Wall Street

Morning Roundup: Return of the Golden Parachute

  • According to one powerful shareholder group, Wall Street firms still tie executive pay too closely with the pursuit of short-term profit and fail to penalize executives for thoroughly gumming up their companies. In fact, this situation has only gotten worse since 2007, which wasn’t exactly a banner year for corporate responsibility. [WSJ]
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Wall Street

Morning Roundup: Rattner the Attacker

  • As he fielded two lawsuits from New York Attorney General Andrew Cuomo and settled his beef with the SEC yesterday, former car czar Steven Rattner also went on the offensive, suing his former buddies at private equity shop Quadrangle Group. [NYT]
  • Federal Reserve Chairman Ben Bernanke is still mad at China for Read More

Internal Memo

Internal Memo: Steven Rattner

  • Is it really news to anybody that Rahm Emmanuel says “fuck” a lot? He said, “Fuck the UAW!” He absolutely did. As car czar, I also heard him say, in no particular order, “Fuck Chrysler!” “Fuck GM!” “Fuck Toyota!” “Fuck auto-parts suppliers!” “Fuck bankruptcy!” “Fuck capitalism!” “Fuck the shareholders!” “Fuck the Senate!” “Fuck Read More