Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
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Photo: Getty Sorry if you had anyone else winning in your Most Hideous Career After Leaving the Obama Administration bracket, because Tim Geithner just blew the competition out the water. The Washington Post has a detailed and devastating report, published Sunday evening, about the predatory lending activities of Mariner Finance, a company “owned and managed…
10 YEARS AFTER THE CRISIS. Reporting by Cezary Podkul. Produced by Gabriel Gianordoli, Jess Kuronen, Tyler Paige, Peter Santilli and Hanna Sender. Published March 27, 2018 at 7:30 a.m. ET The financial crisis and the massive federal response reshaped the world we live in. Though the economy is in one of its longest expansions and stock indexes have hit new…
Snapchat takes its secrecy seriously. Very, very seriously. Take the case of one former Snapchat employee. On his first day, he was forced to sit through an ominous orientation in which he was threatened with termination if he so much as breathed a word of what he was working on to friends or family. He…
Image by Jim Cooke/ GMG Blue blazers. Blue checked shirts. Collar open. No tie. Brown shoes. Black shoes. Or Nike shoes. New, new, all new. Soft leather satchels with bold brass zippers. Good cufflinks. Good watches. Better than you know. Hundred dollar haircuts. Straight razored shaves. Shaped cuticles. Manicured nails. Clean, soft, tailored. New. Talking…
Bill Ackman saw his hedge fund’s crusade against Herbalife as a moral battle with a billion-dollar payday.CreditIllustration by Mike McQuade / Photograph by Andrew Harrer / Bloomberg / Getty Barrier Status: ‘none’ One day in the summer of 2011, Christine Richard arrived at the forty-second floor of a high-rise on Fifty-seventh Street in Manhattan to visit a…
In 2013, tropical-fruit tycoon David Murdock, who was the chairman, chief executive officer and biggest shareholder of Dole Food Co., took it private for $13.50 a share. A lot of shareholders felt that that price was way too low, and that Murdock had sandbagged the shareholders by driving down the value of the company so he could…
Goldman Sachs has enacted a set of rules that bans the firm’s top employees from contributing to certain campaigns, including the Trump-Pence ticket. The rules kicked in Sept. 1 and will apply only to partners of the firm. The memo detailing the rule change was first reported by Politico. The firm says the rules were…