Is Your Firm 'In Vogue' In This Credit Crunched World ? (Updated)
The fortunes of firms operating in the financial markets have changed a lot in the last 6 months, with asset writedowns, quarterly losses and job cuts making life a lot more uncomfortable for many who work in them. We are now in a new world order, as firms that were only recently seen as employers of choice are struggling (and staff are sweating about their futures).
The Best Whatever This Side of Wherever
In an attempt to come up with yet more superlatives to praise their products, vendors should not have reason, or geography get in the way of a punchy tagline.
Firms Now Focus On Axing European Staff
Bloomberg reports that, according to 'two (unnamed) people with knowledge of the matter', JPMorgan is axing 10% of its European investment banking staff due to the fall-off in M&A activity. Dealogic figures show that M&A activity in Europe, Middle East & Africa has fallen around 42% this year so far compared to 2007.
Ten Reasons to Spend Summer in London
"Why, Sir, you find no man, at all intellectual, who is willing to leave London."
Under Fire CEO Said To Have Bagged Almost Half-A-Billion
Fortune magazine reports that, according to its calculations, Lehman Brothers CEO Dick Fuld has bagged an amazing $489.7m from cashing in stock options and restricted stock since his firm went public in 1994. And that doesn't even include the salary and cash bonuses Fuld received during that time!
Welcome to Valpo on the Pacific
The barman grins and points to the mirrored wall behind him, where familiar and unfamiliar bottles of alcohol form a disorderly line on a shelf along the length of the room. Among the boozy kaleidoscope, three dolls in party dresses slouch next to a faded black and white photograph of the bar 40 years ago.
Top Firm Awards Mid-Year Bonus Advances In Move To Retain Key Staff
Canny Lehman Brothers executives have managed to pull a rabbit out of the hat which will conserve some capital and keep key staff happy and more motivated at the under pressure firm.
Why Hamilton Will Win the Grand Prix
Often not yet completely independent financially, without the maturity which redefines the relationship between the older parent and adult child, but having shaken off the disrespectful teenage attitude towards his father, a young man will often do very much as his father says.
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The fortunes of firms operating in the financial markets have changed a lot in the last 6 months, with asset writedowns, quarterly losses and job cuts making life a lot more uncomfortable for many who work in them. We are now in a new world order, as firms that were only recently seen as employers of choice are struggling (and staff are sweating about their futures). more
Bloomberg reports that, according to 'two (unnamed) people with knowledge of the matter', JPMorgan is axing 10% of its European investment banking staff due to the fall-off in M&A activity. Dealogic figures show that M&A activity in Europe, Middle East & Africa has fallen around 42% this year so far compared to 2007. more
In an attempt to come up with yet more superlatives to praise their products, vendors should not have reason, or geography get in the way of a punchy tagline. more
"Why, Sir, you find no man, at all intellectual, who is willing to leave London." more
Happy Fourth of July. Burgers, flags and parades. And presidential elections (just a few more months, folks!). Here's the good and the bad and the ugly. more
Often not yet completely independent financially, without the maturity which redefines the relationship between the older parent and adult child, but having shaken off the disrespectful teenage attitude towards his father, a young man will often do very much as his father says. more
NEW YORK AND LONDON, June 19, 2008 - The Jefferies investment bank today announced the appointment of Alec Ellison as Co-Head of Investment Banking. Mr. Ellison, Chairman of the Firm's technology, media and telecommunications investment banking effort, will partner with existing co-heads Chris Kanoff and David Weaver to drive the continued growth of the Jefferies' investment banking platform. Mr. Ellison will
join Mr. Kanoff in leading the activities of the US investment banking practice. Mr. Weaver, who is also President of Jefferies International Limited, is focused on the Firm's European and Asian businesses. Mr. Ellison, based in New York, joined Jefferies in 2003 as part of the Firm's acquisition of Broadview International, which he joined in 1988 and was appointed President of in 2001. more
NEW YORK and HOUSTON, June 16, 2008 -- The Jefferies investment bank today announced the expansion of its management team for the Firm's energy investment banking group, Jefferies Randall & Dewey. This team will include Ralph Eads III, appointed Chairman of the group and formerly its Co-President, and Stephen Straty and David Rockecharlie, who have been named group Co-Heads.
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It is strange how the fates of nations can turn. This week marks the 193 anniversary of the Battle of Waterloo, which every school child knows was a famous British victory. Yet, at 4:00pm that afternoon, things looked very different. Wave after wave of gallant French cavalry attacks had almost shattered the British infantry. Wellington was famously reported to have said: "Night or the Prussians must come." Fortunately for the British, Gebhard von Blücher's Prussians were indeed about to decisively enter the fray. By 10:00pm the battle was won. There is a tide in the affairs of men.
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Execuzen. Voted into top slot by HereIsTheCity readers for the third year running. more