Dealbreaker Story of the Week – Jeffrey Gundlach Had A Little Party Last Night

December 7, 1941. November 22, 1963. December 4, 2009. All dates of such historical and cultural significance that if you asked someone where they were that day, they’d surely be able to tell you. Because they weren’t just any old days; they were moments when everything changed. The bombing of Pearl Harbor; the assassination of […]

Dealbreaker Story of the Week – New York Times Finds A Weird Way To Kick Steve Cohen When He’s Down

As you may have heard, things have not been going tremendously well for Steve Cohen of late. Two days before Thanksgiving, the government went public with its case against a former SAC Capital employee, Mathew Martoma, who it accused of masterminding the largest insider trading scheme ever. Cohen was neither charged nor mentioned by name […]

Dealbreaker Story of the Week – Harvard Business School Alum Has A 4-Point Plan For Fixing The Election Process In The United States

On November 6, 2012, as the results of the presidential election rolled in, a member of the Harvard Business School Class of 2010 considered ending it all. “The thought crossed my mind to jump off my penthouse apartment balcony,” he wrote his fellow classmates yesterday. Sure, he had a lot to live for: friends, family, […]

Dealbreaker Story of the Week – Goldman Sachs Changes 70 People’s Lives

The following employees successfully made it through the “vigorous cross-ruffing” process and were inducted into the partnership this morning, after receiving a congratulatory call from Lloyd and an extra special visit by Gary, wherein the chosen few got to stick their grundles in his face. Read more on Dealbreaker.

Dealbreaker Story of the Week – Barclays’ (Now Former) Head Of FX Strategy In Asia Has A Moment

Have you ever had construction going on nearby your home? Was it loud? Annoying? Did keep it keep you up in the middle of the night? Did you seriously consider opening your window and screaming “Hey! Shut the hell up down there!” or even confronting the people making all that racket face to face? Olivier […]

Dealbreaker Story of the Week – Hotel Off The Hook For Hedge Fund Investor Relations Girl’s Dance Of Near Death

Remember Christine Mancision? To recap, she’s the hedge fund investor relations lady who, back in October 2009, sued both the Hyatt Morristown and James Graeber, for an incident that took place on the evening of November 22, 2008, that incident being Graeber approaching her on the dance floor of his sister’s wedding, grabbing her arm, […]

Dealbreaker Story of the Week – Why I Left Goldman Sachs, Chapter Three: “My Alleged Competition”

In the ping pong game of life, even your most trusted blade can’t swat away an opponent with super-sized balls.—Unknown On Monday morning, Grand Central Publishing will release Why I Left Goldman Sachs: A Wall Street Story, a memoir penned by former Goldman employee Greg Smith, based on his op-ed for the New York Times […]

Dealbreaker Story of the Week – Greg Smith: Goldman Sachs Interns Taught Harsh But Important Lessons By Demanding But Affable Managing Directors

Lesson 1, according the first chapter of Why I Left Goldman Sachs (“I Don’t Know, But I’ll Find Out”): the difference between a sandwich and a salad. Read more on Dealbreaker.

Dealbreaker Story of the Week – Layoffs/Bonus Watch ’12/13: Morgan Stanley

Back in January, Morgan Stanley CEO James Gorman sent a simple messages to his employees, who had been grumbling about their pay: STFU or GTFO. “You’re naive, read the newspaper, No.1,” Gorman told Bloomberg he would say to any members of his staff that wanted to give him lip about their compensation to his face. […]

Dealbreaker Story of the Week – Goldman Sachs To Offer More Would-Be Partners Opportunity To Go David Tepper On An Executive’s Ass This Year

Each year, after a long and very comprehensive background check, a lucky group of Goldman employees are abducted from their desks, blindfolded, gagged, and led by candlelight through a dark hallway and into a subterranean conference room. Standing on the table before them are Lloyd Blankfein, Gary Cohn and the rest of the management committee, […]