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Hedge fund manager dodges subway fare - for 5 years!

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A high-flying City of London executive managed to dodge paying the full fare on his daily commute into London for five years - and took only three days to pay back the £43,000 ($72,000) he owed when he finally got caught.

Clash of styles led to split at Pimco

Bill Gross Interview Pic

For more than five years, Mr. El-Erian’s deliberate manner and Mr. Gross’s freewheeling style were a formidable combination atop Pacific Investment Management Co. But last year, the differences became an unbridgeable chasm to Mr. El-Erian, who worried that rising tensions with Mr. Gross could keep him from effectively running the giant bond firm.

Goldman and former client trade lawsuits

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Goldman Sachs and Lynne Ng Su Ling, an independent director at LionGold, traded lawsuits in London over payment demands after shares owned by Ng and held by the bank as debt collateral plunged in an October stock rout.

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