Activists | Wall Street Folly

Fuld to be on congressional hot seat; FT focuses on Goldman execs returns from fund investments; Carl Icahn feels misunderstood; High end repo guys banking from grabbing jets, yachts

Posted by WSF On March - 22 - 2010

Fuld faces Lehman repo quizzing
Goldman executives benefit from fund investments
Does Icahn Still Make Them Tremble?
Cries of ‘Hey, That’s My Jet!’ Don’t Deter High-End Repo Men Read the rest of this entry »

Tags: Activists, Bankruptcy, Carl Icahn, Dick Fuld, Goldman Sachs, Hedge funds, Lehman Brothers, Repo Men, Wealth, Yachts

WSF

John Mack thinks investment bankers get paid too much; Name of shame: Mark Madoff’s wife and kids are changing their last names to “Morgan”; Appaloosa getting active in Stuyvesant Town

Posted by WSF On February - 25 - 2010

Morgan Stanley’s Mack Says Investment Banker Pay Still Too High
Madoff Daughter-in-Law Seeks to Change Name After Death Threats
Appaloosa Seeks to Join Lawsuit Over Stuyvesant Town Read the rest of this entry »

Tags: Activists, Appaloosa, Bernie Madoff, Bonuses, Compensation, David Tepper, Hedge funds, John Mack, Morgan Stanley, Real Estate

Bernie Madoff, Bonuses, Compensation, John Mack, Morgan Stanley, Real Estate

So much for Obama’s ‘Volcker Rule’; Citi looking to dump hedge fund business; Hedge fund assets slumped $2.85B in January; UK’s FSA says hedge funds aren’t so risky from leverage perspective; Trump vs Icahn in Atlantic City

Posted by WSF On February - 24 - 2010

‘Volcker Rule’ Stalls in Senate
Citi in Talks to Sell Hedge-Fund Business
Hedge Funds Don’t Pose ‘Destabilizing Risk,’ FSA Says
Hedge-Fund Assets Fell $2.85 Billion in January as Stocks Fell
Trump Argues Name Can’t Be Used By Icahn for Casinos Read the rest of this entry »

Tags: Activists, Atlant City, Barack Obama, Carl Icahn, Casinos, Citigroup, Donald Trump, Hedge funds, Paul Volcker, Politics

Barack Obama, Carl Icahn, Citigroup, Donald Trump, Hedge funds, Politics

B of A: The SEC vs Cuomo; SEC says B of A general counsel fired so that Moynihan would stay; Raj Rajaratnam victory: his trial will begin Oct 25, after civil trial date; Bill Ackman’s GGP score stands to be more than a 20 bagger; LBO debt getting hit

Posted by WSF On February - 18 - 2010

SEC Sets Up Showdown With Cuomo Over BofA
BofA Fired Top Lawyer to Retain Moynihan, SEC Says
Rajaratnam Wins Fraud Trial Date After SEC Civil Case
Ackman May Make $170 Million on ‘Grand Slam’ General Growth Bet
LBO Debt Sinks as Stock Investors Reject IPOs: Credit Markets Read the rest of this entry »

Tags: Activists, Andrew Cuomo, Bank of America, Bill Ackman, Galleon, High yield debt, Insider Trading, LBOs, Raj Rajaratnam, SEC

Bank of America, Hedge funds, SEC

Video: Sam Zell talks to Bloomberg TV #SamZell #Tribune #Bankruptcy

Posted by WSF On October - 28 - 2009

Bloomberg TV interviewed the always candid Sam Zell earlier today. We still think he’s one of the smartest guys in the room, Tribune clinker purchase nothwithstanding:

On looking back at the purchase of the Tribune company:

DEIRDRE BOLTON (Bloomberg): Can we ask you if you regret this decision? Is this the worst business decision you ever made?

SAM ZELL: It’s certainly the most amount of money I’ve ever lost in a single deal. But the answer is -

BOLTON: So if you could turn back time….

ZELL: If you could. It’s like maybe I should have married somebody else.