Word: streeter
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Greg Fleming, former president of Merrill Lynch, is probably the highest-ranking Wall Streeter to make the move so far. Earlier this year, after Merrill was acquired by Bank of America, Fleming decided to exit the newly combined firm for Yale Law School. This semester, he is teaching a class that brings financial professionals to New Haven to explain the economic events of the past year - and the class is drawing praise not just from students but other teachers. (Read "Facebook's Latest Role: College Guidance Counselor...
...phenomenal profits to be made in the information industry. The relentless losses of newspapers are undoubtedly testament to their almost unique ineptitude in catering to the needs of the modern citizen or business. The richest man in New York—Michael Bloomberg—is not a Wall Streeter, but tellingly a man who sold news and information to Wall Street, despite the highly entrenched business media that already existed. The two 35-year-olds who run Google—the largest distributor of advertising in the world—own a business that aims to do nothing less...
...paid to show up for work on Wall Street; you get paid by what you produce, as a year-end bonus. But it does the raise the question: What, exactly, does a Wall Streeter produce? If a banker or a trader brings in $10 million of profit for his or her firm, it seems reasonable that the individual should get a cut of it. There's also a scarcity premium involved. Presumably, there are only so many folks out there who can bring in $10 million or $100 million in a given year, so you have to include some...
...investing in things they themselves know a lot about. They shouldn't be listening to me or anybody else. If you know a lot about cars or fashion or something you should find great investments in that field. You're know a lot more about it than any Wall Streeter or hedge fund manager, because that's your passion...
Over the past few months, we have heard banker after Wall Streeter after mortgage lender declare that market conditions are the worst since they got into the business. Some go even further. "The worst market crisis in 60 years," pronounced investor George Soros. "The worst financial crisis since 1931," declared a top German regulator. "We have not seen a nationwide decline in housing like this since the Great Depression," said the CEO of Wells Fargo...