Succession
HSBC Probably Already Counting The Days Until Its Next CFO Leads Its Next Unsuccessful Coup
Who knows? Maybe Georges Elhedery will be more patient than all of his predecessors and win the crown… eventually.
Ray Dalio Departs Enchanted Forest For Cave Of Contemplation For The Final Time
As co-chief investment officer of Bridgewater, anyway.
Man Who Paid Himself $3.9 Billion To Run Hedge Fund Thinks Guy Running Hedge Fund Is Overpaid
Also, the same man who failed to notice the continent-wide bribery ring run by his lieutenant isn’t impressed with the hedge fund’s corporate governance.
Ray Dalio Manages Best Return In Years, New Scheme To Pretend He’s Not In Charge Again All In Same Month
For his part, David Shaw just kicked back and enjoyed the fruits of a successful transition in style.
Hapless Irish Dad To Remain Hapless Bank CEO For Years To Come
Brian Moynihan is staying put for the foreseeable future.
Morgan Stanley To Uphold Oldest Wall Street Tradition
There’s a “girls not allowed” sign on the CEO office’s door.
Ray Dalio Makes Himself Vice President Of The Bridgewater Senate
Ties are broken by the most Principled among them.
Leon Black Did Nothing Wrong, Will Stop Being Apollo CEO Anyway
He did do twice as much not wrong as previously reported, and is almost 70, so…
The Or-Ackman Of 11th Avenue Accepting Charity Lunch Offers
The torch has been passed to a new generation, and at a steep discount.
On Second Thought Dan Loeb Needs No Help
In troubled times, there’s only one point at Third Point that matters.
Marianne Lake's Destiny Is Now A Footrace
Michael Corbat promotes Jane Fraser to heir apparent at Citi, meaning Jamie Dimon better retire if he wants to make herstory.
Citi President Decides To Spend More Time Not Dreading The Day He Turns Into Michael Corbat
Jamie Forese is stepping down from his role as Corbat's heir apparent.
David Solomon Goes Lady MacBeth On Marty Chavez
Poor John Waldron will never know what evil he has done for love.
Welcome To The Summer Of Lloyd!
Lloyd Blankfein is going to spend the next two a half months existing somewhere between TGIF and DGAF.
Goldman Sachs To Officially Announce That David Solomon Will Keep CEO Chair Warm For Marty Chavez
DJ D-Sol about to let the beat...mmmmmm, DROP!
Ray Dalio Has A Convoluted New Plan To Pretend He’s Not Running Bridgewater Anymore
Something about a partnership and phantom equity holders and a “continuously improving perpetual motion machine.”
Area DJ Lies To CNBC
David Solomon tells David Faber that he's focused on being COO and there's no succession timeline at Goldman Sachs.
Anyone Not Named Steve Schwarzman Or Jon Gray Best Not Get Too Comfortable At Blackstone
The “S” in GSO Capital Partners is taking his leave.
Harvey Schwartz Lays Down His Knives And Abdicates The Goldman Sachs Throne To A 55-Year-Old EDM DJ
Harvey Schwartz's "retirement" gives David "DJ D-Sol" Solomon the keys to Lloyd's kingdom.
WSJ: Lloyd Blankfein Will Step Down In 2018 To Spend More Time Making His Family Compete To Replace Him
Gary Cohn's week just gets better and better.