Remember that spat between Goldman Sachs and the adult entertainment website www.goldmansex.com ? Well, there's a follow up. And we'll leave it to Rob Muller, the site's founder, who had his original domain name snatched away from him by the US National Arbitration Forum. Rob, who runs his site from the Netherlands, dropped us a line about his latest legal problem with the Wall Street giant.
Wall Street Folly reports that Website goldmansex.com has lost its battle to retain its domain name. The US National Arbitration Forum has ruled that the domain name must be given over to Goldman Sachs, even though the services it offers (the site claims to be the largest global directory for adult entertainment) are not in any way in competition with the those undertaken by the investment bank. Goldman seems to have been concerned that clients might in some way believe that it had branched out into adult entertainment!
Thebigmoney.com reports a great story about Andrew Luan, a former CDO trader at Deutsche Bank in New York, who quit his job recently to go work as a Tour Guide around the city's financial district.
The Seattle Times reports the sad case of Raj Godhania, a former technology systems professional at Merrill Lynch, who was laid-off in January.
Reuters reports that the trustee liquidating Bernie Madoff's assets is seeking court permission to auction his Met's tickets via eBay.
The New York Times reports that Sunday Business asked information services firm Equilar to compile and analyze exectuvie compensation data from US corporate filings.
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The old rumour mill is working overtime again. Hot on the heels of the announcement late Thursday of the retirement of Morgan Stanley co-president Zoe Cruz, the most high-profile woman on Wall Street, some are wondering whether this is a signal that more problems have been uncovered at Morgan Stanley and that further asset write-downs are now on the cards. The Wall Street Journal quotes Punk Ziegel analyst Richard Bove, who said that Cruz's departure 'must mean that Morgan Stanley is going to report write-downs much greater than previously suggested'.
Here's something that we've run before. Hope it brings a smile to your face.
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