• Thanks to everyone that has participated in our survey so far. If you haven’t yet, you can expect Chuck at your cubicle at some point today. Unless you do it now by going here.
• Wall Street On Track To Award Record Pay – “Workers at 23 top investment banks, hedge funds, asset managers and stock and commodities exchanges can expect to earn even more than they did the peak year of 2007, according to an analysis of securities filings for the first half of 2009 and revenue estimates through year-end by The Wall Street Journal.” – Tooo long. [WSJ]
• Geithner Aides Reaped Millions Working for Banks, Hedge Funds – This is nice. It’s been for too long since we had some good wholesome populist outrage. [Bloomberg]
• Bernie Madoff Breaks His Prison Fight Cherry – Apparently someone said “Dow 3,000” and Bern just flipped. See also DB. [JDA]
• Bloomberg Wins Bidding For BusinessWeek – For $5 mil. Estimates were that it was worth $1 bil back in 2000. Ouch. [BW]
Related Posts
Preliminary Analytics | 08.17.09
• What Buffett’s Firm Bought and Sold WB continues to be long on folksy yet risque analogies. [DealBook]
• US banknotes show cocaine traces – 95% of dollar bill in DC have traces of cola which we find hilarious and just solidifies any preconceived notions we had about our esteemed elected officials. Other cities that had cash with high levels of the llello are Baltimore, Boston, and Detroit. [BBC]
• UBS Tax Crackdown Widens to Hong Kong -“On Friday, John McCarthy, a UBS client in California, agreed to plead guilty to one count of failing to file an annual report to the Treasury Department. A document filed with the plea shows the tax scheme relied in part on channeling funds to a Swiss UBS account held in the name of a Hong Kong entity, the second time accounts in the Asian financial hub have figured in these cases.” [WSJ]
• BB&T Plans $750 Million Share Sale After Colonial – Things already going swell for BB&T. [Bloomberg]
Preliminary Analytics | 01.12.10
• Financier Pang’s Death Ruled a Suicide – The cause was ‘combined intoxication’ according to the OC coroner said. Seven drugs were found in Pang’s system including: xycodone, hydrocodone, drugs for anxiety and depression and traces of THC. [WSJ]
• Obama Plans to Raise $120 Billion From Banking Fees – Here’s the good news: “Tax experts, who discussed the possibilities before the president’s plan was disclosed, say all of the administration’s structural options, which include an income surtax, an excise tax, or a fee pegged on the value of assets or some other measure, are likely to be so porous that financial institutions would be able to sidestep most of them.” [Bloomberg]
• The IRS Is Auditing Harvard – One of forty that is part of the tax-exempt status review. [TaxProf Blog]
• Guest bloggers needed – Blogging Suits is looking for a few good ones. Not the one where you talk about how smart your toddler is either. [Blogging Suits]
• Google’s investment arm to grow partner ranks – The investment arm is “bringing more partners onboard as the $100 million fund seeks to build upon the eight investments it has made in companies since its launch last spring.” [Reuters]
• SEC order helps maintain AIG bailout mystery – Mark your calendars for November 25, 2018. Then we’ll know everything. If anyone cares by then. [Reuters]
Preliminary Analytics | 01.15.10
• Taxman misses 44 million calls – The British version anyway. That makes the IRS look like rock stars by comparison. [Accountancy Age]
• Annals of Public Relations – Fortunately for us, Patrick Byrne doesn’t keep PR by his side at all times. [Gary Weiss]
• If California Owes You, It Would Like to Pay You – “Across the state, 89,000 residents and businesses — including 2,315 here in San Francisco alone — are sitting on some $50 million in uncashed i.o.u.’s from the state, a souvenir of California’s most recent, but by no means its last, budget crisis.” [NYT]
• Verizon Lowers Wireless Pricing Plans – “Verizon Wireless introduced lower wireless-pricing plans Friday, a move that’s likely to force rival AT&T Inc. to follow and could pressure margins on the carriers’ high-end business.” [WSJ]
• GM Daewoo finance chief Mark James named Opel CFO – Missed opportunity, people. [Reuters]
• Prince Tells Pandit ‘It’s Time to Deliver’ – No pressure. [DealBook]