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Carl Icahn Sees Silver Lake’s $13.65 Bid For Dell And Raises It To $12 10 May 2013 | 07:58 pm
Let’s take Carl Icahn’s bid for Dell seriously because, y’know, no one else will. At first I was a little underwhelmed by Icahn’s bid of $12 in cash or stock for Dell, which careful noticers will noti...
Opening Bell: 05.10.13 10 May 2013 | 05:16 pm
Icahn and Southeastern Ready Rival Bid for Dell (DealBook) The effort by Mr. Icahn and Southeastern, disclosed in a letter to Dell’s board Thursday night, is intended as a last-ditch effort to fight t...
Write-Offs: 05.09.13 10 May 2013 | 03:43 am
$$$ Fannie Mae to Pay Treasury $59.4 Billion After Record Profit [Bloomberg] $$$ California Sues J.P. Morgan on Card Collections [WSJ] $$$ Goldman cuts investment fund pledges in half since Dodd-Frank...
KPMG Doesn’t Fire Every Client It’s Accused Of Being Less-Than-Independent With Regard To 10 May 2013 | 03:19 am
KPMG’s problems extend beyond some misunderstandings about the propriety of sharing some anecdotes with golfing buddies in exchange for cash at its Los Angeles office. The Financial Reporting Council ...
Gary Cohn Would Just As Soon Jettison The Friendly Small Talk With His Father 10 May 2013 | 02:57 am
The theme Mr. Cohn kept returning to was the primacy of clients. Asked what his daily routine looked like, his answer was simple. “The most important thing I do is deal with clients, client situations...
Spandex-Clad, Billy-Club Brandishing Roller Girl Also Moonlights As ‘Ethical Fiscal Fairy’ 10 May 2013 | 02:34 am
Roller Girl/Bank Reform Bitch/EFF at a “small but fierce protest against Bank of America yesterday in the torrential rain.” This alter ego may at first glance appear slightly less intimidating than th...
How Could Anyone Stay Angry At This Face? 10 May 2013 | 02:25 am
A thing that happens from time to time, and also yesterday, is that people in or around the financial services industry say furious things about Ben Bernanke: “Ben Bernanke is running the most inappro...
Quitting Watch ’13: Brian Moynihan Has Angry Junior Mistmakers On His Hands 10 May 2013 | 01:48 am
A brief follow-up. FYI, here’s a list of people who have left in the last two-three weeks (it’s not exhaustive) 5 First year analysts: 1 in Industrials, 2 in FIG, 1 in Energy and Power, 1 in Tech Palo...
‘My Name Is Ben, And I’m An Easy Monetary Policy-aholic’ 10 May 2013 | 01:33 am
Richard Fisher is no fan of QE3, and he’s worried that his colleagues at the Fed have developed an unquenchable, $85 billion-a-month habit. Much as he finds their addiction abhorrent, he isn’t ready t...
Expert: You Can Only Fire As Many Employees As You Have, And If You Do, You Will Have To Hire Others 10 May 2013 | 01:27 am
Economics teaches us that companies do not have an unlimited number of employees to lay off. Data backs this up. “There is only so much companies can cut layoffs before they have to start thinking abo...
