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more about #finance more comments → GlasgowRose: SAD. As in "Sick Asian Deviant" (Jiang) and "Sensitive (Not) and Desperate" (Gawker, towards Tong). Appreciate latter acronym actually = SNAD, btw. more » LeeroySpitzer: At least we can all agree that the film Secretary was hot, regardless. more » Trai_Dep: OK, after reading the full complaint, it loses much of its yucks. Especially including the victim's face. I'd imagine Jiang chortling mightily at the ... more » intime: This kind of thing, and I mean sexual harassment, not the exact acts described, have been happening to women in the business and academic world since ... more » topsy: There are a lot of jokes here and it's really fucked up. This poor man was terrorized and sexually assaulted. Is it funny because he's Asian? Or is... more » PontiusPirate: Eh, happens to the best of us. more » Trai_Dep: On the plus side, Mr. Jiang offered to have Mr. Tong's suits pressed after each and every forced sexual encounter on the corporate account. PS: on a ... more » nonethewiser: He should have suspected something when he was advised that appropriate "casual Friday" attire was a ball gag and leather hood. more » AzureTexan: ". . . and forcibly urinated into his mouth." I guess at SAC Capital, the golden parachute comes with its own shower. more » resipsaloquacious: I imagine this makes Denton's daily footrub lottery almost bearable. more » Smitros: I want to see what Mary Gaitskill thinks of this. more » rabbitangstrom: You have to expect, at the very least, a little tea-bagging if you work at a place called SAC Capital. more » phlox✔: Well, "Shitty Margins" usually equates to a more affordable product! Way to go Garmin! Socialislamofascists. FWIW, having a GPS (Garmin, in my case)... more » registered: Do we know he's an analyst or could he be a short? #modernandawkward more » BookishLookish: I heard he owns all the Sri Lankan-run porny shops in New York City. Gents, get your tugs and mags in today, tomorrow they may be shuttered. #crime more » -
#scandal
The Sick Orders of the World's Most Heinous Boss
The FBI is investigating possible insider trading at hedge fund SAC Capital, but the most outrageous thing to emerge from the case are allegations of how a perverse SAC manager tried to literally turn a trader into his literal bitch.
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#audiuhoh
'Holy Shit' Indeed: Analyst Curse-Out Like a Bracing Cold Shower for Garmin
Here's a nice, sharp break from the cheerleading and punch-pulling for which Wall Street analysts are notorious: A financier on Garmin's last quarterly call, cussing out company for shitty margins on a product. More » -
#fieldguide
Raj Rajaratnam's Awesome Insider Trading Adventure
Bernie Madoff is the financial criminal of the past. Billionaire hedge fund chief Raj Rajaratnam is the financial criminal of the moment! Slick back your hair, watch Wall Street, and forget Ponzi schemes—insider trading is back, big time!
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#finance
Round Numbers Will Fix All Your Money Problems
Though it didn't last long enough to register on any charts, apparently the Dow Jones Index momentarily crossed the 10,000 mark today, according to Bloomberg News, which was well-prepared to celebrate the moment our economic woes ended. More » -
#printisdead
Smallest Perceptible Ray of Light Shines in Newspaper Industry's Coffin
Good news for the newspapers industry! The rate of catastrophic quarterly decline in ad revenue is slowing, slightly. Looks like that strategy of "Ohmigod, Jesus Christ...just fire everybody" is finally paying off, very modestly! More » -
#therich
Suicide Kicks Off Tax-Cheat Hell Week
For tax evaders, the coming seven days are a time of panic, self loathing and wrenching decisions. Hanging over it all is the suicide of an apparently terrified plutocrat, reportedly wanted by the IRS for hiding a small fortune. More » -
#bankers
Lehman Bankers One Year Later: Same People, Same Psychological Shortcomings
The NYT Business section did a nice little Where Are They Now on some fallen banker komrades from Lehman Brothers. Are they destitute? Are they happier? Are they better than they were before? And: should we feel bad for them? More » -
#recessionomics
We Don't Know What We're Doing, We're Just Buying Things
The Way We Live Now: Always forgetting. We're back into stocks! We're back to buying art! We're...poor! Statistics prove it. But we already forgot. Live it up, for tomorrow you may die of something weird. More » -
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#afinemess
Why Hasn't Annie Leibovitz Filed for Bankruptcy Yet?
The deadline for Annie Leibovitz to repay her $24 million loan from Art Capital Group passed last night at 11:59 p.m. She didn't (her spokesman says she's trying to "work things out"), but Art Capital is mum. What's going on? More » -
#berniemadoff
The SEC's Madoff Report is the Starr Report of Finance: Hysterical, Embarrassing, Sad
The SEC's inspector general finally released the full 477-page internal audit on Bernie Madoff's misdeeds and how the SEC completely missed the mark on catching them. How badly did they completely screw the pooch on this one? More » -
#money
Union Goon, Latte-Sipping Terrorist-Loving Academic To Destroy New York Finance Industry
The new chairman of the New York Fed is not a banker or financier! It is Denis Hughes, the president of the New York State AFL-CIO. And the deputy chairman is Columbia University President Lee Bollinger! Crazy! [WP] -
#business
Deal! Warner Chilcott Ltd. will reportedly buy Procter & Gamble's prescription-drug wing for $3.1 billion.
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#branding
Dow Jones Industrial Average Reportedly for Sale
Goldman Sachs is in the process of selling the Dow Jones Industrial Average on behalf of News Corporation, John Carney at Business Insider reports. But is it really worth much? More » -
#howthingswork
Welcome Back, Scary Stock Market Plunges
Everyone sold off their stock this morning. Everyone, that is, except for people who own shares in health insurers. They're thrilled that Obama's health care plan is being watered down so that it won't include government-run health plans. -
#heartofdarkness
NYT Infiltrates Fashion Meets Finance, Possibly Leaves Scarred For Life
The Sunday Styles finally went to Fashion Meets Finance, an event where Manhattan banker-types and fashion slaves meet, consummate, and procreate certain genetics to create lineages of people you'd rather not know. Their findings are, while nothing new, nonetheless awesome. More » -
#financialstraits
Did Condé Nast Call In Its Sweetheart Loan to Annie Leibovitz?
Annie Leibovitz dug herself so deeply into debt that she was forced to mortgage her photographs to a high-end pawn shop to pay off her creditors. Who did she owe money to? None other than Condé Nast, her biggest patron.
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#classwar
Shocker: Bankers Greedy Even When Handing Out Bonus Cash
As your money burned last year and banks groveled for cash, we knew they kept handing out billions of bonus cash. But now we know how just a small few put their snouts to the trough. More » -
#wallstreet
Senate to Investigate Goldman Sachs For Banker Shenanigans
A Senate panel has issued subpoenas to Goldman Sachs, Deutsche Bank and others, to investigate whether or not company executives knew in advance that the economy-destroying mortgage-related securities they created were complete crap. More » -
#advertising
Rote Finance Job Is Like Orgasmic Meth Rush
Potential employee, do you have any idea how intense it is working in Australia's leading trading house? It is exactly like smoking angel dust while being a character in The Lost Boys. Haha. Ads. Really it's mostly spreadsheets. [via Adrants] -
#oldstuff
Paul Tudor Jones in Trader, A Blast From Wall Street's Past
A 1987 PBS documentary about trader Paul Tudor Jones is now on YouTube. This is noteworthy because after it originally aired Jones, now a multi-billionaire, demanded its removal from circulation, a move that inspired ridiculous interest in the film. More »
