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Big Bonuses At Goldman Should Be Applauded, Not Criticized

It's been suggested that, with Goldman Sachs likely to post strong second-quarter earnings this week (and bonuses for employees looking likely to be decent this year-end), the firm should in some way be ashamed of its accomplishments - and all because it took $10bn of TARP funding from the US government last year. What a lot of nonsense!

Office Prank May Have Led To Young Banker's Death


The Daily Mail is reporting that the tragic death of 24-year-old Anjool Malde, who jumped from the rooftop terrace of the Coq d'Argent restaurant in London on Sunday, may have been caused by a silly office prank that went terribly wrong.

Citi Shakes Up The Top - Pandit Increasingly Marginalized

Citi announced a management shake-up in its top ranks Thursday, and many feel that the end result is that CEO Virkam Pandit is becoming marginalized at his own firm. MarketWatch even describes Pandit as 'the shrinking Citigroup CEO', and says that the move to shunt him aside was undertaken after pressure from US regulators, who remain unconvinced that he is the man to turn the company around.