6:33 pm, August 31st | by Hillary Reinsberg
Helicopters and Wall Street traders are two things we’ve certainly heard in the same sentence before. So it should come as no surprise to hear that when stranded in Hurricane Irene-ravaged Vermont, a Wall Street trader hired a helicopter to usher him and his family home.
5:40 pm, August 31st | by Hillary Reinsberg
Alright everyone, it’s time to move to Asia! No really. The number of millionaires there is going to double by 2015. That’s only three and a half years away. In particular, shall we move to China? Half of Asia’s new millionaires, and more than half the wealth in Asia, will be concentrated in China.
The Asia Wealth Report, published yesterday, is chock full of amazing figures that will have you realizing that well, folks, things in Asia are growing like wild fire. Imagine all the new moguls, business deals and extravagant spending we’ll get to cover!
5:37 pm, August 31st | by Amy Tennery
$2,500 is a small price to pay for a ride in Richard Branson’s flying submarine, Necker Nymph, isn’t it? Well, it’s a small price for any flying submarine, really. Did I mention that it’s a flying submarine? [Luxuo]
Yet another Martha Stewart exec jumps ship — what’s going on over there? [Adweek]
Have time to walk through nature during your work day? Then you’ll be 20-percent more focused than people who walked through a city. No wonder Manhattan is known for its lack of an industrious, workaholic citizenry. [The Grindstone]
5:04 pm, August 31st | by Hillary Reinsberg
Tax us more! It’s the cry now heard ’round the world. In the aftermath of Warren Buffett’s New York Times op-ed explaining his desire to be taxed more, a cadre of international copycats has emerged. Last week it was France, and now it’s the Germans too.
Seriously, is there anyone who doesn’t want to be more like Warren Buffett?
4:47 pm, August 31st | by Amy Tennery
Full disclosure: I think it’s a little sad that former eBay CEO Meg Whitman is getting made fun of for her speech-writing abilities. But she is. And, as much as it pains me, well, her detractors have a bit of a point.
See, Whitman really likes her cliches. I mean, she thinks they’re excellent. And she may have just broken some kind of world record for most cliches used in a single business lecture.
3:36 pm, August 31st | by Hillary Reinsberg
What’s that? You want to shake Donald Trump’s hand? Wait, wait — it’ll cost ya $10,000. If you’re a Trump fan ready to shell out 10 G’s just to meet The Donald, don’t get excited too fast. It’s not for everyone, of course. You have to be invited to spend $10,000 to shake Donald Trump’s hand. And you also have to be an already successful business person in Australia. Say what?
Oh, and did we mention that the money isn’t going to charity?
1:56 pm, August 31st | by Amy Tennery
When Mark Zuckerberg announced a new crowd-sourcing-esque program to track down security flaws with his social networking site three weeks ago, he likely didn’t anticipate the extent of the damage that might crop up. Well, probably no one did.
But, in that time, the Zuck has paid off amateur hackers to the tune of roughly $40,000, according to IBT. The news is somewhat alarming, when one considers that (as recently at April 2010) roughly 20 percent of Facebook employees specialized in site security. One of five people at your company works in security and you still need outside security assistance? Yikes.
1:21 pm, August 31st | by Hillary Reinsberg
Groupon founder Andrew Mason is a goofy, quirky 20-something who runs a multibillion-dollar company. He’s not alone in this category, but, some would argue, he’s struggling with it more than the others. After two top execs quit the company unexpectedly and a bit of a beating in the press, Groupon is not quite basking in the glory of a few months ago. Is it Mason’s fault?
11:59 am, August 31st | by Amy Tennery
Dick Cheney’s new memoir “In My Time” hit shelves yesterday and — as with so many high-profile news-making items these days — Donald Trump has a very specific, irate opinion of it.
At least that’s the impression one might get from his latest video blog, in which he rales against the former vice president, the book and Cheney’s somewhat dicey media campaign to promote it.
11:21 am, August 31st | by Hillary Reinsberg
If you’re a mogul who goes to prison, the situation is usually described as embarrassing. Seems like a basic rule of thumb. Not the case for former newspaper magnate Conrad Black, though!
“I’m not embarrassed in the least bit I was in prison—not the slightest,” he tells Vanity Fair in a tell-all that comes out today. Oh.