degenerate case where what someone wants you to do is: read the following text." [Paul Graham] $$$ Bid-ask spreads will getcha [Economix]

Write-Offs

Write-Offs: 01.23.13

$$$ Goldman not negligent in arranging Dragon sale - jury [Reuters, earlier] $$$ Kashkari to Leave Pimco, Enter Politics [WSJ] $$$ Apple Earnings Top Forecast but Revenue Falls Short [CNBC] $$$ What Is Business Borrowing For? [Slack Wire] $$$ We Must Build An Enormous McWorld In Times Square, A Xanadu Representing A McDonald's From Every Nation [The Awl] $$$ A global financial firm is looking to add an experienced prepayment modeler to their quantitative team in New York [DBCC] $$$ KKR Agrees to Buy 25% Stake in Hedge Fund Nephila Capital [Bloomberg] $$$ Goldman seeks to block shareholder vote on independent chairman [Reuters] $$$ Pemex Snaps Mexico’s Bond Sale Drought With $2 Billion Offering [Bloomberg] $$$ ‘Inigo Montoya’ shirt upsets travelers, leads to awkward flight [Yahoo News]

Write-Offs

Write-Offs: 12.06.12

$$$ IIF Bank Group: Greek Debt Buyback Likely To Reach Target [WSJ] $$$ Doing the Shareholder Sidestep [DealBook] $$$ Netflix CEO Hastings Faces SEC Action Over Facebook Post [Bloomberg] $$$ Rush to set up ‘ultra-short’ bond funds [FT] $$$ Bain leads private equity firms in use of low-tax payouts [Reuters] $$$ Financial Times Discovers Hip-Hop Slang From Last Century [DI] $$$ A multi-billion-dollar asset management firm is looking for a quantitative execution junior equities trader in New York [DBCC] $$$ Partners’ Stake in Goldman Sachs Rises [DealBook] $$$ Defaulted Bondholders Undeterred as Gains Hold [Bloomberg] $$$ Will JPMorgan's 'Jes' Staley Jump Ship? [CNBC] $$$ Brooklyn couple makes breakup video to announce split to their friends [NYDN via Kevin Roose] $$$ Snoop [Lion] Asked Himself a Question About His Own Weed Habits on Reddit [NYO]