Business Culture and Current Events Archive
A Maverick On Wall Street: Meredith Whitney - The Analyst Whose Bold Call On Citi Convinced Wall Street
November 27, 2007 · Category: Stocks, Business Culture and Current Events
"I think the world of her. She's bold and she nails it."
- A multi billion dollar portfolio manager
"Meredith is not afraid to say what she thinks. I think her call on Citi was dead on. ...
Posted by Greg Feirman · 1 Comment »
Citi Sells Stake To Abu Dhabi
Citigroup (C) just announced that they are selling a $7.5 billion stake to the sovereign wealth fund of Abu Dhabi, one of the United Arab Emirates.
The stake is in the form of equity units which ...
Posted by Greg Feirman · No Comments »
Och-Ziff Hedge Fund Company Goes Public
November 14, 2007 · Category: Stocks, Business Culture and Current Events
Today, Och-Ziff Management (OZM), a hedge fund company, began trading on The New York Stock Exchange.
The company sold 36 million shares, about 10% of the company, to the public at $32 a share.
Shares are currently ...
Posted by Greg Feirman · No Comments »
My Letter To The WSJ: Will A Free WSJ.com Mean A Dilution In Quality?
November 13, 2007 · Category: Business and Investment Philosophy, Business Culture and Current Events
I read on WSJ.com this morning that Murdoch plans to make WSJ.com free because doing so would increase readership from 1 million to 10-15 million worldwide, attract big advertisers and be more profitable (subscription required ...
Posted by Greg Feirman · No Comments »
Sotheby’s Modern And Impressionist Art Auction Tanks
November 8, 2007 · Category: Stocks, Business Culture and Current Events
Last night, Sotheby's (BID), the publicly traded auctioner of fine art, held its Modern and Impressionist Art auction in New York City.
It didn't go well. Of the 76 artworks up for sale only 56 sold. ...
Posted by Greg Feirman · No Comments »
Set Match.com Free Barry!!!
November 5, 2007 · Category: Stocks, Business Culture and Current Events
Interactive Corp. (IAC), the massive conglomerate of incongruent retailing, travel and internet companies such as Ticketmaster, Lending Tree, Ask.com, Match.com and The Home Shopping Network (HSN) announced today that it will break up into five ...
Posted by Greg Feirman · No Comments »
My Letter To The Editor of BusinessWeek On Their Cover Story On The Collection Of Bankruptcy Debt
November 4, 2007 · Category: Stocks, Business Culture and Current Events
The cover story of the most recent BusinessWeek magazine, "Prisoners of Debt", is an interesting read about the attempt to collect on debts discharged by bankruptcy by the debt collection industry.
While this is certainly a ...
Posted by Greg Feirman · No Comments »
Washington Mutual Implicated In Appraisal Fraud Case
"I was pressured for 2 weeks to change both my value and the conditions of my appraisal report .... of an appraisal I completed that did not come to their predetermined value for a 'valued' ...
Posted by Greg Feirman · 1 Comment »
Merrill Chief Stan O’Neal’s Job In Jeopardy
October 26, 2007 · Category: Stocks, Business Culture and Current Events
According to a New York Times article this morning, late last week Chief Executive Stan O'Neal, without the permission of Merrill's board, contacted Wachovia Chief Executive G. Kennedy Thompson to ask if he might be interested ...
Posted by Greg Feirman · No Comments »
Friday Is The 20th Anniversary of Black Monday
October 15, 2007 · Category: Market Commentary, Business Culture and Current Events
20 years ago Friday, on Monday October 19, 1987, the stock market crashed in its worst one day drop ever (22.6%).
Black Monday stands as Wall Street's apacolyptic moment.
Why? Nobody can give a satisfying answer.
And, of ...
Posted by Greg Feirman · No Comments »
