6:30 pm, October 31st | by Hillary Reinsberg
Those who held shares in Jon Corzine’s firm, which filed for bankruptcy today, are probably not pleased with their investments. Rapper Soulja Boy is glad not to be among them.
6:06 pm, October 31st | by Hillary Reinsberg
Victor Dahdaleh, the billionaire British political crony and friend to Bill Clinton who was charged in a $1 billion bribery case, has been released on $16 million bond. Friends of Dahdaleh, most notably high-ranking execs at Credit Suisse and BP, offered an addition $2.3 million guarantee.
5:30 pm, October 31st | by Amy Tennery
Halloween Dossier? Bring it. Our creeptacular roundup includes spooky Daphne Guinness (of course) and the ultimate mogul Halloween ride. Also, we learned about the latest politician trying to distance himself from the Koch Brothers (wanna take a wild guess?).
5:06 pm, October 31st | by Hillary Reinsberg
Second (or third or fourth) homes are typically seen as an enviable luxury for the 1 percent. But some say they’re ultimately a nuisance. A so-called “first world problem,” for sure.
4:08 pm, October 31st | by Amy Tennery
As you’re probably already well aware, Jon Corzine’s financial brokerage MF Global went into a rapid death spiral over the last week, and filed for bankruptcy today (don’t worry, Corzine’s still getting a $12.1 million exit package).
But where one failure emerges, so does an opportunity: to comb through the claims from this multibillion-dollar turd sandwich.
3:34 pm, October 31st | by Hillary Reinsberg
There’s been a lot of talk surrounding Walter Isaacson’s official biography of Steve Jobs, some of it surrounding the unkind things Jobs had to say about his longtime competitor, Bill Gates. So, was Gates offended at being called “unimaginative”? Here’s what he had to say.
2:00 pm, October 31st | by Hillary Reinsberg
The only fun part of getting fired as a CEO is that you get often get a nice severance package. One CEO got $100 million in such a package this week. But he doesn’t think that’s nearly enough. Sure.
1:01 pm, October 31st | by Amy Tennery
As I’m sure you’ve heard by now, the Dow Jones is seeing some real volatility today, following some meaningful gains in the market. It’s a distressing development, and one that we’ll dissect right now.
Hah! Nope. We’re going to talk about the Kardashian-Humphries divorce, obviously.
11:40 am, October 31st | by Hillary Reinsberg
As we said last week, being the CEO of Goldman Sachs and a state governor are tough acts to follow. Jon Corzine, who heads the financial brokerage MF Global, is preparing for the company to file for bankruptcy this morning. That doesn’t mean it’ll be such a bad thing for Corzine. You’ll be shocked by how much he’s getting in severance pay.
10:58 am, October 31st | by Amy Tennery
Looks like the U.K. isn’t the only country that might see a massive mogul exodus sometime soon.