By Patrick Clark 10/19/12 8:32am

Morning Read

Black Monday Crash, 25 Years Later; Pay Realist Gorman Likely to Lose Shares on Missed Targets: Roundup

Twenty-five years after the Black Monday stock market crash of 1987, the potential for a catastrophic plunge remains, says Bloomberg. The Wall Street Journal looks back at the articles it published on the week of Oct. 19, 1987.

It seems the Times has also seen a “bootleg” copy of Greg Smith’s Why I Left Goldman Sachs, and its take is in line with what we’ve read of the book so far: “Long on Mr. Smith’s reminiscences of the pleasures of the job—handmade suits, sashimi at 30,000 feet, strawberries at Wimbledon—the former Goldman salesman’s book does not break much new ground on illegal or questionable financial practices at the firm.” Read More

By Patrick Clark 9/18/12 7:52am

Romney’s Remarks on ’47 Percent’ Made at Private Equity Head’s Home; Studying the Power of Einhorn: Roundup

Footage of Mitt Romney’s remarks about the 47 percent voters who don’t pay taxes or depend on government assistance—”I’ll never convince them they should take personal responsibility and care for their lives”—was taken in the Florida home of Marc Leder, co-CEO of private equity firm Sun Capital Partners, said David Corn, the reporter who published video clips at Mother Jones. Mr. Leder, a part-owner in the Philadelphia 76ers, is as TPM points out, also known for his bacchanals: “At the Bridgehampton home that Leder rented for a whopping $500,000 a month, guests cavorted nude in a pool and performed sex acts, while scantily clad Russian women danced on platforms,” The New York Post reported last year. Read More

By The Editors 4/05/11 11:56pm

Editorial

Schapiro's S.E.C.: Too Big to Succeed?

As The Observer‘s Maureen Tkacik noted two weeks ago, Mary Schapiro, chairman of the Securities and Exchange Commission, is a popular figure in Washington. She wins high marks for her integrity, hard work and decency–qualities that often are in short supply in public life.

And yet, for all the affection, Ms. Schapiro finds herself in Read More

By Maureen Tkacik 3/30/11 12:14am

Cover Story

It’s SOS for the S.E.C.! Polite Mary Schapiro Polices the Plutocrats

Few cops are as well liked as Securities and Exchange Commission Chairman Mary Schapiro. “Oh, Mary is just a really nice, good person,” former S.E.C. commissioner Isaac Hunt told The Observer. “I don’t think anyone doesn’t love Mary.”

“Mary is extraordinarily smart, open-minded and her integrity is absolutely above reproach,” said Susan W. Phillips, an Read More