Dear American Taxpayer,
Here's a copy of an e-mail sent out last week by JPMorgan's EMEA recruitment team. It's a strong message to the firm's recruitment consultant partners - 'don't call us, we'll call you'.
Here are a few more quotes from the smart money on the current market turmoil:
Reuters reports that an 'unusual' surge in Goldman Sachs' share price in the 10 minutes before the closing bell Tuesday has aroused suspicions that something dodgy was going on. Just two hours later came the news that Warren Buffett's Berkshire Hathaway was to make a large investment in the firm.
The 2009 Badenoch & Clark 'Rising Stars' Awards kick-off next month - and this year it will be even bigger, and more high profile.
If there was ever any doubt about the future of Goldman Sachs, it will have been dispelled this week, on the news that Warren Buffett's Berkshire Hathaway is to invest $5bn in Goldman perpetual preferred stock (with a 10% dividend). The company also secured warants to buy $5bn of common stock at $115 a share in Goldman at any time in the next 5 years.
Here's a selection of quotes from those 'in the know' (or who should be in the know):
That's just one of the stories doing the rounds in the US about Lehman CEO Dick Fuld.
Sir Fred Goodwin, the CEO of Royal Bank of Scotland, rocked up to what was ABN AMRO's London HQ building at 250 Bishopsgate Friday. He was there to tour the floors and acknowledge the little people. For most of ABN's staff it was their first glimpse of Goodwin, and for many it will be their last (the layoffs are likely to come thick and fast now).
The Guardian reports that outgoing AIG CEO Robert Willumstad, told by the US government that his services were no longer needed, has voluntarily given up his $22m exit package.