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Happy 106th Birthday

Happy birthday to Roy R. Neuberger, the man who co-founded US investment management firm Neuberger Berman (recently owned by Lehman Brothers) with Robert Berman in 1939. Neuberger was 106 on July 21st.

More Traders Wanted As Top Firm Misses Opportunities

Just a few days after Goldman Sachs posted a $3.44bn second-quarter profit, Morgan Stanley limped in with a $159m loss in the period (its third quarterly loss on the trot). And the reason this time, it seems, is that Morgan Stanley's appetite for risk wasn't as great as rival Goldman.

Guilty Plea From Morgan Stanley Thief

The Deal reports that 37-year-old former Morgan Stanley VP Richard Garaventa pleaded guilty in Manhattan earlier this week to steling $2.5m from the firm. He was accused of taking the money between 2001 and 2008 by writing checks to a dummy company he had incorporated for the fraud.

Ronnie The Recruiter - The PSL Review

We've had several requests to run the second 'Ronnie the Recruiter' episode again. So here goes. In this episode Ronnie attempts to bluff his way through a preferred supplier review.

Bernie - Prison Latest

The New York Post reports that convicted fraudster Bernie Madoff got a mixed reception from his new colleagues after he rocked up at the Butner prison facility last week.