Carl Icahn Sure Does Miss The Days When Presidents, SEC Chairs Were More Inclined To Listen To Carl Icahn
Unsurprisingly, Gary Gensler’s idea of sensible securities regulation does not align with Uncle Carl’s.
After Finding Love For Himself, Bill Ackman Is Now Making It Harder For Others To Hook Up
Why you gotta c-block the United Technologies/Raytheon merger, Bill?
Bill Ackman's Pre-Nup With Chipotle Includes A Gag Order On Bill Ackman
The idea of "Silent Bill Ackman" is as easy to swallow as "Chill Bro Leon Cooperman."
Bill Ackman Is Basically Trying To Run Valeant Now
Step aside, J. Michael Pearson.
John Paulson Ditches Banks, Drums Up Some Business For Them
I think everyone who's ever worked at an investment bank saw at least a little something of themselves in the Journal's fat asshole article this morning. My own feelings are mixed since, for me, investment banking was a lifestyle improvement over a previous job that left me partially paralyzed from overwork (true story! I got better). So in a sense I don't have that much to complain about, but I did, and do, constantly and loudly and now on the internet. Part of what sucks about banking - that I think the Journal article missed - is the frequent pointlessness of your activity: you get on a plane, go see a guy, tell him about this awesome merger or financing or whatever you've got planned for him, shake hands, and fly away never to see him again. And by "never" I mean "not until six months later, after he's printed a deal away from you, when you go and do the same thing, but this time maybe you don't shave." You'd probably still be a fat, stressed, overworked cabbie-puncher if most of your ideas actually got executed, but you'd perhaps be less suffused with metaphysical dread. That's how I'd feel anyway. Then, I blog now. Anyway, a thing that I don't know anything about, and never ever want to know anything about, so don't tell me, is the proper price-to-book trading multiples of life vs. P&C insurance companies and whether there's a conglomerate discount for being in both businesses. So with that as a disclaimer I found this pretty damn convincing: